I'm not clear what "bear trap" or "deep support" means. This had climatic buying by the public leading up to the Dec 28th high whereupon the smart money sold the rest of their inventory in a trading range until Jan 11th. Then they stopped supporting it and left the sheep without a shepard. The public longs sold it off.
A bear trap prompts traders to place shorts on the stock or index, since they expect the underlying to decline in value. Instead of declining further, the investment stays flat, or slightly recovers. In AMD's case it give a nice pop from the low. There are different level's of support and when AMD was pushed down to 9.42 the big boys stepped in on what you might call a value play
"Buying or holding?" I bought in the mid-two's and a basket-full of calls last year. I took enough profits that I am running on free shares. "But do you have any evidence of a bear trap for AMD?". Just years of trading experience and the charts and L2 speak for themselves. With that are you buying, shorting, or just making observations?
Everyone expects a good ER in two weeks. I think AMD will report a loss for the quarter, because their GPU sales are naturally decreasing each month and they didn't release anything this quarter, made no big deals etc. And when they report the loss, the stock will dip. Then I'll buy low. What a master plan.
Thanks for the disclosure; that your principal is not at risk. So that's a yes on the evidence, okay. I thought maybe you had something more specific in mind. I'm waiting to buy but not until the volume and volatility subsides or there is some sort of climatic ending action. My downside target was $9.25 but this is not looking like it will be a shallow retracement. A normal 50% retracement of the larger move up would bring it down to $7. Obviously it would need to rest and build some cause between here and there to get that low. But 9.25 to 8.69 is looking more and more like it is in the bag. It now has 6 consecutive days under the 5-day MA with no sign of a diminishing supply of stock for sale. This could turn into an extended downdraft. Daily Sticks January 19th, 2017:
Analyst upgrades have stopped. pumpers have disappeared. bulls are eating humble pie. That means BUY, boys. load up.
AMD is one on most heavily shorted stocks. From my own observations most of time when there is a big drop on no news it is being shorted and most likely stops by the big boys are being triggered. As of yesterday AMD's short percentage of float was 13.36% or 86.62 Mil. In turn if they should beat on the 31st, there would most likely be a big short squeeze. I am not saying they are going to beat but this would be the scenario if they should do so. Regarding Level 2, I can usually (but not always) tell if a stock is being shorted. If I am uncertain I turn to probabilities of a said stock. I use basic charts with the Bollinger Bands and key indicators for entry and exit prices, support/resistance and if their is any gaps to fill on the way up or down. I am not sure I answered all your questions but good luck to getting a good entry price.
Thanks for sharing Tip. I think it might be a good thing for it to spend some time consolidating (building cause) before the ER and attempts the next leg higher. The next leg will have to propel it once and for all thru the top of the larger trading range at 10.24. That larger trading range dates back to the selling climax in November of 2008. If it can get above that 10.24 mark again and start making new highs, the Point and Figure objective would be about $60. But even if it retraces to $7 after the ER it would still be bullish longer term.
Odd to get a Buy reiterated on a Saturday. The second article is a good read from Jan 17th. Advanced Micro Devices’ (AMD) Buy Rating Reiterated at Summit Redstone https://sportsperspectives.com/2017...buy-rating-reiterated-at-summit-redstone.html Advanced Micro Devices, Inc. (AMD) Stock Bulls Bet on a Beat (Be sure to click on "Next Page" at end of article) http://investorplace.com/2017/01/advances-micro-devices-inc-amd-stock-bulls/#.WIOpDFMrKM8
Seven is a good number. I would buy it around $7....say $6.22, a test of the November low (the break into the last rally). Seven, a 50% retracement off the sub-$2 lows. Say six to seven, yeah, that's about where I want to buy it. I'd be crazy to buy it here....it's stretched like a dang rubber band up here. My barber and his 2nd cousin own it up here; they read the news and editorials written by the tipsters (not to be confused with tiptoptrader). Monthly sticks as of Jan 20, 2017:
The bottom line is whether AMD beats or not. With new contracts with BABA and GOOGLE I think guidance will be good not too mention if they inked a deal with INTC. If they beat I expect both gaps to be filled the last being at about 11.20 and if the beat is strong enough it should be able to break the upper BB of 12.50 in a number of trading sessions. If AMD does not beat I could see it dropping to the low 9's or the high 8's. These are just probabilities if it is a beat or not.
Yeah, well I no longer buy into that "bottom line". Sometimes it works the way you think, others not. Even before having over 60 ER seasons under my belt, I came to the conclusion that stock prices are more influenced by how Goldman Sachs or the other large capitalists are positioned than by the noise of an ER result. The ERs seem to be just a stage play, a three-ring circus, for the sake of the public; to provide them with an excuse for losing to the market masters (or winning in the case of a mark-up phase), so that they don't discover how the market really works and just keep playing the game without knowing the rules.
You can't argue that in the SHORT TERM the ER does affect the share price, whether or not you think it's fake.
Right, price moves after an ER, but I can't be sure what is reported means anything as to the direction of the move. Does the tail wag the dog? Do the ducks fly south because the leaves fall? When was the last time you analyzed the ER data in micro-seconds and made your decision to buy or sell? Nobody does that. The public makes their fractious decisions based on fear and greed (price movement) even though they say it was based on some theory they had about the company's performance. After an ER, the market moves and the so-called reasons for the move come after. The very largest interests run campaigns and they have access to better more intimate information. They lead and the public follows. The big interests need the public, the public is their field from where they harvest dollars. So, the price will move in the direction where they can harvest the most money....without compromising campaigns in a larger time frame. No doubt price moves after an ER, but the direction of that move does not necessarily correlate to what is reported. Sure fundamentals matter in the longest time frames, but for one ER I think its more important to ascertain how the big money is positioned. The only way I have to do that is from the chart and sometimes it is not so clear, but then I just stand aside.
As we get closer to the ER it appears the bulls are making their case as the shorts back off some. Intel, AMD, TI Among Beneficiaries as Chinese Lending Spurs Chips, Says BlueFin http://blogs.barrons.com/techtrader...chips-says-bluefin/?mod=yahoobarrons&ru=yahoo THE ADVANCED MICRO DEVICES, INC. (AMD) STOCK RATING REAFFIRMED BY CANACCORD GENUITY Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a note issued to investors on Tuesday. They currently have a $13.00 target price on the semiconductor manufacturer’s stock. Canaccord Genuity’s price target suggests a potential upside of 16.07% from the stock’s previous close. http://dailyquint.com/2017-01-23-ad...stock-rating-reaffirmed-by-canaccord-genuity/
There's Too Much Optimism Around Advanced Micro Devices Inc (AMD) Stock Now $AMDhttp://bit.ly/2iZ3Bkq But can they pull off a similar feat in 2017?
