Advanced Micro Devices Inc (AMD)

[HailMary]

Interestingly, they downgraded AMD to hold just a month ago.

And right before that Tad had initiated coverage with a buy. I forget the original target. He is playing the short term trends, which is surprising thing for an analyst to do.

 
 12-Nov-04	Wells Fargo Sec	Initiated		Buy 
 7-Dec-04	Wells Fargo Sec	Downgrade	Buy	Hold 
 5-Jan-05	Wells Fargo Sec	Upgrade	        Hold	Buy 
 

edit: original target on 11/12 was also $27. I guess Tad just saw too fast of a run up and decided to cut the rating for a short time period. Looks like he made a good prediction too.