Retirement Income

Stocks and Options

July 23rd, 2008 at 12:36 pm

Advanced Micro Devices, Inc. (AMD) - Sold Aug08 Calls

On 7/21/08, I sold 2 AMD Aug08 5 Calls for $22.50 in my taxable account.  I now own these AMD shares at 16.70.

Just like some of the other stocks I own, I continue to chip away at my basis and will someday these shares will be called away.  AMD is something that I should not own because it does not fit my general investing model which includes paying dividends.  My recollection is that I got involved with AMD as a result of a Jim Cramer show a couple of years ago.  I have learned to be a little more discriminating when listening to Jim.

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