i bought some at 2.47 today. both long and shorts seem passionate about their positions. historically anybody that has bought at these levels in amd has made out like a bandit as long as they sold when the stock went higher. for shorts to continue to short at this level seems so risky especially with the recent microsoft news. maybe shorts are under water from shorting before the microsoft news and just want to cover at lower prices. i don't see earnings meaning all that much unless it comes in way worse than expected. the conference call should be interesting. the people buying this are focused at least 6 months out.
AMD's history is nothing like its future. The jig is up. AMD has no hard assets and a credit rating just south of Lindsay Lohan's. It's been forced out of serious business and into the toy business. Which it is about to get creamed at because the toys they got into are being attacked by cheap knockoffs that anyone can make. There is no retracement pressure for this company, and no demand pressure other than blind faith.
Guessing and hoping are not an intelligent investment strategy.
Hope this helps.