Advanced Micro Devices Inc (AMD)

[HailMary]

Well it nearly hit my stop loss price ($15.50), but I'm going against my own rules, and I'm going to hold all my positions. I think the fundamentals are just too strong to hold the stock down across a longer time period. I hope my gut is right, or I'll kick myself for not following my own system. It will probably retreat back to lower support levels from here, and then start another long run up. Sgolds had a nice analysis on TA, where it might only retreat to the 50 day MA of $15.25 and hold there. TA is pretty valuable in this situation where no major new news has come out recently or is expected in the short term. We could always get a surprise news item though which could throw the stock in either direction.

my position:
long shares ($8.63 avg entry)
short Dec 17 puts (I'll take the assignment if it comes to that)
long Jan 19 calls (HailMary upside insurance)

HailMary