Bottoms Up
Hey folks,
Looking for a top stock that has been beaten up and is finally ready for a comeback? Well then, check out AMD. AMD has been enjoying the steady support of computer maker HPQ and now has DELL ready to get on board and use its processors. This of course spells more trouble for INTC. On the flip side, it could mean that AMD has bottomed out and is a good buy at current levels. Keep an eye on it for tommorow as the stock may open up a few points....
posted by Nick M. @ 7:16 PM
1 Comments:
Hey Carole,
Very true. AMD has been a consistant winner during the past year. With todays news, AMD can expect to run up and eventually form a base and from there, it can escalate to new heights when the new earnings figures (courtesy of DELL's contract) are added in. I already added a small position today in the low 34 range. Judging by todays high of the day close, there may be more action coming up on Monday as the markets oversold status will attract more institutional buyers.
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