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
Wednesday, February 13, 2008
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