Advanced Micro Devices Inc (AMD)

[bobs10]

where´s bobs with the stock manipulation posts???

Me...

Right here. I've been waiting for a price adjustment all week. It looks like the big boys saved all their powder for today to get the maximum effect. I just wish I would act on these sorts of things occasionally. Lately I've been so transfixed on AMD's long term prospects that I've been hesitant to play my usual 75% long 25% near term game.

Big volume increase over normal tells you this is a big boy move. They probably have a lot of puts and have stock to sell that they accumulated over the last couple of weeks helping drive the price up. During that period it has looked to me like the small buyers have been doing most of the buying lately (relatively small volumes). The way the price has held up this week it hasn't looked like anyone was selling. Probably the little guys were rolling out until today, or maybe some of them waited until the last minute to decide?

Anyway, the little guys, by themselves, can't withstand an attack of this sort. Perhaps some of the other big boys will enter the fray later? Once the big boys get things going the market timers hop on and the whole thing gets exaggerated. Not to worry though, next week should see AMD around $24 again as the pre-earnings hype takes off.

AMD sure is a great trading stock if your prescient enough. These hit and run tactics must be quite profitable. Anyway, it looks like the sharks will be taking a big bite out of us today.