amdman

Sharks Circling the Galleon Galleon

Looks like I blew it about Galleon not liquidating, and that likely explains why AMD is down.
I dont day trade, so this little move down is just noise to me.

Sharks Circling the Galleon Galleon

Galleon is guilty of insider trading, not losing money. The company will pay a fine and some execs will go to jail. There is no threat of any liquidation, and even if there was it would take years to go through the courts.
The alleged source of this rumor paul.kedrosk.com has removed the reference to AMD.
As I said this is just disinformation to scare AMD investors so some shorts can unwind their positions before AMD goes to $10.

Sharks Circling the Galleon Galleon

90% of the fund dollars listed are in AMD, a stock that was at $2 four months ago, and is now at $6.
That means Galleon has tripled its worth in just four months, how in the hell could a firm doing that fantastically good, have sharks trying to force a liquidation.
Disinformation, this whole article was probably cooked up by someone short AMD, that needs to cover, before AMD hits $10 on market share gains of AMDs ATI division.
Apple just announced its new iMacs line, largely powered by ATI, before it was all NVidea.