AMD strictly moderated (AMD)

[wbmw]

Re: God the pain WBMW must be feeling has got to be incredible.

Bob, I don't regret my decision to watch on the sidelines. I am not short AMD right now, but like I told you before, I intend to buy Jan 2007 puts when I perceive them to be near their top.

So why don't I simply buy shares in the mean time? Because I don't know if the run-up is going to stop today, or continue through the quarter. It wouldn't take much more than a product delay for investors to start selling based on speculation.

And since I don't criticise your strategy, I'd appreciate the same courtesy.