Advanced Micro Devices Inc (AMD)

[bobs10]

What's with AMD's price?

Just my humble opinion, but since about the 1st of March AMD has consistently gone up less on up-days and down more on down-days, all on low volume. Best guess is that this is options related and has virtually nothing to do with AMD fundamentals.

I've been following the inter-day movements and the price fluctuations seem to be caused about 1/3 by movements in the SOXX and the rest by unknown forces. Whatever the case the guys wanting to move AMD's price down have had a relatively easy time of it as the big boys that could have stopped it have been noticeably absent. As usual, the little guys have been getting beaten up.

Anyway, tomorrow may possibly be an up day since the option effects will have reached a zenith with max pain circling around $17. If the big boys do like AMD fundamentals and think the stock is going up, tomorrow may be a good time for them to be buying since there should be quite a lot of support around $17.

Hopefully, the big boys have been lurking around just waiting for this to occur. In any case if tomorrow is strong it will probably carry over into next week baring macro economic effects.