Replies to post #19687 on Advanced Micro Devices Inc (AMD)

[I_banker]

HailMary, you may want to consider the tax consequences of selling this year. Unless you have offsetting losses, you would end up paying cap gains (even if they are long term) by April of 2004. If you wait and sell in January, you won't have a tax bill due until 2005 and if you were to suffer any losses next year, they could be written off against your AMD profits.

The risk of course is that the stock could fall between now and January.

[Elmer Phud]

HailMary -

Anyone here planning a similar exit in Q1?

I'm not at all adverse to holding this one and riding it. I'm making money on my short puts and my short calls too. This stock is doing exactly what I predicted and exactly what I planned for.

[Jack Hammered]

HailMary -

With Intel and AMD holding their respective channels, (although AMD has pierced it on my chart - much like the late September slide you pointed out earlier) I think January will be good for the Semi's.

Intel guided to the high side and Sandisk said today that they have NOT seen any flash price erosion. Those were probably the biggest factors for the recent Semi weakness, IMO.

There has been alot of gains and some folks want to lock in. My gut feeling is that the larger money wants to get into next year before the Q1 dump. Standard disclaimers apply, of course.

Oh, and to answer your question directly, yes.

Best,
Jack

[dougSF30]

Looks like you don't have much to worry about with Prescott :)

http://www.theinquirer.net/?article=13055

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Intel's Prescott still in trouble, it appears

Engine not thrumming as it might

By Jock McFrock the bekilted Engineer: Friday 05 December 2003, 09:40
WHILE INTEL'S 90 nano technology is fine and dandy, the next generation Prescott engine is still not ticking over as well as it might, according to my emoles inside the chip giant.

The emoles tell me there's still a wee problem with power distribution and heat management, so the lads and lassies have been delivering land grid array (LGA) samples inside the mighty body of the corporation.

Those samples, they say, are clocked at a wee 2GHz which gives Chupzilla the chance to plug and play and tweak the final versions.

[...]


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Much more in the article itself.

Doug