I am willing to admit that a technical person is capable of drawing the conclusions that both you and Ephud seem to have reached.
However, many times in AMD's past they have been in much worse a position than they are in now and they have survived.
My basic question to Ephud was why he felt that this time was different from the historical lows and why he changed his analysis of the stock.
When AMD was producing K6, they had virtually 0% server market, no discrete graphics, no chipsets and Intel had a better product at almost every price point, but, they didn't file for Chapter 11 then, and I'm of the opinion that that won't happen this time either. Historically speaking, this price point has always represented a great buying opportunity and the only thing that would change that IMHO is bankruptcy.
I believe it will be a dog fight from here, but, I plan on averaging in each time AMD halves, so, my next buying point would be 3.50 if the stock gets there.
I don't recommend anyone bet the farm, but, if you've got a percentage of your portfolio set aside for potential flyers, then, it has never hurt anyone to buy at these historic lows...