Tuesday, April 8, 2008

Considering AMD

I purchased AMD last year thinking the new Barcelona chips were going to put them back on track against Intel. Instead it dropped like a rock and I don't watch it close enough to catch it.

Last night they announced further bad news with layoffs. The first should drive the price down, the second should drive it up so it does seem to have balanced out, although it dropped 5% it is still hovering at what I think is a bottom. So, I like the company and think they have stumble a lot recently, but it also seems to be at a bottom so any good news will make it jump. I'm still on the fence and going to hold it a while longer. I should buy some more to lower my cost average, but I'm in deep enough at this point.

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