Replies to post #18293 on Advanced Micro Devices Inc (AMD)

[Golfbum]

I just listened to the CC. There was no "out of context" about it. Hector responded directly to a question on the matter and said it was a two to three month slip. "Sometime in Q3" is his now stated target for volume shipments.

gb

[Elmer Phud]

HailMary -

I covered my short Dec 18 puts for a loss (sold these the other day for $1.40 - bought back at $1.85 today)

I hate buying back for a loss. I much prefer to roll short positions out and down rather than closing them out. My goal is for every short position to expire worthless. Also most of my positions are short puts on one side and short calls (CCs) on the other. Either way one is going to expire worthless and the other can be rolled if need be. BTW, Schwab just added a major extension to their StreetSmart trading tool with lots of new options features.

[wbmw]

Hailmary, things may always change, but this has historically been a good time of year for semis. The market may be pulling back a little now, but it's usually poised to strike back before the end of the year. I will probably exit my positions just after New Year's. Since the market has been going so well for many companies, I expect the government to come out with the data proving this, and of course it will push stocks higher (even though we already *know* what it's going to say :-).

I think AMD will head back to $18, and maybe get to $20 or higher if their mid-quarter earnings update guides towards a profitable quarter. I also expect good news from Intel, and that usually pushes AMD higher as well. If you're lucky, you may see a little more downward movement, and then you can buy back in. Best of luck.