Take a look at historical volume on and shortly after the past several ER dates.
If, for whatever ludicrous reason, all the shorts wanted to cover, they could do it in a couple of days.
But they don#$%$ the longs that keep capitulating when their misled hopes are destroyed by the realities in AMD's reports.
Get your shares while they're warm. Just don't ask how they got warm. You don't want to know.
Note: that "increasing sales volumes" is meant to say also "leading into AMD earnings".
It's the busy season.
Define "trapped." Because, as I have done for the past 10 years, I am INCREASING my sales volumes. As has happened for the past 10 years, I am stuffing AMD "investors" cash into my pockets, and handing them back gum wrappers with "AMD" scrawled in crayon. Sometimes misspelling it for fun.
I have and will continue to sell. I am not trapped, I am earning a fantastic living from one of the surest sources of free money on the planet.
And, just as surely, I will never have to cover.
He can be given a job raking trash at the dump. He's better neither seen nor heard.
These are numbers. AMD is selling really old, near-zero margin cards in what can only technically be called "volume", and new, expensive cards in tiny quantities. If they're supplying OEMs at all, it's in a highly constrained supply due to massive failure to make the product reliably. That will raise the G&A for the product line mercilessly. That certainly wasn't their plan.
Q3 is going to be a bloodbath.
He didn't expose anything, and the fact that 130 million shares are short only means that this stock is junk. That short interest will go way up when AMD finally capitulates.
How blind are you that you think this is the only thread on this board?
AMD doesn't make money in graphics. That should tell you how bad a company AMD is.
I recommend shorting it. With people like these pumping it, it's going down the toilet for sure.
nVidia has had Pascal silicon for weeks now. AMD? Still looking for its lost fabs.
There may be some shorts covering. If so, they're just buying shares I'm shorting.
I will never have to cover.
What does Ken Luskin/amdtripledigits/shooting_an_elephant have to do with AMD?
I have plenty of facts about AMD. Never lied once. Only 100+ million shorted means hundreds of millions more yet to short. Every one of them putting cold, hard cash into my pocket at a premium price.
I will never have to cover.
The only thing I'm anxious about is that my shot position isn't large enough.
You keep buying, I'll keep wearing out my crayons.
"SUNNYVALE, CA--(Marketwired - Oct 8, 2015) - AMD (NASDAQ: AMD) today announced that it will webcast its earnings conference call on Thursday, October 15, 2015 at 5:00 p.m. EDT / 2:00 p.m. PDT to discuss the results of its fiscal third quarter ended September 26, 2015."
One week, suckers. Buy while you can. I have a fresh batch of gum wrappers stacked up and ready to ship..