Strong upside potential!!!! Took a position in AMD today

Panjang

Advanced Micro Devices Inc (NASDAQ:AMD)

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NASDAQ:AMD Advanced Micro Devices Inc

The caveat to all this is to have a stop in place, mine is fairly tight. Trading without stops is no different than wishing.

Komen:

I missed on this call pretty bad, but with my stop at 13.25 no real damage done.
I will have to say this is solidly in a bearish trend. I believe the primary catalyst was volume. It allowed the bears to win out. will be looking hard at AH volume for possible re-entry. I still believe this has solid upside potential. will update tomorrow.

Komen:

12.99 looks like another good re-entry, but this time I wont be gambling on prospective volume.

Komen:

update: lost traction, and next target re-entry is 12.40's imo

Komen:

watching volume and gauging if this snowballs and stops get taken out

Komen:

Glad I had my stop in place. Based on history the last time AMD acted like this we went down to the 11.47 range. I will be keeping an eye and evaluating for re-entry in mid 11's range

Komen:

*CORRECTION
MID 10'S RANGE BASING IT ON MAY EARNINGS DIP

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