Yeserday the stock for Advanced Micro Design (AMD) dropped more than 25% in value in a single trading day. This means that I lost more money yesterday that I earned working in all of 2004. Oh well, its only money. I'll get it all back in a month or two.
Wednesday, January 12, 2005
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2 comments:
I haven't looked into why AMD stock tanked but unless this has something to do with there Dreden plant being blown up or the company having patent problems then now is the time to sink alot of $ into AMD stock. The price crash might be bad for the holders of stock but it could be a big boon for buyers.
I looked into it, basically they reported significantly lower than expected earnings. Not sure why it tanked though, they do that pretty much every other quarter, and it surges in the other two quarters when they end up reporting significantly higher than expected earnings. I'd buy a few hundred extra shares right now if I had extra money to burn, but most of it is already in stocks, mutual funds, and bonds.
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