Wednesday, February 13, 2008

AMD - Looking Very Constructive

AMD confirmed its bottom today with the higher high and higher low. (Aggressive Confirmation)

Aggressive traders can purchase half their intended line right in here with a protective sell stop just below the most recent lows.

Conservative traders can wait for a pullback of sorts before entering on the long side.

You have the option of purchasing the stock outright, or purchasing call options.
If you choose the call option play, I would purchase the April $7 Calls, which currently are .75 by .77

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