AMD down from 8.20 in april to 2.18 Fridays close.
Droped 16% friday on aprox 4 times normal volume. Either Friday or early next week could be capitulation bottom? I was wrong on this stock before & if memory correct bought @ 2.85
AMD down from 8.20 in april to 2.18 Fridays close.
Droped 16% friday on aprox 4 times normal volume. Either Friday or early next week could be capitulation bottom? I was wrong on this stock before & if memory correct bought @ 2.85
Last edited by lonewolf; 2012-10-20 at 10:05 AM.
Using 5 year chart from Yahoo could not find a higher volume day.
Last edited by lonewolf; 2012-10-20 at 10:11 AM. Reason: Avrex should be amd not adm please correct
In April stock was trading @ 8.2 was down 16% on Friday to 2.18 on volume aprox 4 times normal. Using google I could not find higher volume day going back only 5 years.
Capitulation bottom occures after panic high volume selling after an extened down trend.
I made a mistake & started thread useing ADM istead of AMD so that thread should maybe be destroyed ?
Sorry for the mistake but it is also an excellent example of how dangerous investing can be. If I made that mistake while placing an order the results might not be so forgiving.
Have you tried AMD's products?Originally Posted by lonewolf
what does that have to do with the stock tanking?
do u know why we are trading here?
I own an AMD product and that does not absolutely matter.
do ur own DD
and yes i own a lot of shares atm.
Does anyone else think newbie / lonewolf / thenegotiator is talking to himself on his cellphone and pc ?
Was thinking the same as I was scrolling down.
AMD: Sad story, declining PC industy. Untouchable.
Last edited by Argonaut; 2012-10-20 at 10:02 PM.
I can see AMD as a trade. Everyone has to make sure Intel has a competitor in the PC and server market for chips.
However, I don't see the company as having great prospects in the future and thus don't like them as a buy and hold.
Too risky for me to invest in, but I do like the company as a consumer. Used AMD in my latest PC build and saved a lot of money for not going with Intel.
However AMD did recently hire a new chief architect for CPU cores, the same guy that designed the K8 chip back in 03 that whomped the Pentium 4: http://hothardware.com/News/AMD-Hire...Back-On-Board/
If he can design another new chip that is as revolutionary as the K8 was, then AMD is back in the game.
[QUOTE=Argonaut;149222]Was thinking the same as I was scrolling down.
AMD: Sad story, declining PC industy. Untouchable.[/QUO
i have been thinking and thinking and thinking again about replying to such posts.
weber - i am not who u think i am
Argo-- if it is untouchable as u say and so does FBR here is my thought.
for both of ya
buy a lottery ticket ....
buy puts that are trading as of last friday at 1 cent /1.5 strike price for novi/12 expiry.
buy jan/13 puts at 1.5 strike at 5 cents .
i will end here.
Argo.... indeed very very sad story
sorry
i think i forgot to mention that ... what..... between 70/90 % of options expire worthless?
Last edited by thenegotiator; 2012-10-21 at 03:53 PM.
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