Prudential: Raises price target to $55
Wow. Reports like that make me want to hold AMD longer. I am very glad to have held through the earnings, and I think that is the first time I have ever said that. I'm pretty stunned by the results.
I still think it advisable to start reducing positions in AMD due to Intel's upcoming processors. I sold a little today, and I'll probably sell more as it heads through the $40s. I will likely be all out by April unless rumors about Intel's NGA start changing toward the better for AMD. Without Intel's NGA coming on, AMD could easily be a $100 stock by the end of this year. With Intel's NGA I think AMD will get oversold due to fear. I still think 06/07 results will be very good for AMD and the stock may come back after a fear dump, but I have to play the momentum.
I would probably buy back if it took a significant dive.
News 
Market Data 
Discover 
