Advanced Micro Devices Inc (AMD)

[bobs10]

Congratulations. I felt the same way, but watching AMD dropping every day finally got to me and I got out at about $7 when I should have been buying. At that point I was still ahead, but made a tactical decision that turned out to be wrong. It's much better to buy a stock at $3 and watch it go to $30 than to buy it at $15 and watch it go to $30. Buying low really helps the multiplier.

The trouble was that during all the typical pullbacks of the 90's the stocks would drop 30 to 60% and then recover 30% within 3 months of hitting bottom. The crash that started in 00 and ended in 02 took no prisoners in any Tec’s with drops of 80 to 90% being the norm. Towards the end there I was beginning to believe the Tec’s would never recover.

Any way it all worked out and I've now got an AMD 4 or 5 bagger with much more to come. That's not too bad for 5 or 6 years of investing. And it's not like AMD hasn't given us plenty of chances to make gobs of money on it. My trouble has been that I've been much better at recognizing the up drafts than the down ones.

After the last couple of months I doubt that there are many AMD longs that need to worry about the poor house, unless they want to buy it. I wonder if it has a view?