AMD strictly moderated (AMD)

[mmoy]

The Fed came through this morning with a big liquidity pump. The
liquidity number was at the bottom of the channel and many of
us were looking to see whether the Fed would pump or let it
fall through the channel. Of course he came to the rescue. But
even the big pump didn't do a lot for the market.

OEX next week should be pretty interesting.

A quick eyeball on the INTC options says that the action is
going to be centered around $20. The AMD options point to $35.
Long INTC would probably be a low risk play until earnings.
Probably wouldn't make much on it but some people like that kind
of play.