Advanced Micro Devices Inc (AMD)

[COMMON SENSE]

I think the tech NASDAQ market has just about topped for now

and I would expect the reverse direction on stock prices and a downward movement in the next weeks.

The $8 for AMD would appear to be tops in my estimation.

AMD has a lot of things it has to overcome before it can go much higher. The biggest thing is that they will need to improve earnings (actually they need to GET earnings).

Some here think this will happen soon and many have predicted it will take a lot longer than this year. I think it is a ways off if it ever happens....

But whatever the case, if you value a stock by what it "represents and the earnings are the true test of what a stock is worth - AMD has not met that level and is priced very high in this historical time.

That is why I believe the stock will go back to the $5-$6 range in the reasonable future.

So that is why the stock should be traded as if the price is going to go down - not up

And that is why I made the statement:


"The October $10.00 calls for AMD are very pricy and you would have to believe in the tooth fairy to make that ivestment! At a selling price of $0.60 you will lose your investment quickly."

And you said: "I think he was suggesting selling CCs. I don't think it's such a bad bet. I guess it depends on your expectations doesn't it? Why do you think it's bad?"