Advanced Micro Devices Inc (AMD)

[Petz]

re: hold off until after earnings

Based on the following, not a good idea --

AMD price change 12/9 to earnings, 
 day of earnings to 12/31, 
 12/9 to 01/31 
            12/9 to  EPS DAY  12/9 to 
 YEARS      EPS DAY  to 01/31 01/31 
 ---------- -------  -------  ------- 
 1998-1999  -10%     -18%     -26% 
 1999-2000  +33%     -8%      +23% 
 2000-2001  +15%     +33%     +53% 
 2001-2002  +0%      -10%     -10% 
 2002-2003  -2%      -27%     -28% 
 2003-2004  +16%     -14%     -1% 
 AVERAGE    +9%      -10%     +2%

The period from now UNTIL earnings day has a good positive bias over the past 6 years. The worst year was down 10%. But earnings have to be just stupendous to overcome the normal AMD post earnings downdraft.

Petz