AMD holds no such sway. It operates primarily at the low end of a dying market. Like RIM, nobody in their right mind would buy a company like AMD. There's nothing there. No pluck. No innovation. No future.
If for no other reason, it makes sense to buy INTC during this period of weakness because it declined, in part, as a result of AMD's second-quarter guidance slash. AMD's problems have very little, if anything, to do with Intel.
In a nutshell, you're not averaging down in NOK; you're speculating too soon. I am glad I came to realize that. You're hardly averaging down in AMD; you're catching a falling knife.
With INTC, however, you're buying a company that investors not only undervalue by the book, but on the basis of the type of vision and innovation we see from companies with much higher stock prices.
At the time of publication, the author was long INTC, MSFT and NOK.