markets in the toliets again the nasdaq is down almost 2.5% from the friday close slowly buy when the bottom comes but my funds are tapped out
hahaha Yeeeaaaahhh buddy. C'mon stock_trdr, you know it's true. You're a natural born buyer. You buy the dips, you buy the tops, you even buy the in-betweens. You're even an in betweener!
One penny at a time baby...someone knows how to stretch that college graduation money! note: changed this so no one thought i was being a bigot. I'm not.
"...I wonder if it's too early to play AMD. 70% down from it's 52 week high. I like AMD for the future, but i think it is too soon to go long. There is no harm in waiting, as it is not going to take off for the moon in this mkt climate. Perhaps sell puts if it drops below 12 by May, as it should, and expect to pick it up around 9-11$ net. They should be out with their new true, dual core in the Fall which will once again push them past INTC, which only has a phoney dual core. But the Market could truly be in the dumper by Fall. Nevertheless i expect at least a little rise out of them sometime before end of 2007. I sold call verticals against AMD on the way down to hedge my modest long position, and that has worked out nicely so far. Certainly i will add more if it hits single digits, and i would feel comfortable at anything under $12 for a long term position. I think Sony should be watched closely. The play station 3 seems to be an albatross and a big mistake, but i don't believe Sir Howard is all that dumb, and it would seem they have several excellent remedies at hand that could give the stock a real boost -- but again, too soon to jump in. Today was yet another nice payday in the ER2. When oh when will this Joy Ride end? I have stated the opinion elsewhere that i don't believe we have had enough of a correction yet considering all factors. Regardless of whether the market goes up or down tomorrow -- i really don't care -- i anticipate a considerably lower market for the intermediate term, and possibly a recession in 2008. Plenty of money to be had regardless. Good trading to all.
I rememebr last year when on CNBC there was a talking head who said AMD was stealing market share from intel and that it posed a major threat. Everyone was bullish in AMD. This when it was at 36. Now AMD is down nearly 22 from that point
It is a lousy stock, a mediocre company, in a sector far past its prime Semi's were a good investment in the 80's and 90's but now moores law will become an issue since they can only make the transistors so small.