BATS:AMD   ADVANCED MICRO DEVICES INC
1213 20 26
Advanced Micro Devices             AMD             reports earnings after the market close on Thursday, April 18th 2013. CEO             Rory Read has been making big deals happen for AMD             . Last week AMD             secured a deal to make chips for next years Microsoft             MSFT             XBOX.

For those of you not interested in gaming, like me , what might interest you is the fact that Kinetic is developing in to more than just a gaming console. Kinetic is turning into a synthetic telepathic training tool. Much like what we watched in the movie Matrix when Neo             and Morhpeus boot up instructions on how to do just about anything. Although, Kinetic won't be hooked up to our brains, synthetic telepathic training will read each individuals, voice, facial-body movement as well monitor our pulse to best predict thoughts and actions. Sounds scary. However, this is what will help us learn much more rapidly.

AMD             chips will play a huge role in this development. AMD             will also be powering HP             Moonshot servers. The servers will use AMD’s Kyoto CPU             .
http://www.amd.com/us/press-releases/Pages/amd-names-rory-read-ceo-2011aug25.aspx


Chart

As far as the chart we are looking at a half moon rounding top pattern. The fact that we are near the bottom while we base for a half moon rounding top, infers that this pattern is bullish . However, you should put a stop just below the last low in case we do a full circle and bounce later on. Also would have to give props to @nmike for lessons on Fisher. Both the 100 and 34 are in a half moon set up. Did some scanning on my own and found this to be very bullish . CMF             is another indicator tool I like to compare with other divergent indicators and the money is flowing back in AMD             .

Rounding Top: Identification Guidelines


Rounding tops are large enough to appear on the weekly or daily chart .
Upward leading to the chart pattern.
Rounded turn Prices form a gentle curve, a half moon shape.
Volume is higher at either end of the pattern often giving volume a rounded, U-shaped, appearance.
A close above the highest high signals an upward breakout. Downward breakouts are a close below the right rim low.

Measure rule: Compute the height from the highest peak in the pattern and subtract it from the right rim low downward breakouts to get a target price breakout
Support: The two rims are support areas.
Height: Tall patterns perform better than short ones.
Volume shape: Patterns with U-shaped volume outperform.
Breakout volume: Heavy breakout volume suggests better performance.
Yearly low: Performs slightly better when the breakout is within a third of the yearly low.
Gaps: Breakout day gaps tend to push price further than do breakouts with no gaps.

http://www.thepatternsite.com/roundingtop.html


Short Interest on AMD             is near 15% of the 498 million shares of float. Data provided by Capital IQ

** If AMD             were to report less than expected and CEO             Rory Read mucks his 2013 forecast, the share price would probably quickly revisit the 52 week lows. However, this would make this investment much more sweeter. I do believe in the comeback story for AMD             . Make sure you put in a stop just below the last established base at or near 2.25.
AMD To Post Another Difficult Quarter With Dismal PC Sales

With $5.4 billion in sales, AMD (AMD) ended fiscal 2012 with a 17% decline in annual revenues and marked its fourth consecutive decline in quarterly earnings. Additionally, as intense competition in a slow market put pressure on gross margins, the company suffered a net loss of $1.18 billion in 2012.

Macro headwinds and weak demand for PCs created a difficult selling environment for chip manufacturers, such as AMD, last year. In addition, internal factors such as a change in leadership, a temporary manufacturing glitch and a slow response to rapidly changing consumer needs further reduced investor confidence in AMD, which led to a decline in the stock by more than 60% last year.

In Q3 2012, AMD announced a restructuring plan in an effort to strengthen its competitiveness and better manage its expenses and cash. The introduction of new product offerings, leveraging growth in adjacent markets, lowering operating expenses and reducing inventory will be AMD’s key focus areas in 2013 as it aims to return to profitability by the second half of 2013.

AMD is set to announce its Q1 2013 results on Thursday, April 18. Keeping in mind the drastic decline in PC sales last quarter, we do not expect Q1 results to instill much hope. Nevertheless, we believe that the company’s restructuring initiative could help it turn around its business in the future.

PC Sales Remained Sluggish In Q1 2013, Declining Shipments In 2013

The slowing enterprise market, consumer softness in mature markets (the U.S. and Western Europe), slowing demand from emerging markets, a weak reception for Windows 8 OS and cannibalization by tablets and smartphones are the main factors leading to the slump in the PC market. PC sales declined marginally in 2012, and research firm IDC estimates the downward trend to continue this year as well.

