AMD is trading near its 52-week low and is looking quite attractive at the price of 13.50. The company is beaten down by the performance and market shares of the Intel dual core chips, but AMD has the quad-core micro-architecture, Barcelona chips under its belts. Once Barcelona is released, AMD may reclaim its market share and drive its stock price up again. Plus, the stock price appears to be very good value at this point and there’s little risk for those who are willing to wait.
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I am still on the sidelines as far as AMD is concerned. I’m waiting for the right opportunity… You mentioned that you lost $1100 the last time you traded AMD. Are you trying to make back your loss?
No, the loss is in the past. I can’t dwell on it. I’m here to make money. =)
I haven’t heard you mention AMD recently. What is your current assessment of the stock?
I picked up AMD recently when it was in the 13′s and sold it at the jump. Then I haven’t followed it much. The stock is out of favor at this time and even though I believe AMD will recover one day, I don’t see that day anywhere nearby.
If you have patience, it may be worth picking up some shares at the dips. But I’m planning to short-term trade it.