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Technology Stocks : AMD ATI INTC NVDA Moderated
AMD 256.12+0.5%Oct 31 9:30 AM EDT
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To: xun who wrote (28)5/16/2010 1:12:49 PM
From: xun  Read Replies (2) of 95
 
AMD is in the short-term support zone of 8.60~8.80. The near-term resistence is 9. If market allows AMD to stand on this support zone during the correction, AMD will zone toward 12 before September.

At this point, I would unwind the strategy of long INTC/AMD and short NVDA, by decoupling NVDA from the INTC/AMD duo. If Greece breaks from Euro or Euro breaks, all bets are off. But if Euro holds up via QE, I see S&P stand on its 200SMA and retest 1220 before September. Under this scenario, AMD will go up against its next major resistence at 12.

I am half-loaded with Jan'12 LEAPs, with an eye toward more buying opportunity if market allows. I am also watching the rational behind using TSMC 40nm bulk for Llano. As of now, my read is that AMD wants to compensate TSMC for dual-sourcing SI or NI GPUs. Lleno certainly will canabalize the low-end GPU markets, where TSMC makes its bread in both ATI and NVDA GPU business. But if this Llano sourcing TSMC 40nm is something out of 32nm SOI issues, then I will be worried.

This is an interesting time for the market, the semis, and AMD in particular. AMD finally has quacked all the ducks it can muster. Now its fusion strategy is at the mercy of Euro.
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