Yes, I am very bullish on AMD. I believe it will be above $25 by mid-August. And, that would be an average performance of what it has done the last 4 times it has crossed $20/share. Also, AMD has never before been positioned so strong vs. Intel. This lawsuit will finally break the Intel monopoly...and AMD has the superior product, and extra inventory until capacity explodes with sales in 2006.
I don't feel very happy that you lost that amount of money, but I do feel happy about one thing.
Apparently you have "a very large" holding of AMD, which means you really believe in this company.
Thats a very positive sign.
Ok, threw some more fish guts on the wall for analysis.
Looking at the fractal-like splatter pattern and ignoring the Fibonacci sequence
that Hash would probably read into it, I'd say you are correct.
I don't see 21 happening today. However I see a highly bullish engulfing pattern
for the mid and long term. So, no $21 today, but it probably will do a large
run up within months.
"But I went out to early and want an opportunity to buy in cheap. Maybe I have to wait some time."
Maybe at Christmas time $20 will seem realy cheap in hind-sight?