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AMD (AMD +9.7%) just won't take a breather. Share are now up 42% on the week even though the...

AMD (AMD +9.7%) just won't take a breather. Share are now up 42% on the week even though the chipmaker hasn't seen any major news and has been hit with a downgrade. Bernstein speculates enthusiasm about AMD's next-gen console design wins is responsible, but they've been well-known for some time. Is a major short-seller or two covering? Is an activist investor moving in? Regardless, shares are up 57% YTD in spite of a pretty ugly Q1 for PC sales.
Comments (7)
  • Thanks for the jinx, AMD just got hammered. Perfect timing.
    3 May 2013, 01:51 PM Reply Like
  • Forget waiting for the real story and take the gains. I sold yesterday at +25% and someone else made the next 15% (assuming a sell at the top today). Great trade run - will we see a dump and repeat?

     

    (Long term investors in amd need to be patient and watch the numbers and execution.)
    3 May 2013, 02:01 PM Reply Like
  • The Black Swan returns.

     

    I love watching pundits try to write news stories about random events, i.e., human behavior and animal spirits. Like watching a kite in a hurricane.
    3 May 2013, 02:54 PM Reply Like
  • Yep, trading and investing in the markets can be like performing the kite, key and Leyden jar experiment in an electrical storm. Black swan? Next one comes from the interest rate markets. "A Black Swan in the Interest Rate Market."
    3 May 2013, 03:29 PM Reply Like
  • Was bullish on (AMD) on Apr 22 (on an article publication) when it was $2.60 or so. Stock is probably trading ahead of all the news. Look for profit-taking if the news gets announced.
    3 May 2013, 03:23 PM Reply Like
  • I hope it goes back above $4.
    3 May 2013, 03:41 PM Reply Like
  • Stay negative, i need the money
    3 May 2013, 05:06 PM Reply Like
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