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

To: heatsinker2 who wrote (195198)	4/26/2006 6:33:38 PM
From: dougSF30	Respond to of 275872

Long term outlook is completely unclear without knowledge of K8L performance and timing.

To: heatsinker2 who wrote (195198)	4/26/2006 6:45:53 PM
From: Joe NYC	Read Replies (1) \| Respond to of 275872

hs2, Bad move, ditto for Doug. If you're getting squeamish, you could have done an EPhud and sold some covered calls, almost always a moneymaker. I looked into it, but I didn't really see anything I liked. I think there is probably 20 to 30% risk on the downside in next 4 months, with limited upside and the in the money calls did not give me enough premium to protect from that. Of course, the fact that I sold increases the chances that Dell will come on board in a more meaningful way (than Alienware) exponentially... Long term outlook is still great and it's foolish to sweat the short term. I am hoping to be back with more shares later. I have been in and out of AMD stock a number of time over the last 5 to 6 years, and as a result, I ended up with with a lot more shares. But I used to have a better feel for the AMD stock before the latest runup, and most of my short term trades with stock and options were profitable. I don't have the same feel for the near term movement of the stock any more. Most of my short term trades (with small fraction of the shares) were barely break-even during the latest big run-up from single digits (up to the recent highs), so I may be wrong this time as well. We will see... Joe