SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (115193)6/9/2000 6:23:00 PM
From: Cory Gault  Read Replies (3) of 1571226
 
Tim: re-

"I initially invested spare investment cash in AMD at 30. Between 50 and 70 I put my savings that I planed to use for a down payment into AMD and started to use margin. At the time I figured I'd sell half if it reached 100. Now I have become more bullish. I basically send each new paycheck to my broker. I sold CSCO, GTW, IBM and MSFT to buy more AMD. I had 100 shares of AMD planing to sell half at 100. Now I have 200 shares and 5 call orders with no short term plans to sell except for the 1 order of July 95s.
The decision to invest the down payment in AMD rather then getting a house a few months ago was a good one even with the way house prices have risen in Fairfax. But few stock opportunities are like AMD in '99-'00. I might have the headache of big tax payments next year but I think I will be able to live with it. <g> If AMD follows Niceguy's predictions I wont be ready to retire but I will make more this year from AMD then from my job."

This is an excellent investment strategy. I think I will also liquidate all my other holdings and sell my $700K house and start to use margin, then, put it all in AMD shares and call options. How could niceguy possibly be wrong?

Disclaimer: I am long a good some of AMD shares with a cost basis in the low 30's....but when I start reading all the "this stock is a once in a lifetime opportunity" type scenarios..I have to say I start looking for a top.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News