Advanced Micro Devices Inc (AMD)

[bobs10]

Dispite the sell-off.

There remains a lot of interest in AMD as evidenced by the 25m shares traded. Lest we forget on Dec 30 the closing AMD price was $30.60, so that at $35.35 AMD is still up $4.75 in less than 2 weeks. That represents a %15 increase that was probably due for a correction of some sort. Not to mention that the indexes were all down with the SOXX off 7.16. Hard to tell how much of this was the mo/mo guys and others locking down profits going into earnings and how much was due to the general market turndown. But considering how AMD has defied gravity lately no matter what the market has done one would have to guess that most of the selling was by the risk averse. All it really means to me so far is that AMD is up to its' usual pre-earnings volatility. Anyway, tomorrow should be interesting.