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[TheStreet] Advanced Micro Devices (AMD) Stock Gains, Upgraded at Canaccord - Page 9

post #81 of 86
I won't rule out it tagging that upper trendline in the ~6 range but if the general market rolls over it could drag this with it and with weekly charts getting overbought a pullback seems pretty logical. I'd be all for buying a dip but will be waiting for much lower. Personally playing the short side looking for a potential bloodbath like we got at the start of the year shortly after tagging ~3.
post #82 of 86
Hate to say it but it does seem like shorting is the better option right now.
post #83 of 86
Quote:
Originally Posted by magnek View Post

Hate to say it but it does seem like shorting is the better option right now.

of course, with how volatile it is right now, any small transactions can net you a lot cumulatively.
post #84 of 86
post #85 of 86
Quote:
Originally Posted by Dargonplay View Post



I like AMD and all, but I think BearProfits is spot on, the only ones making gains in the following months will be Shorting Bears. I stand by what I said before, it might go up to 5.55$ on Monday as High of the Week before falling back to 4.8$ levels.

It was 4.32$ just yesterday, it rose up above 5$ instantly EXCLUSIVELY because of Canaccord upgrade, which changes nothing about AMD's current landscape. AMD is still bleeding/burning money and operating at a loss, next financial Q will be painful to see and AMD's deal with China wont really yield fruits here, most investors with shaky hands will instantly abandon ship and collect their profits.

At the moment AMD is overbought and it should correct itself within the next two weeks, Monday will probably be a roller coaster, also many investors have huge expectations for Polaris, the sole mention of 390 performance at release will put off many of them.

And no, I think Mark Hibben is a *Word you can't say here* but he's got a point.

Volumen is exploding, shaky hands, shorts, longs. Sit tight people

PD: Might come down to 3.9$ temporarily in the following months, everyone should use that window.

Just locked some profits today, looks like I was spot on, thank God thumb.gif
post #86 of 86
Quote:
Originally Posted by Dargonplay View Post

Just locked some profits today, looks like I was spot on, thank God thumb.gif

Taking your profit too early. I think you could leave that short on for the next 2-3 weeks easily. JMHO
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