AMD has had a tremendous run off this April’s lows, where it bottomed out around $9.00. Today, it’s trading north of $16. That’s a greater than 75% move in about 11 weeks. Wow.
But we have some very important technical and supply-and-demand reasons to believe the move might only just be getting underway. And we want to participate, but limit our risk in doing so. [Read more…]