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$AMD - Advanced Micro Devices - Long to $5

NASDAQ:AMD   ADVANCED MICRO DEVICES INC
amd
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amd
AMD             is currently heading towards all time lows. We could see a bounce at $2.17 but I am holding out until we hit $1.80 and I will be looking to go long with a target of $5 - The all time low is $1.62 from 2008.

AMD             sales have been poor due to their arrogance towards supplying lower spec laptops/tablets with there processors, however, I suspect in time they will realise it is the only way to keep the company alive and this should boost supply. If rumours are to be trusted AMD             may begin to provide processors for mobile devices....we shall see.

This is a long term outlook.
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