Replies to post #69893 on Advanced Micro Devices Inc (AMD)

[Jules2]

Posted by: Not a Short
In reply to: bobs10 who wrote msg# 69893
Date:1/18/2006 7:18:55 PM
Post #of 69896

wbmw says instead of buying amd common he'll wait for it to be overbought and buy puts instead.

seems like a convoluted way to make a profit on a rising stock to me...

God bless wbmw.
I hope god blessed Bagdad Bob too.

Regards

Jules

[wbmw]

Re: wbmw says instead of buying amd common before it goes up he'll wait for it to be overbought and buy puts instead.
seems like a convoluted way to make a profit on a rising stock to me...

If I had bought shares a while back, I'd be holding right now. But I thought AMD was overvalued at $30, and oh boy are they overvalued at close to $38. But will the stock go up from here, or level off? That's the uncertainty in the stock as far as I'm concerned. But I believe with absolute certainty that it will fall before the end of the year. Based on that assumption, it's better to capitalize on the fall, than to gamble on further growth. My strategy is consistent with that.

[bobs10]

you, quoting WBMW...

My strategy is to wait for the daze to clear and for hopes to be higher than the sun and moon. Then I'll buy some Jan 07 puts and sit back and wait.

me...

Well, I wish him the best but buying puts on AMD right now seems equivalent to betting the sun won't rise tomorrow. Frankly I have a very hard time trying to understand were some of the INTC pushers are coming from. I'll say one thing though, they sure have fertile imaginations.