AMD up BIG Today!!!!!

[Encinitas]

Hey This is my first post on Anandtech....I just wanted to post something... AMD Stock up 4 3/16 up on HUGE VOLUME...Look out intel..

 

[Hamburgerpimp]

Yeah, AMD AMD, making my Etrade account look good!

 

[loogie]

w00t...almost time to sell.

 

[SSP]

 

[Bluga]

cool

 

[Napalm381]

Another 418 bucks

 

[goog40]

It's about f&#$ing time NVDA up big too

 

[IBhacknU]

AMD released results today (or was it yesterday?)

 

[HKSturboKID]

yea, providing I got this in the mid 30s, its about time.

 

[goog40]

The press release says they released it after the market closed last night. I can't believe how undervalued AMD was at 15, P/E ratio of close to 6. Hopefully other companies follow IBM's lead, MSFT and SUNW also matched expectations today and are up a few bucks in after market trading.

 

[GreenBeret]

FINALLY! WOOHOO!

 

[Midnight Rambler]

One of my brokers actually called me today to ask me if I knew why AMD was up so much today, because he nor the rest of his associates could figure it out, other than "shorts" covering and lots of small traders, there was no major institutional money moving in to AMD from what they could find out. By all accounts, AMD would/should have been hammered - AMD missed already-revised earnings numbers, gave the same weak sales forecast as Intel, ie. sales down 15% for Q1, very poor earnings as % of revenues, etc.

If you're not "long", sell in to the rally that is happening now. Once earnings season and the January 'Fed meeting is over, the tech rally will sell off a good bit again.

 

[KiLLaZ]

"For Intel to grow, it has to grow the entire market, which may be difficult to pull off in a slowing economy," he said. "But for AMD to grow, all it has to do is steal some market share from Intel."

 

[ElFenix]

quite a few analysts at large firms reiterated strong buy ratings on AMD, saying that the stock was simply too low ever with the earnings performance of the last two quarters.

 

[kaiotes]

HKS, i bought 'em about same price as u
i so wanna get rid of a few shares