BoA reiterates it's neutral rating and lowers the price target by $3 and the shares surge up 10%

WTF is that about?

 

It's because AMD just had a convention (or whatever it's called) and said its future growth looks very promising. Other than that, nothing else went on.

 

I have owned AMD for 21 years and don't know why I keep holding on to it. They seem to have a better business plan and better products, IMO, than Intel but just don't get the same respect from the chip market that Intel gets.

 

I read the story about their roadmap but I didn't see anything in it that would make the stock worth 12% more than it was at 9AM.

 

Worth? This is the stock market we're talking about. It's extremely unpredictable and unstable. A bit of good or bad news can send a stock drastically either way, even when news that have no immediate and apparent effect on a company. That's just the way it is and has been.

 

Well maybe not that news. A whole bunch of people got together and drove that stock up over 10% today and it wasn't by coincidence. Maybe it was just pent up demand waiting on any scrap of good news hence my question. I wasn't sure if there was something beyond that press conference that might have triggered it, some technical factors or something.

 

man, i was thinking of buying this too around friday of last week when it was 19xx.

now i don't want to touch it.

 

AMD's problem: marketing. Everyone knows the Intel chime, the Intel Inside logo; shoot, when Dell even mentions an Intel processor you hear that chime. Does AMD even have a commercial?
AMD had some momentum going when it introduced its 64/FX chips, but alas didn't market them the way they should... so when Intel won the benchmark back with their dual cores, all that momentum went away.
My take (feel free to disagree), AMD is ran by engineers, Intel is ran by businessmen, when financial markets are involved, I'll go with Intel.

 

i bought amd a few years ago when I was building a PC for a friend, the computer store guy recommended the AMD instead of intel, it was cheaper. From that conversation I bought some AMD stock, but not before I had accidentally bought some AMS, typo. I still have both, but i should have bought more of the ams and less of the amd, i sleep easier with the ams, it doesn't move and it pays a dividend.

 

[QUOTE=usrbin,Dec 16 2006, 01:55 PM] i bought amd a few years ago when I was building a PC for a friend, the computer store guy recommended the AMD instead of intel, it was cheaper.