Advanced Micro Devices Inc (AMD)

[bobs10]

you...

Nice call. I missed some trading opportunities the last few days. I'm still holding strong in shares for now. I think we'll be seeing 40s soon.

me...

Yeah, got lucky. Perfect confluence of events. Had a wad of short term cash just sitting there and I was looking for a spot to buy some short term AMD. The ML support of $35.20 seemed to guarantee no lower price until Friday at the earliest. Huge volumes and extreme volatility related to options expiration, earnings and macro events should be slowing down some. We could use some more recognition by the market demigods of just how far AMD has come, but that should be more and more apparent as the quarter progresses. Like many others I see $40 in AMD's soon to be future so this should be a hold for awhile.

Trouble is this is short-term money and I have to sell at some point so that I'll have some cash available when the next buying opportunity comes along. Being a total long is like watching paint dry, you have to do something else to keep sane.