Advanced Micro Devices Inc (AMD)

[mmoy]

What's the typical latency of L3? I'm surprised that they
wouldn't just do a 2-4 MB of L2 when they do their process
shrink.

BTW, AMD filled the gap from the second week in April and is
coming up to 50 DMA resistance. It is in overbought territory
and the move higher has been on low volume. The overall market
movement has the feel of liquidity lifting all boats though
there was a net drain today so that seems odd. It negated the
bearish flag pattern two weeks ago though we seem to be high
in the somewhat sideways range.

I've had no positions in AMD or Intel for a while outside of
some index positions that have contained Intel. The short-term
risk/reward on both stocks short or long isn't attractive to
me at the moment when there's a lot of stuff out there that
is trending fairly strongly.