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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: economaniack who wrote (159353)	5/19/2005 2:51:34 PM
From: AK2004	Respond to of 275872

I do not believe so but it is just a wild guess

To: economaniack who wrote (159353)	5/19/2005 3:03:21 PM
From: Elmer Phud	Respond to of 275872

Economaniack For your sake I hope your May $16s expire worthless but for my sake I'd like to see it cross $16. It could be close. I'm thinking of selling the July $16s or $17s rather than June. My reasoning is that I expect AMD to post another loss and it could be getting obvious sooner rather than later. If I'm right that will hold down the share price. Better to get 2 months premium than 1. Selling the $16s rather than the $17s would give me more premium but I could be wrong in my forecast. I guess I could always roll... I'm short the July $15 Puts as well. I'll decide on Monday.

To: economaniack who wrote (159353)	5/19/2005 3:24:44 PM
From: Ruppert	Read Replies (3) \| Respond to of 275872

AMD has never given mid quarter guidance, and during the Q1 conference call AMD pointed out that Q2 is back end loaded, so Intel's mid quarter guidance will be even more worthless than normal. Intel has a new boss, so there is a real possibility of a huge write off or other big explosion to hide market share losses. The market could collude with Intel, or drop Intel $3 in one day, flip a coin.

To: economaniack who wrote (159353)	5/19/2005 11:01:43 PM
From: combjelly	Respond to of 275872

"Is AMD really committed to not commenting on Flash?" Hard to say. There is a lot of evidence that NOR flash prices are firming. All flash prices except for high capacity NAND flash has been flat to up over the past few weeks, high capacity NAND flash prices have dropped a couple of percentage points. With the upcoming spinning off of Spansion, AMD is going to pretend it has already happened unless flash is doing a lot better. That they will trumpet because it makes the spin off more valuable.

To: economaniack who wrote (159353)	6/2/2005 3:19:11 PM
From: economaniack	Read Replies (1) \| Respond to of 275872

Sold July 17 Covered Calls for .85 this morning. Figured I'd make Elmer happy and post my trades. Currently long Jan 06 10s, short July 17s Long shares For a bit of historical perspective, I first bought AMD for $21 in 1999 and doubled down at $14 in October. Had a 401K roll over so a bunch of cash that bought a lot more at $36 (in all about 4000 shares). Held that (and about $20,000 worth of long calls that died worthless) through the peak sold some around $80 and the rest at $30+ after the split for a double. Averaged in at the end of 2001 (around $12) and sold at $20 in Jan 02. Averaged back in around $10 in Summer 02 and sold for $7.50 around the bottom (went all in on ATYT at $4.5 sold at 16.50 so that worked out OK). Averaged back in last summer around $13 and bought Jan 06 10s for $3.30 in August. Sold it all (12,000 shares plus Nov 18 CCs on the leaps) for $18 on Nov 11 and watched the stock close at 21 the next day OUCH. Been selling CCs against the leaps (up a couple dollars) since. Bought at half at 14.75 after Q1 earnings and sold a week later for 15.75. Bought half at $14.50 a month ago. Currently in AMD, ATYT and a tiny bit of LOUD.