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Reload Advanced Micro Devices, Inc. (AMD) Stock on This Dip

Advanced Micro Devices, Inc. (NASDAQ:AMD) recently tried to breach $15.50 for the second time in five month. It has fallen 20% since its last attempt just two weeks ago. Yet AMD stock is still up nearly 100% in 12 months. So I don’t write it off as a loser.

Reload Advanced Micro Devices, Inc. (AMD) Stock on This Dip

Fundamentally, AMD is not cheap especially when you compare it to its long-time rival Intel Corporation (NASDAQ:INTC) which has a 16 trailing price-to-earnings ratio while AMD still is looking to deliver any profits. But the story for it has new elements that we expect will be fruitful in the future and therein lies the support.

That’s right. Today I am not betting on higher prices. I merely want to risk a little to bet that recent support will hold. This way I can generate income from what has already happened and with no money out-of-pocket. The only risk I bear is that I am willing to buy AMD stock at a lower price than today it is...