Posted by: wbmw
In reply to: Not a Short who wrote msg# 69896
Date:1/18/2006 7:33:22 PM
Post #of 69900
Re: wbmw says instead of buying amd common before it goes up he'll wait for it to be overbought and buy puts instead.
seems like a convoluted way to make a profit on a rising stock to me...
If I had bought shares a while back, I'd be holding right now. But I thought AMD was overvalued at $30, and oh boy are they overvalued at close to $38. But will the stock go up from here, or level off? That's the uncertainty in the stock as far as I'm concerned. But I believe with absolute certainty that it will fall before the end of the year. Based on that assumption, it's better to capitalize on the fall, than to gamble on further growth. My strategy is consistent with that.
wbmw.
If I may reiterate. Had i taken your advise, I would have lost a ton of money.
I had intel when it was good, alas, that was a while back.
In any event, good luck to you and yours.
Regards
Jules
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