Global PC shipments witnessed the sharpest quarterly decline (13.9% y-o-y) in Q1 2013 in almost two decades. Though IDC estimates a revival in demand in the second half of the year, we maintain a conservative estimate for PC shipments in the future. Nevertheless, with improving macro conditions, increasing demand from emerging economies and the introduction of new convertible and hybrid designs, we forecast the rate of decline in global PC demand to drop in the future.

We are yet to update our AMD model with the latest PC sales figures. This could be one of the variables where we differ from the current market price.


http://seekingalpha.com/article/1344991-amd-to-post-another-difficult-quarter-with-dismal-pc-sales?source=yahoo
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Adobe, AMD bring OpenCL support to Premiere Pro

A big deal?


Since last year, Adobe Premiere Pro has supported OpenCL acceleration on Mac computers. Now, Adobe and AMD have announced that they've brought OpenCL acceleration to the Windows version of the video editing suite.

This time, AMD says all of its A-series APUs are supported—as are Radeon and FirePro graphics cards. The OpenCL acceleration purportedly enables "real-time edits, application of dozens of effects, support for the new Lumetri deep color engine and multi-stream and mixed format accelerated workflows with AMD Eyefinity multi-display technology." Video formats up to 4K Ultra HD are supported.

The performance improvements are, of course, substantial. On an A10-6800K processor with integrated graphics, AMD says OpenCL acceleration yields a 4.3x speedup when one applies a three-way color corrector filter to a 1080p video and exports that video to iDevice format. The quoted processing times are 46.6 seconds with OpenCL enabled and 246.1 seconds without.

Even greater improvements are in store for users of AMD's FirePro professional graphics cards. AMD outlines some examples in this blog post. By the looks of it, FirePro GPUs don't just speed things up over plain-old software processing; they're also quite a bit faster than Nvidia's competing Quadro GPUs. AMD says it's "kicking the butt" of the Quadro K4000 and K5000 in particular.

So, when can you lay your hands on the OpenCL-infused Premiere Pro for Windows? AMD isn't saying, but it mentions that testing was conducted on "a pre-release version of the next Adobe Premiere Pro." Given that Adobe releases new versions of Premiere Pro roughly every year around April or May, I'd expect the new OpenCL goodness to show up in Premiere Pro CS7 some time soon.
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LAST Quarter Transcripts .. maybe Rory will hold back on any optimism this quarter. Key words "several quarters"

Thank you, Ruth. We made progress in the fourth quarter delivering on our commitments, managing expense and cash, and beginning to transform AMD for long term growth and profitability. However, full year results fell short of our expectation, as the challenging macro-environment resulted in a weaker than expected PC market.

As I mentioned on our last earnings call, we are executing a turnaround that will take several quarters. We expect continued choppiness in the PC market in the first half of 2013, and we will closely manage the business as we reset, restructure, and ultimately transform AMD.

We have the right strategy and a new set of products coming to market in 2013. We continue to make the investments required to drive a larger percentage of our revenue in the high-growth adjacent markets: dense server, semicustom, embedded, and ultra-low power client markets
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Broke through the lower descending parallel resistance. Has happened before on the daily, and weekly, but has never held through the following week.

Watching closely
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Looking Good Today .. Doubt the speculation was over an Intel takeover.
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littleriver QuantitativeExhaustion
3 years ago
Nice candle with huge volume. Great call!
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QuantitativeExhaustion PRO littleriver
3 years ago
Thanks
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OptnTradr QuantitativeExhaustion
3 years ago
Thanks for the setup
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QuantitativeExhaustion PRO OptnTradr
3 years ago
Yeah.. Big money maker
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AMD second quarter earnings, so far the best option play of the year for me. I am again eyeing up AMD for a big pop. Many people use AMD graphic cards for 3D image rendering, and virtual currency minning. AMD has taken over the high end GPU market, and will soon have the entire sector to themselves. In the foresable future AMD will be leading us through the broadcasted hologram technology boom.
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Been eyeing up my AMD play for Jan. 21st earnings play. Looks like a resistance line is coming in view prior to earnings. After earnings could carve our a very quick downtrend to 2.70 area.
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QuantitativeExhaustion PRO QuantitativeExhaustion
2 years ago
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A bit more details for technical thoughts on future stock price
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QuantitativeExhaustion PRO QuantitativeExhaustion
2 years ago
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syungmao QuantitativeExhaustion
2 years ago
Have you decided how you're going to play earnings?
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wavestock
2 years ago
Very Nice!
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AMD has been building up support for several months towards an eventual breakout. A possibility of a eventual major product release, analyst low balling earnings estimates for upcoming third quarter and lastly (which might not happen till early next year) joint OEM partnership with Google, Apple and Microsoft.
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Ascending Triangle Pattern Breakout
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Noticed this divergence on daily/and weekly
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