I am not an expert in stock trading but I can see huge blocks of short were shorted around $5, somehow they have to buy back, they have not done so yet. Any advice?
Calls for a short squeeze are completely inappropriate.As of Oct 30, there were only 45 million shares short. That is less than 1 1/2 days average volume.Also, given the big move since the Intel settlement, the stock is sitting on new highs which would allow shorts to enter brand new positions at prices much higher than $5.
uh...i think they already did this morning!! otherwise, why would this POS move up today? Glad to see the panic short buy to cover to create a better short position for people on the sideline. I'll see the rest of you at $5.50 in 3 few weeks.
How about we both came back to this board on Dec 9 which is three weeks from now to see the price of AMD? Let's see if it drops to $5.5.