Advanced Micro Devices Inc (AMD)

[bobs10]

Same old, same old

Rising prices on low volume. Clearly supply is not meeting demand, no matter how muted. AMD continues to out perform both the SOXX and INTC so this isn't just a case of techs going up and AMD getting drug along.

To me, it looks like some smart money has awakened to the "New AMD" mantra, but the big boys aren't buying it yet. The only thing that will probably bring the big boys in is increasing margins and concomitant earnings. We might see a jump in AMD's price if q3 earnings live up two the "smart moneys" and markets expectations. Until then I guess we'll just have to be satisfied with the current pattern, at least until the stock gets back around the $14 level where more sellers should start to appear.

Frankly, I don't mind this kind of boredom. I think I'll take a nap.