Advanced Micro Devices Inc (AMD)

[bobs10]

Another way to look at today

For less than a buck we got rid of the weakest 25m AMD shares. Given that it took just 15m shares to raise AMD's price $1.33 the previous day and 25m shares today could only drop AMD $.92 it sounds like there is still an on-balance demand for AMD stock. This seems especially noteworthy given the day the general market had. All in all it seems like a good deal to have gotten rid of the weak hands this soon and likely bodes well for tomorrow unless the general market continues to drop.

One would think that every AMD weak kneed stock holder would have headed for the doors as soon as it became apparent that a downdraft was under way. Still I suppose there were a few that for whatever reason didn't punch the sell button. These guys could sell tomorrow, we'll see.