Friday, November 16, 2007
AMD
Several months ago I got ambitious and decided to buy some stock. Admittedly it was my first time and I only bought $200 worth but we all have to start somewhere. Today they announced that a company from Abu Dhabi bought $600 million of new shares. I have a hard time getting to excited about that. As of September AMD has lost $1.6 billion. The good news is that even before the new cash inflow they are still pretty liquid. And it could always be worse. I could own stock in GM.
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2 comments:
so when are we going to reap the reward of this stock?
Its now at about half the price I bought it for. I guess it was some "irrational exuberance" on my part. Next time I guess I'll just buy tulips at least they are pretty.
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