Advanced Micro Devices Inc (AMD)

[TFMG]

Tomorrows earnings from AMD will have an enormous impact on the Chip sector. Intel and Xilinx both reported earnings last week and disappointment resulting in selling within the sector. It is hoped that it will come to light that AMD actually took market share from Intel rather than the market decreasing. Currently the short interest in AMD remains quite high at 11.5% which can often result in high volatility , it is imperative that stop losses are in place. We remain long and bullish in the long term.