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Registered User
Joined: 7/17/2005
Posts: 26
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Surely, AMD is a steal at this price? your thoughts!
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Just curious Timmer. What criteria tells you that this is the bottom. Relative strength industry is weak right now.
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Registered User
Joined: 4/18/2005
Posts: 4,090
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I gott a say I've been watching this one as well... mostly becasue of it's price range and it's average daily movement... I only see it as over sold and ripe for a 1-2 day trade eventually... but i'm with APSLL on this one... If you just buy on value alone you are likely to be dissapointed.... i'd say wait for some indication of price trying to move higher. It got cheap for a reason. they are having some fundamental difficulites... I think eventually they will be back to stealling market share from INTC... but nothing shows that is the case yet.
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Registered User
Joined: 7/17/2005
Posts: 26
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Price, just from a price perspective. I can tell by your posts there are a lot more to consider than just price. I assume you guys are professional traders. I do fairly well, i basically keep tight stops, and let my winners run.I don't know "doodly squat" about fundamentals but admire those who do. I've learned enough about certain technicals to get by. I'm the one who posted about YRCW a few weeks ago, didnt think it would go below 35, wow was i wrong. Luckily like i said earlier, i had a tight stop set.The market will chew you up and spit you out if youre careful. Setting stops, i think thats the #1 rule imho. Works for me. Thanks guys for your responses.
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Registered User
Joined: 4/18/2005
Posts: 4,090
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Yes... there is difinately alot more to consider than just price alone..... but I see your point... i'm as I said watching ti to try to catch a counter trend bounce..... and if you watch anything long enough you'll catch the trend reversal.... It's about being paitent. I love to hunt and fish and in some way trading satisfies that urdge to track down my prey and nail it when the hunting season is closed.
IMO the little fundamental information tha we mortals hav access to is barely enough... you'll probably fare better to focus on technicals. the most important fundamentals are earnings... and guidence. I go to Nasdaq.com and check quarterly revenues and earnings... read reports for guidence and alsl check their institutional holdings page. this page is often late so you need to cross reference it with the chart to see how the sumbers probably stand.
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Registered User
Joined: 9/22/2005
Posts: 849
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Look at the HNO/Diceman Indicator. It's saying wait.
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Registered User
Joined: 3/24/2006
Posts: 72
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Disclaimer: I've been following this stock for months, and it's been in my portfolio both as a put (since the good ol' days in its 40s) and a call (when it bottomed out at 13 last time). Currently I have no holdings in it, though I'm looking for it to go into uptrend.
It is my opinion that while its fundamentals are crying out for the stock to go higher, AMD's fiscal condition and outstanding loans in this current market climate of debt-aversion is really hurting the stock. Fundamentals plays are great and all, but as with all stocks, the virtue of being patient and waiting for things to bottom out and confirm an uptrend is generally much easier than trying to figure out an exact bottom.
Once AMD goes up to 14-15 in volume, I'd give the stock more confidence. Don't worry about missing out on a 20-30% rise in stock, either. If AMD finally gets its act together and have all the kinks worked out with its ATI purchase we'll be seeing it in the 40's in a year or two.
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Registered User
Joined: 5/15/2007
Posts: 18
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QUOTE (timmar) Price, just from a price perspective. I can tell by your posts there are a lot more to consider than just price. I assume you guys are professional traders. I do fairly well, i basically keep tight stops, and let my winners run.I don't know "doodly squat" about fundamentals but admire those who do. I've learned enough about certain technicals to get by. I'm the one who posted about YRCW a few weeks ago, didnt think it would go below 35, wow was i wrong. Luckily like i said earlier, i had a tight stop set.The market will chew you up and spit you out if youre careful. Setting stops, i think thats the #1 rule imho. Works for me. Thanks guys for your responses.
Hard to say. I love AMD processors though. I am a big fan but being in the IT field, I can't see how it could cost more than Intel at this point but it should be more than 12 bucks. Who knows, a year ago intel was less than amd though. I don't know the financials of the 2 but I know the products. AMD makes anything as good and in many cases better than intel so I am pretty confident they'll rebound.
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