You don't have to be first to be a winner. That was the thesis of my purchase of $10 Jan2012 calls on AMD yesterday. They just need to keep their market share and their price should rise with the market. Upside is, if their GPUs do what they intend to, they could gain market share and open up growth opportunities. Equity investors love growth opportunities. Stock price doubles and I slam home a 10-bagger. There has to be a 10% chance the price double from current levels for me to be happy here, and at the moment I'm a happy camper.
disclosure: The future is bright until you have lost all your capital. These posts are for my future credibility as an asset manager. I wouldn't follow a noob and neither should you.
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