Advanced Micro Devices Inc (AMD)

[HailMary]

I'm doing very well, so far, although if you asked me at this time last year, the picture wasn't so pretty as I was down overall (to be expected in a down market I suppose). If AMD had gone under, I would have lost a good amount of money since I held the shares that I was assigned instead of selling them for a small loss at the time, but I believed they would pull out, and my instincts appear to have been correct. When I start to feel AMD's strength is diminishing, I will reverse the strategy by stopping put writing, and starting call writing. At any time I may just dump all the shares and buy back the covered calls if I feel something significant has changed that would severly hurt AMD stock. If AMD does skyrocket to $50 or above, I'm sure all of you call buyers and long term stock holders will make tons more money than me, but I will still have made a very good % return annualized, which is all I really care about. I'm not looking to make a fortune all at once, which with AMD is certainly possible. I'm looking to make a very good steady return, year after year.

HailAMD!