Joe, I followed your lead today, and moved out of my remaining positions in AMD. A little stock and leaps, but mostly July calls. I don't think AMD is necessarily headed much lower, but I think it may be flat until the K8L/65nm is selling.
Used some of the proceeds to buy more Intel 2008 call leaps, this time at a $22.50 strike. Looks to me like investors have priced in a crappy Q2 for them already, but not completely sure, hence the long time frame.
Of course, I am nauseated to think I'm now in the same investment boat as that moron tecate, wbmw the dissembler, etc.
I, too, will consider re-entering, once the relative performance of the K8L vs NGA becomes clear, along with a solid launch timeframe. |
