You got in a bit after me (I was in in the 4's after being persuaded by TTT), but you held a lot longer. Sold it in the mid 30's I believe.
I learned my hard lesson when I sold half of my NVDA position at around $50. Will hold on to my AMD, NVDA and TSLA shares until my retirement.
The market will sway back and forth with semiconductor companies. I have learned from buying and selling, that they all eventually go back up. Trying to time the market has only beaten me. Trying to sell, then buy back later, at a lower price, didn't work for me. Now I want to buy back what I sold, and the price is higher. Lam, Intel, Applied Material, Taiwan, AMD....All good companies which I want to hold now.
AMD shares up 6% AH to ATH, perhaps smart $$ transferred from INTC to AMD. Intel offers disappointing Q3 earnings guidance as it delays next-generation chips https://www.cnbc.com/2020/07/23/intel-intc-earnings-q2-2020.html
Really thinking about unloading some here. Since the stock was around $17 I've thought about unloading but really haven't at all, just buying and selling, even when the price is above my valuation...definitely suffering from an endowment effect. Partly it is because between $2 and $11 I got in and out so many times, before finally getting back in at 11 and mostly holding since then (let a little go at ~$17) and thinking that if I had just kept everything at ~$2 I'd be better off.
Not do good for Intel. I own both Intel and AMD. Plus others . My own basket. Solid companies in the chip business will all do fine in the long run. Taiwan also jumped.
I haven't really done a post-COVID evaluation of either company. I have a much smaller position in INTC (7500 shares at ~36; held consistently). With the recent drop, Intel is under my pre-COVID evaluation of $54, but AMD is decently over.
ATH, congrats to everyone! AMD pops after it raises revenue forecast for the year https://www.cnbc.com/2020/07/28/amd-earnings-q2-2020.html Q2 2020 AMD Earnings Call webcast: https://edge.media-server.com/mmc/p/89uym8te
See, all I'm concerned about is not adding more sooner or having sold whatever I did previously. Bad place to be in...
That is everything making money without me. I never bought a social media stock. I had no understanding of how those companies could operate free services, and make a profit. PTSD from dotcom era, where companies gave away whatever they offered to the end user, lost billions, and the stock kept rising. To this day, I don't own Facebook.
Chip companies in competition will drive each other higher. Everything in our future will use their products. Looking ahead, there will be at least one merger. As Taiwan Semiconductor gets bigger, 2 companies will combine to challenge for market dominance.
To justify this valuation, AMD would have to grow at ~45% for three years, while doing it very efficiently.
