Advanced Micro Devices Inc (AMD)

[bobs10]

Given the miserable volume and the unusually large number of shares shorted compounded by a long weekend, we may be seeing a reversal of the usual Friday sell off before a 3 dayer. Under the low volume conditions it wouldn't take many shorts covering to cause a rise in AMD's price.

Another thing is that AMD has been range bound since last November. There have been ample times for those disinclined to hold AMD during the volatility to get rid of their stock. What we now have are probably a core of investors that are not affected by the volatility and whose selling price is higher than the range.

No sellers and a lot of shorts shiting in their pants as AMD’s price slowly moves up is a good reason for AMD to take a nice jump.