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Tom Luongo

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  • Gold Breakout Occurs As The Days Turn Long [View article]
    Nah... just the end of a Futures month, IMO
    Jan 23 03:16 PM | Likes Like |Link to Comment
  • AMD: Looks Like More Of The Same On Earnings [View article]
    @Ash I have a 7700k that I'm building into a water-cooled miniITX box this weekend and see if I how it performs as well. I'm interested to see what is possible with the GPU. Hoping for 1GHz or higher. That would be awesome.
    Jan 23 02:32 PM | Likes Like |Link to Comment
  • Gold Breakout Occurs As The Days Turn Long [View article]
    @Fish Honestly, I had forgotten that Wednesday was futures expiration until I was doing the commentary for my podcast last night and realized why Gold didn't immediately follow through this week. Now that that pressure is off and the news was bad, Gold was free to run.
    Jan 23 02:29 PM | Likes Like |Link to Comment
  • AMD: Looks Like More Of The Same On Earnings [View article]
    @WRS There are a couple of reasons. 1) AMD's desktop sales have been strong recently. Richland and FX chips have exceptional value. So, capturing that momentum is important. 2) Desktop parts have much wider power tolerances so the first yields will be more suitable for that and as the fab process yields improve so will the power usage of the chips and they can be binned for lower TDPs for maximum performance. 3) They probably have a lot of notebook inventory to work through since the low power Richland's just hit the market before Christmas.

    Does that help?
    Jan 23 12:51 PM | Likes Like |Link to Comment
  • The Numbers Won't Tell The Real Story For AMD's Kaveri [View article]
    @ash9 IF you go back through each of the last few earnings calls you will see a pattern of AMD"s management being very cautious in their forward guidance. Mix that with them selling a story the analysts aren't buying and this is where we are. But, looking at the chart it is very healthy and these rallies into earnings are a sign of buying. Again, keep looking for higher lows on these corrections. At long as that is happening the upside looks more probable.
    Jan 23 09:39 AM | Likes Like |Link to Comment
  • AMD: Looks Like More Of The Same On Earnings [View article]
    @Tom But, that said this is a very cool device. Now think about this with Beema and 2x graphics performance. Yife!
    Jan 23 09:06 AM | Likes Like |Link to Comment
  • AMD: Looks Like More Of The Same On Earnings [View article]
    @392334 The article is wrong... not Kaveri, but Kabini. A6-5200 is a 25w Kabini part.
    Jan 23 09:00 AM | Likes Like |Link to Comment
  • The Numbers Won't Tell The Real Story For AMD's Kaveri [View article]
    @ash9 There's no institutional support in AMD. INTC is different as is NVDA. The natural thing is for the market to be more forgiving of the market leader.
    Jan 23 08:10 AM | Likes Like |Link to Comment
  • AMD's Kaveri Creates Opportunities For New Gamers [View article]
    @ash9 and more than good enough for 90% of the computers to be bought in 2014.
    Jan 23 08:08 AM | Likes Like |Link to Comment
  • AMD: Looks Like More Of The Same On Earnings [View article]
    @Stock The stock has risen and the business fundamentals have fallen off. Do you honestly like any of NVDA's future ARM products? If so, why? Look at the trend in Tegra. It's awful. Design wins and sales have plummeted with each generation. They have been living off their high margins in professional cards for a while but now that is under fire from AMD taking the MacPro. the R9-290X forced their hand on prices and let's see if we don't see margin compression this quarter or the next.

    Do you really think NVDA is good value at a P/E of 21 and AMD breathing down its neck in every one of its core markets while it's ARM strategy is in a near shambles?

    I won't concede my position on NVDA so I guess you are going to retire a multi-millionaire.
    Jan 22 05:16 PM | 3 Likes Like |Link to Comment
  • AMD: Looks Like More Of The Same On Earnings [View article]
    @Type I'm looking for a higher low to be made with this downdraft. So, any move down that does not re-test $3.25 before turning higher is a sign of accumulation. $4.65 is the big barrier now. I'm not loving this close below $3.70 so we have some more down action coming. What we're looking for now is for January to close above $3.48, the December low. If so, then no long-term technical damage has been done and we're in a consolidation pattern until a catalyst breaks the stock up or down.
    Jan 22 03:59 PM | 1 Like Like |Link to Comment
  • AMD: Looks Like More Of The Same On Earnings [View article]
    @Justin Absolutely. A good trader knows how to get maximum price action for his money. Look at the long tails on the weekly chart where it looked like the stock was selling off. Miraculously, on no news (I used to watch this carefully last year), NVDA would rise on low volume to close the week neutral. This keeps momentum on the long side of the market.

    It's the opposite of how the BIS and the Fed manage the gold price. Except NVDA does not have portable holes filled with cash for pockets.
    Jan 22 01:08 PM | 2 Likes Like |Link to Comment
  • AMD: Looks Like More Of The Same On Earnings [View article]
    I'd watch for a close today above $3.75 for AMD. Looking at the intra-day action, pushing the stock back above the current $3.71-$3.73 range would be a good signal. The closing 30 minutes will tell the tale... are the fund managers buying this dip?
    Jan 22 12:55 PM | Likes Like |Link to Comment
  • AMD: Looks Like More Of The Same On Earnings [View article]
    @Stephen Yes NVDA is the mother of all tech shorts. Their management and future product line is atrocious. The K1 will be in fewer parts not built by NVDA than the T4 was. The guy running their share buyback program is a real pro trader. Mix that with an excellent marketing dept. and sympathetic tech press and the stock continues to levitate on degrading business fundamentals.

    But, at this point I would watch a weekly close above $16.43 to the upside and $15.00 on the downside. Look at a weekly chart, everytime there is a bearish intra-week breakdown the stock roars back to close neutral. I'm convinced that's NVDA in there goosing the stock back to neutral and then riding general market momentum higher.

    At some point the wheels will come off and this thing will crater in such a way that their treasury can't save it.
    Jan 22 12:53 PM | 1 Like Like |Link to Comment
  • AMD: Looks Like More Of The Same On Earnings [View article]
    @Stephen That was the thing that stood out to me as well. Exchanging convertible debt for non-convertible debt and doing so in FY13 is smart management. But, that will not be credited when all that matters is that they didn't sell notebooks into a falling market with bad chips for that platform (Richland) and Intel paying people to buy Bay Trail instead of Kabinis.

    I like the early action today... fall back to the breakout level near $3.70 and basebuild here. I don't expect much more downside this week, we're already way oversold for the week between yesterday and today. I expect some short covering into this as the mo-mo monkeys are flushed out.

    As long as there isn't a re-test of $3.25 then I would say everything is fine. No real technical damage has been done. I bought some July $5 calls today.
    Jan 22 12:10 PM | Likes Like |Link to Comment
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