Trading Advanced Micro Devices Stock - Bought AMD for Presentation
- 3/18 How Much I Lost
- 3/17 Sold SYMC
- 3/16 Sold GM
- 3/15 Sold MU
- 3/14 Bought GM
- 3/11 Sold IOM
- 3/10 Bought MU
- 3/9 Bought SYMC
- 3/8 Bought IOM
- 3/7 Sold WDC and MU
- 3/4 Bought WDC
- 3/3 Sold ELN and CRNT
- 3/2 Sold RSH
- 3/1 Sold AMZN
- 2/28 Bought ELN
- 2/25 Sold ATI
- 2/24 Bought AMZN
- 2/23 Bought CRNT
- 2/22 Bought ATYT
- 2/18 Bought AMD
- 2/17 Bought RSH
- 2/16 Sold SKE
- 2/15 Bought SKE
- 2/14 Bought MU
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Copyright 2005 by Morris Rosenthal
All Rights Reserved
Sometimes I get stuck on a stock and can't let it go. I've been buying and selling Advanced Micro Devices (AMD) since the 90's, having great faith in their products. At one point before the bubble, I had my entire IRA in AMD stock and saw the share price go from around $50 to $9. In that instance, I stood pat, and a year later I'd made it through the crash at break-even, so no complaints. Last year, I bought AMD at $3.50 and sold it at $7.00. That would have made a great war story if the stock hadn't continued rising at breakneck speed into the $20's:-(
AMD recently got within a nickle of $25, before a poor quarterly report knocked them down to $15 almost overnight. Recent rumors include the notion they may spin-off their flash memory business as being non-core. Nobody seems to remember that the blow-out earnings that got them started on their pre-bubble run-up were driven as much by flash memory for cell-phones as by Athlon CPU's. I bought 200 shares of AMD this morning at $17.13 after seeing a notice that they'll be presenting at an investors conference last week (big deal), but really because I wanted to get it back into the trading portfolio since it's such a hyperactive stock. It's a tough buy when money is hemoraging out of tech mutual funds at a rate of over a billion dollars a week, but I put on my salmon suit and went for it.
The one that got away today was Nvidia (NVDA). I saw it up 10% in pre-market, and figure I'd follow my Radio Shack strategy and buy it during the post opening drop. The drop was so steep that I missed it while I was fooling around with AMD news, so instead of owning NVDA under $27 (it's floating around $28 a couple hours later). Sad to see I bought that AMD within a penny of the high for the day, but at least I'm still beating the index funds.
| Symbol/Index | # Shares or Cash | Purchase Price | Day High | Day Low | Today's Change | Closing Price | Closing Value |
| MU | 500 | $11.54 | $11.79 | $11.46 | 0.00 | $11.50 | $5,750 |
| RSH | 100 | $30.14 | $30.04 | $29.18 | -0.44 | $29.49 | $2,949 |
| AMD | 200 | $17.13 | $17.14 | $16.78 | -0.16 | $16.90 | $3,380 |
| Portfolio1 | $12,840 | N/A | -$81 | N/A | $24,928 | ||
| Dow Jones (DIA) | 230.251 | $108.45 | $107.82 | $107.20 | +0.26 | $107.74 | $24,836 |
| S&P 500 (SPY) | 206.254 | $121.21 | $120.48 | $119.90 | +0.10 | $120.33 | $24,818 |
| Nasdaq (QQQQ) | 658.241 | $37.98 | $38.14 | $37.43 | -0.10 | $37.37 | $24,598 |
1Portfolio balance is after all trading costs in SEP brokerage account with BrownCo