bobs, if there is no other reason for the move, it doesn´t bother
me in the least - long term investments may be out of fashion with many here, but I´m still hopeful that my position will deliver good results.
Me...
While I look at charts and some indicators I'm primarily a fundamentals guy with a very long view of things. I do respect the TA guys just because so many people seem to lean in that direction, but that has never been the way I look at things.
As long as AMD continues to notch up the sort of gains I look at I'm in with both feet. It's taken a couple of more years than I originally thought would be needed for AMD to get where it is now, but we're getting very close to sustained profitability at better than industry growth. Looking back I realize I grossly underestimated the death grip INTC marketing had on the PC markets.
In short the risk/reward proposition now offered by AMD seems very compelling. Certainly it's much better now than at any time I've owned the stock.
Looking at the industry as a whole it's hard to see a lessening of demand for smarts in the proliferation of products we're being bombarded with. To me hand-held, embedded, and Media Center products seem to hold the promise of future explosive growth. You combine this with the growth AMD is experiencing in servers, and laptops and there seems to be more than enough room for AMD to grow as far out as I can see.
Looking at AMD's price gyrations last week, the stock held up much better than I expected until Friday. If one were a cynic I suppose one could ask just why the market held off until Friday to go through its' customary mean centering perturbations? It really is strange the way the market works with all these disparate groups trying to do their own thing, often as not, at odds with what others are trying to do. And that's what makes a market.
