Replies to post #31651 on Advanced Micro Devices Inc (AMD)

[rlweitz]

April Max Pain at $15

If you'd have asked me whether we had a shot at this yesterday, I would have said, "NFW!"

Today, I'm not so sure.

Still, I'm looking for a rebound next week.

[dougSF30]

Classy post. (eom)

[facsnotfiction]

Tenchu enjoy your losses on INTC. I kept mt long position but I play the options game in the short term. The stock bounced off 13.98 today, which is where it closed on 12/17/03 and 2/23/04. After those lows the stock went up to 17.38 close on 1/20/04, and 17.45 on 4/2/04. You don't pay very good attention but AMD stock makes decent percentage moves in the short term. What you also fail to realize is this is the period that the SOX usually trades down. I don't expect AMD to start breaking out to the upside till at least late June/ early July. But when it does look for AMD to move up into the low 30's by November, which will probably be at or above Intel's stock price. You must face the facts that Intel is struggling with Prescott and is once again King of the Paper Launches. AMD is kicking Intel around like theres no tomorrow, which is becoming more and more eveident as Intel fails to deliver on Prescott. Cha-Ching.