Advanced Micro Devices Inc (AMD)

[bobs10]

Couple of things

Today was worse than the $.02 loss implies because the macro news raised the general markets. Without the good ISM report there would have been more of a correction.

Last week was a rocket. Every time that happens it brings out new sellers whose appreciation goals have been met. Actually today’s correction was very mild and bodes well for the rest of the week.

AMD is kind of in a holding pattern now. Most everyone that believes q1 will be good for AMD has bought in. AMD is a very polar stock with people either hating it or loving it.

People that believe q1 will not meet muster but think the AMD picture will improve over the year are holding for the dip.

There's a huge amount of $'s out there waiting for some confirmation that AMD is for real. Analysts are still saying AMD is dead. AMD needs to prove them wrong.

So far there have been indications that the king is ill. If it starts to look like the anti-biotic isn’t working the value of the prince in waiting could take a big jump.