Originally posted by: PC Surgeon
I bet by the end of the year it will be trading over 10 a share.
Out of curiosity, how much did you bet?
Not that I'm disagreeing -- in fact, for the first time in 2 quarters the AMD chart doesn't look bad at all. Looks like a nicely formed pennant on the 1 year chart. Next move to the upside could be big -- $10 could come a lot sooner than the end of the year.
Course, a piece of bad news could move them lower, fast.
Definitely looking to be an awesome volatility play with a ~3 month time horizon. Short term it looks like they're flatlining due to lack of interest. Longer term it has all the markings of a big mover.
Not sure I'd treat it as an investment though.