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[FORBES]Rising PC Tide Lifts All Boats, AMD Stock Floating To $9 - Page 6

post #51 of 55
Quote:
Originally Posted by Alchemist07 View Post

Says the guy who has an intel PC, "should have been a bulldozer" thumb.gif
Anyway first rule of thumb is, dont take investment advice from a forum.
tongue.gif Having said that, AMD stock at $4 would have been a steal, at $7.50, still OK...personally I think it will go to about $9 based on their current performance, If trinity really takes off and all their console deals go through then potentially up to $15, but we wont know that for another half year.

First rule of thumb is don't invest more then you can afford to lose actually.wink.gif You should be absorbing as much advice as you can if you are planning on investing. What advice you choose to follow is up to you.

The point as I've tried to state in a thousand different ways is that there are literally hundreds of other much safer places that project much better long term growth then AMD or any other middling stock similar to it. Stick to the IBM's, pricelines and Mcdonalds and you will be much better off. For a guy making 60-150 thousand dollars a year that wants to start a portfolio taking risks in stocks like AMD is absolutely foolish.

"knowledge of the situation" as the guy earlier said would lead you to much better investments.
Edited by jtom320 - 2/29/12 at 10:17am
    
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post #52 of 55
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Originally Posted by linuxfueled View Post

Day trading is not illegal.

Well I go through Scott Trade. As far as I know if you are going through them you can't buy and sell the same stocks in a day. This was a few years ago when I really last checked the rules out. I'm not sure if it changed now. If there is a good site to day trade from let me know! Also Scott Trade and I believe most places have a fee for each trade.
    
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post #53 of 55
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Originally Posted by williamx View Post

Well I go through Scott Trade. As far as I know if you are going through them you can't buy and sell the same stocks in a day. This was a few years ago when I really last checked the rules out. I'm not sure if it changed now. If there is a good site to day trade from let me know! Also Scott Trade and I believe most places have a fee for each trade.

I think there are groups of stocks that some brokerages like Scott Trade or E-Trade don't let you buy and sell, or don't let you sell then buy a different (or similar) stock if it's within that group--and there's a waiting period until you can purchase that stock again. Not really a day-trading thing, and a lot of stocks don't fall into that section. But the idea "day trading" isn't illegal (that's basically how most people who get rich on the stock market do it), but to preserve order within a brokerage, they impose some sets of rules. Not illegal, just against their policies (and hence they won't allow you to do it).
    
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post #54 of 55
Quote:
Originally Posted by rusky1 View Post

They have nowhere to go but up really. They were that low lol.
Sent from my Galaxy Nexus using Tapatalk

This. Their stocks PLUMMETED the month Bulldozer was released and are now slowly climbing back up to what they were when 2011 started:
http://finance.yahoo.com/echarts?s=AMD+Interactive#chart1:symbol=amd;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Some people have really wild fantasies...
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post #55 of 55
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Originally Posted by guyladouche View Post

I think there are groups of stocks that some brokerages like Scott Trade or E-Trade don't let you buy and sell, or don't let you sell then buy a different (or similar) stock if it's within that group--and there's a waiting period until you can purchase that stock again. Not really a day-trading thing, and a lot of stocks don't fall into that section. But the idea "day trading" isn't illegal (that's basically how most people who get rich on the stock market do it), but to preserve order within a brokerage, they impose some sets of rules. Not illegal, just against their policies (and hence they won't allow you to do it).

Well that is good info. I guess after Scott Trade had rules that made it so I couldn't "day trade" or at least the stocks I wanted I got discouraged. As you said that is how you make money. I'm not looking for 10% over a year. It's my potential money and I want it now!
    
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