AMD recovers somewhat after profit warning hits price

CHIP FIRM AMD (Advanced Micro Devices) saw its share price drop by over $2 after it issued a profit warning late last night.

It opened the day looking like a bedraggled dog, but recovered somewhat, late in the day, to show it edging upwards.

Right now its share price stands at $18.13 but had dropped as low as $17.66 during the day's trading.

And, talking about day traders, does anyone else get the feeling that when we see this sort of rise and fall, it reflects crazy volatility in the market that doesn't really reflect the big institutional holdings?

Apple (tick: AAPL) dropped $1.38 during the day, but at $94.42, appears to be weathering the Jobs' storm.

Intel (INTC) was up on the day, standing at $21.95. Perhaps it is time the day traders found the financial analysts, who act like cocks on weather vanes and point whichever way the wind blows, and put them in a plunge pool.

At least by following whichever way the wind blows, the financial analysts are better than British weather forecasters, who talk cock and bull, knowing that if they report no hurricane happened, after the fact, people will just breathe a sigh of relief. And gaze, somewhat cynically, at their 500,000-inch LCD TV. µ

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