"The company's full statement reads "This title is from 2007, so we are unlikely to devote any valuable engineering resources to this issue, which is most likely caused by outdated API modules." AMD is going to fix it: https://www.zacks.com/stock/news/287534/why-is-amd-stock-soaring-today
Up big in pre-market AMD Soars After Rival Intel Reveals Processor Flaw By Ian King January 3, 2018 6:37 AM CST Advanced Micro Devices Inc. surged in early trading after a report that Intel Corp., its only remaining rival in the market for personal computer processors, has a flaw in its products that makes commonly used operating systems vulnerable to hackers. According to technology website The Register, Intel has a bug that lets some software gain access to parts of a computer’s memory that are set aside to protect things like passwords. Patches to Microsoft Corp.’s Windows and Apple Inc.’s OS X operating systems will be required and the security updates may slow down older machinery, according to the report..................
....and the continued fleecing of the investing public. One only has to look at the charts of INTC and AMD to see how well timed the news release was....or how well timed the boyz set up their positions in anticipation of the release.
Nice bump in AMD here. Anybody guying a CPU over the next few months will be going for an AMD chip after the news that Intel chips have that flaw.
Everybody freaking out about a possible 5-30% drop in CPU speeds to fix this issue. From what Im reading, most people will probably not be affected, but we will have to wait and see. This is a disaster for INTC chips, and a bit win for AMD which may benefit from this screw up for months to come.
Quite the run the last 3 days. Great way to start the year off for AMD longs. The last couple days it opened and closed right around the same price, having a lot of action on both sides trying to push the stock their direction. Now sitting well above the upper BB and having trouble yesterday breaking through the 200MA. Entering overbought territory, so we could be looking at a minor pullback here, or ideally some consolidation before the next leg up. Well, ideally it just keeps grinding up anyways, even though there's lots of resistance to break through here.
Well here's the pullback I spoke of above. Down 3.5% today. This pullback OR consolidation was necessary though in order to continue the longer term push higher.
As you say, a pullback is necessary and should be bought I think. This may or may not be it though. There may be some more up and then down again. In order to print 3 down-circles on the P&F it needs to drop 3 boxes, or $1.50. I updated my Point & Figure to raise the anticipated support from 10.50 to 11.00 resulting in a stepping stone target of $38, still closely agreeing with the base count projection. It is nearly ready to go into the mark-up phase....Jockey will get another low-risk opportunity I think.
Paging @StockJock-e, sounds like Onepoint believes you have another buying opportunity here! You always say you missed it on this one
AMD made up the losses from Friday's drop and then some today on above average volume. Still having trouble getting back above the 200MA, however. We may need some more consolidation time here and could still see some small pullbacks before the next push up to 13+
Still got this gap to fill up into the $14's that was created back in October when the drop off started last earnings report. Earnings on Tuesday after the close will be interesting. I may close part of my admittedly oversized position before that. Made up a lot of ground after yesterday's losses, which held support at the 200MA. The midterm trend displayed by the 50MA has turned around and is now headed back up. Not sure what earnings will do, but I'm still a big believer in this one. Just might want to avoid some "gamble" in the short term on the earnings report Tuesday.
