Advanced Micro Devices Inc (AMD)

[bobs10]

While I do some trading I'm basically a long. I pick companies and stay with them until I find something better. Believe it or not I'm still way ahead of say the S&P despite AMD's up and downs. Your right though there should be something of a panic sell off at the open. Considering the action in the stock the last couple of weeks it looks like someone had an idea about the problems we're hearing about now.

This stock is/has been so volatile that one could have made many a fortune in it by betting either with or against it at the appropriate times.

Right now we don't know how severe the damage is, but going forward flash is going to represent much less of AMD's business which kind of limits the down side effects. I'm going to wait for more information before going off half-cocked. Trouble is that these sort of problems don't age well.