Just once;
I would like to get in on one of these seemingly forever-repetitive downdrafts. It's hard to be pessimistic about AMD stock, even in the short term, but that's largely because most of us have a closet niceguy bias, that tends to preclude seeing other possibilities.
In hindsight given that AMD usually does some sort of correction between earnings and that AMD had been basing between 39 and about 41+ for quite a while a correction wasn't that farfetched. The size of the correction is what surprised me most, but there were other warning signs. The biggest one should have been the rave reviews the INTC fans awarded the NGA products despite their somewhat distant release. Not that this fawning admiration changed my opinion any, but the mere fact that so many were believers should have raised a huge red flag. Then there was the "price war" hype, the very mention of which, seemed to convince many that a price war was inevitable, despite it making no sense.
Anyway, it still looks like AMD is going to have a great Q and probably the best year ever. I don't know why but these things seem to be getting ignored by the market. If AMD can meet or beat expectations and INTC does as poorly as they have indicated this will go a long way towards breaking the "price war" bubble. Largely because the market will have to ask some questions about what kind of a war was waged in q1, and if INTC declined why was that. The NGA problem will take more time to resolve as all we have to base opinions on currently is some cooked up demo by INTC. This will bear further watching.
