As you recall, Amd took a 20 to 15 dive at Q4 report time. WS determined in its ultimate wisdom that Amd was worth about 15-16. The typical dead cat bounce slowly took place, twice rebounding and not holding 18.
Amd warned at that time that Q1 was not gonna look much different than Q4. Many indications show that to be true or even less optimistic.
Here we are at the 15.7 point again. If even the slightest hicup takes place, Amd can slip well below 15 this time. The Dow doesn't look great. The country doesn't either. Oil sucks. No let up in sight. The entire economy is underpinned by the high cost of trickle-up energy. Bush's spending is endless and SS could easily send us spiralling downward even farther and faster.
Anyone riding this baby down could be in pretty bad shape with so little upward potential, it's insane to hold.
The odds are heavily negatively biased.
Dual cores will surely save Amd from a outright disaster. However, anyone relying on MSFT's X64 or dual cores to jolt Amd stock has rocks in his head. Flash looks dismal for all of 2005 (Amd's words, not mine).
If you think Amd's sandbagging, you are insane. Amd has once more become quite mute - a historical sign of a big disappointment likely.
Take me for what you will. I enjoy blind optimists taking a beating.