Not sure how at home surf is with the GPU market, last I read the new generation of Nvidia-killer GPUs was a disappointment. AMD's CPUs have been lagging Intel for ages now, sadly. Nvidia and Intel have a comfortable market position, can afford a mini-price war and most likely have tech which won't be released soon as there is no proper competition from AMD who is playing catch-up.
Its already up nearly 10% from your purchase price, what kind of timeframe are you expecting to hold this trade ?
Where do we get the surf report? AMD should be able to take $4 in near future and more so if it takes out $2.20 soon. Stops at below $1.60 make sense. Still targeting $4 gives a good 5 for 1 reward vrs risk on this trade.
$AMD a classic case of short-squeeze....144 mil of shares are still short..more short squeezees are ahead
AMD could be a long play as: It's long been rumored MSFT is interested They are splitting the CPU and GPU biz into separate co's. This allows a spin off in future. Two analyst issued upgrades Thursday. Technically it's bounced off 2012 low. Any positive news event can light up the short pool. Bond traders don't think so. http://seekingalpha.com/article/3507406-the-debt-whisperer-what-are-amd-bonds-telling-us?page=2 Market vola can overide any fundies short term. I wouldn't touch it with a fork.
I almost bought this last week as a spec on some of the rumors (before the runup Fri afternoon). Congrats on your good entry.
His "good entry" is 1.85. AMD is back at 1.81 lmao, when he sells his shares, that is the time to go long this horrible company
great insight, Banjo-- you are giving away some of our secrets! It now looks like 6.00 per share is likely here--- We are very very confident on this trade. surf
$AMD I bought it right here at 184 three years ago and rode it to four bucks might jump in and take another flyer