AMD asks to double common stock to 1.5 billion shares - Page 3

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Well, after much thinking, I decided to put in a sell order. Only got $14.18 and will take a $2200 loss, but I decided that's better than hanging on and taking a worse loss. It also gives me the option of buying back in with the same amount of money later if the stock drops far enough to interest my gambling fever again.

Yeah, it drops to $7. Then I can buy back and double my holdings and if K8L, etc do well, I ride it up and make a fortune, less the $2200 loss of course. Of course, if the price goes up a bunch tomorrow, I'll be kicking myself.

I guess Jack likes babes.

Speaking of which, it'll be his 1st birthday on the TH forums on Thursday.

I'll say it now 'cos I'll probably forget later.

Happy Birthday Jack, and may you average over 22 posts a day for yet another year.

Thanks!

She's 7 weeks old now, but I'll tell ya, she still incredibly new to me!

lol,who are you talking to?

He'd better hope it's the silent version!

Congrats on the new arrival halbhh. Just remember: You can't use Norton if she gets a virus

Well, after much thinking, I decided to put in a sell order. Only got $14.18 and will take a $2200 loss, but I decided that's better than hanging on and taking a worse loss. It also gives me the option of buying back in with the same amount of money later if the stock drops far enough to interest my gambling fever again.

Yeah, it drops to $7. Then I can buy back and double my holdings and if K8L, etc do well, I ride it up and make a fortune, less the $2200 loss of course. Of course, if the price goes up a bunch tomorrow, I'll be kicking myself.

Did you ask what the deal was with AMD from a broker? Seriously sailer its good to find out the ins and outs before you do this selling thing.and it wont be till after the SEC decides to allow it that anything major happens.

Its safe to assume monday will dive like mad from selling,also if the sec ruling hits investors acrossed the board shortselling becomes profitable in the morning.

Call a broker in the morning and dig for info,If selling goes rampant it could cause a shortselling reaction as is usually the case and in options if youre willing to play by the minute,your loss becomes a gain on short selling.
Need more info before you do anything.But I cant disagree with the action,as I would likely cut at a lower loss as well,but I would likely have sold after the delays when stocks were slightly above 15 after your 14.60 buy in.Alot of volume will change hands monday.

My broker doesn't have any advice. He says he doesn't know what to think except the stock is likely to take a bad hit tomorrow. He also isn't sure what the market in general will do through the week, but that the AMD was my weakest position by far. He said to hold everything else. maybe I'll catch a wild swing down and buy back in. Don't know. Maybe I'll take a walk into the desert and talk to some coyotes. They might know more then I do.


My kid said sell and get out while I have the chance. He and I both got thrashed the past week in our portfolioes, but we're holding on to everything else. He thinks I should take the money and invest in some other stock completely. I should have sold a few days ago, but hindsight is perfect, isn't it? Of course, I know tomorrow is a gamble and I may have taken the wrong side of it. Can only wait and see.

For sure; it would be more feasible (but highly unlikely) that Microsoft is going to buy AMD so that they also have a PC harware division.

The Microsoft Radeon... Nup, doesn't work for me.

Ah, I love making up "what if" scenarios.

Yeah, she's the first, and it's pretty amazing to me, especially when she smiles at me.

While I don't disagree with your speculations regarding how these shares will be used, there is no SEC approval required to simply boost the total number of shares authorized. An SEC filing is really only required to issue shares and they don't really "approve" the shares even then, they only validate that all due diligence has been done and the shareholder vote was held and is valid.

Unless you mean Shareholder approval (as opposed to SEC approval). In that case, yes, this whole thing could swing on the vote. But at the end of the day, I think most shareholders see that paying down debt, offering options to employee's so they can keep building the next great CPU and building a warchest for the future may eat into equity in the short term, but are necessary for any chance of future return.

So I think the vote will pass easily. I have no idea what the institutional holdings are for AMD, but I KNOW those guys are reading the papers. And they have seen this done a thousand times and they have seen it work as well.

I hope it does work, personally.

AMD had more cash on hand, but les credit value. Nvidia has an a+ rateing, AMD has never had better then a B at best. Nvidia also needs a license to make x86 chips. Look deeper into Nvidia, that have 1bill on hand, simple becouse they reinvest so much of it. Look at the income they are produceing. If they bought AMD for 7 bill, they could get 2.5 b for ati. in q3 Nvidia made 820 mil. thats almost 1bill, and they did it in one quarter. http://phx.corporate-ir.net/phoeni [...] highlight=
true,thats revenue, and discounting what they make off of stock ownerships,and intrest in banks and such, lowers that alot, but just look at the record. They are a company on the movie, they have never, I repeat NEVER, has Nvidia shown a loss, they had the loan they took with BoA for startup costs paid off in 4 years, and it was a 15 year loan, when they expanded in '99 they took another loan, and paid it off in 3. If Nvidia wants AMD, BoA will write the check, even if they think its a bad move, they will write it, simply becouse Nvidia has proven that they will pay back what they owe, and before its due.

again, just a few days till we know,but until then, AMD stock is going to plummet

hmmm, the SEC can stop a company from issueing more stocks at a given time, if they think the company may be doing it for unethical reasons

lol, im not argueing any of this, i was just pointing out that the sec, can inded stop this from happening if they see fit. I know what powers the SEC weilds, and your right, its ungodly

My bet is the stock moves with the market, i.e. no abnormal downward movement.

57,000,000 shares were given to ATI shareholders for that merger.

I think they are doing it to have the ability to do future stock mergers and issue employees stock options, etc.

I don't think that they are so weak that they need to engage in a dilutative transaction to raise capital.

By the way if the situation was that dire for AMD selling first thing in the morning would be no help. Stocks seldom open at the previous nights close. So anyone thinking they could get out now is already screwed.

The SEC wields an ungodly amount of power.

That's very true, but they are NOT the "Consumers Union" for investors. They are there to make sure all laws are followed in the market for stocks, bonds, securities. Just because something is bad for investors (short or long term), does not mean that the SEC will step in. They could care less. But try to scam them......

essentially thats what i was getting at.

And my point as well. Dilution of a companies stock is NOT an act that the SEC considers illegal. While vague, the proxy stated precisely what this was, simply an authorization for doubling the stock shares. And that's just fine with the SEC. Drive your company into the ground on bad investments; That's ok, as long as you don't hide your stupidity from the investors.....

lol, ya, ive ben buying alot of AMD lately to,as it gets lower, ill just buy more, if a buyout occurs, ill get a good premium,or better stock in a stronger company, or both, and if one doesnt occur, then AMD will hit 16 or 17 again,and ill bank then, either way, im good

give it up JJ, no matter what facts you give people, they will argue that AMD is dueing fine, has tons of cash, and needs no help at all

Please don't say that......

This will only restart the "55% market share is a monopoly debate"!! (can't remember whose silly quote that was, though....)

Just kidding, by the way, you're absolutely correct.

tommorow has no variance in what will happen, as the shares cant be issued, until shareholders vote on it...and thats in may.

And what makes it non-preditory, and thus much worse for AMD, is that Intel did it without going below their costs and continued to make money while they did it.

So not much the FTC can do for them either. Cost advantages do not count as being "preditory". Unless free enterprise has now been ruled preditory.....

I'm actually very surprised that that particular individual has not yet made an appearance in this thread. 8O