Replies to post #47884 on Advanced Micro Devices Inc (AMD)

[HailMary]

I will reconsider entry when the price returns to $15. My guess is that it will be here by March.

I think the only way you'll see $15 again is if there is a stock split. Next year is looking strong for AMD, even if flash performs poorly.

You might consider writing puts to reestablish a long position. Pick a strike price slightly below the current price, and write for a month out. Keep doing that month after month until you get assigned, and if you don't, you get to keep some cash. You can also buy a lower strike put if you want some insurance from a major drop. This would minimize the risk.

[DGagnon819]

WBMW,
I've got my limit order in at $17. Good luck,
D

[Tiger64]

Your guess could be right if flash sales stay soft...if the Nor flash market is down 10% and Intel takes 10% of market that means AMD would sell only $400 million in flash and probably would take losses there...I guess you would have to say that the stock price movement would be based on future expectations going forward than current earnings per quarter...I think the market might be shocked one way or another in January and its hard to say...I have to laugh really hard when everyone says Intel is going out of business...all the manufacturers from Asus to HP are making tons of Pentium M laptop computers...if the analysts keep knocking Intel down to $20 I would be buying for a positive upside after earnings report...