I think it all depends on earnings today. Who's guessing what? I'm thinking small run-up before earnings today. Hopefully a beat, but more importantly positive guidance. I'm guessing we see $11 within the next few days.
Well there was a bit of confusion around this one as it was estimated by many sites that earnings would be 1/17 until AMD made the actual announcement. There are a few conspiracy theories going around as to why both AMD and Intel are reporting later than they usually do.
I'd be interested to hear some of those "conspiracy theories". Got links or quotes? Or quick summaries?
Only real negative news I found: AMD: Will Trump's China Trade Policy Push The Company Back Into Losses? Summary If a semiconductor trade war develops between the U.S. and China, AMD will lose substantial revenue, market share and profitability, and the share price will plummet, presenting an opportunity for a short. AMD would be hit harder than its main rivals, Intel and Nvidia, as 28% of its revenue comes from China. If U.S. tightens trade controls with China, AMD's two Chinese joint ventures could be unwound, slashing revenue. Trump's appointments of Navarro and Tillerson fan the flames of trade conflict, and their articulated positions produce real concerns for the company. The share price implications for AMD of a China trade war are not yet priced in. Source: http://seekingalpha.com/article/4037077-amd-will-trumps-china-trade-policy-push-company-back-losses
Yes and you get a lot of writers who are getting paid to write either positive or negative on a stock to...
You know since most of the world thought that earnings would be today... But its really the 31st It is going to be a problem for the stock when they don't see a earnings report posted. People who don't do there home work the way they should are going to sell.
I can't believe the drop from $12.xx to $9.8x on little to no negative news at all in the last week or so. Crazy drop, but quite the bargain price if you're still bullish. I added on today at $9.97.
I am going to wait for a little bounce, possible show of the support price, then buy some more., I think this could be a play by the big boys.. since most of the world thought earnings were today....And its not...Some will think there is something wrong....And sell.. forcing the price down a good setup for loading up on share by all.
As the blood bath continues I bought the FEB 3rd $11 calls. Volume at 2,061, a little higher than open interest. AMD now a few points away from oversold
I personally think this lingers in the $9-12 range. This was a darling of 2016. Time for consolidation and flippers. Justcan opinion