Replies to post #16210 on Advanced Micro Devices Inc (AMD)

[sgolds]

HailMary, I have Jan 12.50 calls and I will sell them when sufficient profit is reached. Then I will assess whether I should buy new calls. Costs an extra brokerage fee, but I find this works for me because when I am holding a long position there is never an ideal price to sell, and always the hope for more. Once I sell a position then I can take a realistic look at whether I want a new position.

As the old saying goes, to hold a position you must first determine that you would buy a new position at that price. My thinking is clearest on this when I dump the old position first.

So I won't even hold for 20. By my figuring, somewhere around 16 I will take my profit and reassess.

I guess what I am saying is that when you choose a round number like 20 then you can get burned if the price tops at 19 and goes down on bad news (such as any hint of 90nm delay). Better to decide how much money you want to make on the position, and sell when you make that amount no matter what the share price.

[Jules2]

"Posted by: HailMary
In reply to: Jules2 who wrote msg# 16209 Date:10/29/2003 12:17:49 AM
Post #of 16243

Wow. Now that is BOLD! Have you backed this with some investments? I hope you're right. I have a sizeable number of Jan 15 calls I plan on holding in addition to a lot of stock. I think I would be out of the calls long before it hit $28. My predicition is $20 +- $1 just before Q4 earnings. I think it will drop afterwards in classic AMD fashion regardless of the numbers. I think next year is still a big question mark at this point. Intel isn't going to keep fumbling forever, and AMD faces challenges of its own like a smooth 90nm conversion.

HailMary""


I have been long since $7.30, not a sophisicated trader, not a TA guy. I just keep my ear to the ground...so to speak. Works for me. I made out big time with the original Athlon, same with EMC, prime etc. I look at the tech., if I think it's compelling enough I go with it. So far I'v done very well. I dont get involved with stocks unless I have an understanding/knowledge of the underlying factors that make the investment compelling vs the competition. In this regard and IMHO AMD has emerged as a leader. A bold company (AMD) deserves bold investments.

Best

Jules