I was lurking on the mod thread and I saw that some of the posters there are wanting AMD to do something....come out with news or get more Durons out there...like that will fix things.
I am no expert but frankly, from what I am reading, there is very little that anyone can do to fix things. First of all, all the tech stocks are getting hammmered....semis, telecom, fiber optics, networking...the list goes on. SUNW comes in with blowout earnings, tries to break out and move higher, and so far, has failed miserably. No matter the quality of the earnings, most tech stocks are falling after they report earnings. The only stocks up in my portfolio are non tech. Market sentiment is such that right now tech stocks are stinking up the street.
Now this trashing of tech stocks is nothing new.......we have all been there before....and it usually happens 2 or 3 times a year. Fortunately for us, AMD missed the last two trashings but now we are getting it good.
What to do? If you are on margin and you expect a call, you need to sell; if you depend on these AMD share $s for a living, you need to sell. If you afraid the worst is about to happen, then you need to sell.
For the rest, you might think about this...the rich, fat cat Intel or CSCO or MSFT longs did not sell at every crisis, at least not all their shares. If they had, they would not be rich fat cats. ;~))
So my suggestion...lets not be so bullish that a bull would be embarrassed but lets not be so bearish that we look like chicken little.
In addition I suggest we use these threads and the relationships we have formed here to help us get thru the dark days of August.
JMHO. |
