Hey dikwad, there has been a perpetual 90-100M shares shorted on this pig for the past 2+ years...some cover, others gladly take their place.
And guess what..this has not stopped AMD's freefall from the 20's to the 2's.
In fact, if I was currently considering a position in AMD, I would take this fact: a $2 share price coupled with a high short percentage of outstanding, as a BIG red flag that there is something broken with this company.
And when the short interest is 5x the avg trading volume, yet another great indicator that the gig is up at AMD.
In fact, the shares short has actually increased 10M shares month over month...again and again, yet ANOTHER red flag for you!
And guess what? These shorts have been RIGHT for 2+ years...that must really chap your hide, huh?
I have ridden AMD from 17 on up to 27 two years ago. Now that it has went down to a reasonable price. This stock is only going to go up. AMD will not fail, there is only one other competitor and AMD still makes good computer chips. I got out because of the merger and knew that they would lose money, but now they are so cheap that it would be stupid not to ride that train back up to 20+. FUSION all the way!!!
Next turn is to manipulate them up my guy, and you can sit on your red flag....deep deep, because this stock will go north... There is a big difference between 20 and 2 $ you @ Big Shorts was also decreasing 10 mil shares last month before other idi@ts like you sold them shares, going short, helping them to cover cheap at this level........