Advanced Micro Devices Inc (AMD)

[HailMary]

I'm happy to take my profits now and wait for the next lull.

I won't argue with you there because it is never bad to take a profit, but I just don't think you'll see $15 again. $18 maybe. Even that is doubtful in my mind based on the large volume days that pushed the stock over $20. There is suddenly a large support base above $18. Something pretty bad would have to happen to make it go back to $15. We're entering what will likely be a good holiday season for the market.

Also, how do you think the stock would react if AMD earned $.30/share in Q4? $.35? Or if they announce good forward guidance for Q1? I think these are all possible. There may be a short term pullback, but I don't think I would want to risk being out of the stock right now. I'm glad you made a profit. I just think there is more to be made on the long side. I think we'll see at least $30 by the end of Q1.