Selling ATYT

Posted on October 5, 2005 , filed under Stocks | Print This Post

I bought 1000 shares of ATYT at $13.11 on June 20th, 2005. I bought another 1000 shares of ATYT at $11.48 on June 23rd, 2005. My average purchase price for ATYT was $12.29. Today I sold 2000 shares of ATYT at $13.40.

My profit was $2208.88 or 8.98%.

The stock has dropped over fears of ATI launching unavailable products with its Crossfire line of motherboard chipsets and X1800 line of graphics cards. I believe short term fears over ATI’s products reaching retail channels are warranted. Online reviews of the company’s most important product line, the X1800 graphics cards, have been favorable. Performance of the X1800 has been comparable or has surpassed in many instances, ATI’s main competitor, Nvidia’s 7800 line of cards. I expect ATYT to drop to low 12′s before products reach retail channels.

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