Honestly, the cheaper the better, this is all going higher soon enough! Unless you are scalping and trying to find a bottom!
I considered picking up some shares @ 12.00 today but i chickened out. Im still holding 100 shares from the day before ER.
Obviously could go either way but a .50 X 3 P&F Chart just flashed a double bottom breakdown - could we see lower here? @Onepoint272 ?
Haven't pulled the trigger on buying back quite yet. Was in class when it dipped to the $11.30s. Will buy a little more than I normally would at these levels
Interesting articles/discussion: CNBC's Jim Cramer attacks AMD shareholders, declaring 'the party is over' for the company.. despite AMD reporting its best earnings in 6 years, forecasting 25%+ growth and having just announced the world's fastest premium laptop chip, hours before his show. https://www.reddit.com/r/Amd/commen...cks_amd_shareholders/?st=J99VZ02W&sh=586ce85e Top Fund Manager Buys AMD On This Pullback https://www.forbes.com/sites/kenkam/2017/10/27/top-fund-manager-buys-amd-on-this-pullback/
Good stuff, I haven't looked up any numbers, but AMD has always been a heavily shorted stock. When the bears see any small chance to try to ride the wave down, they'll push it down until resistance is met (support for the bulls). To me this pullback is WAY overdone, and completely obviously will return back to at least where it was before dropping after the positive earnings report. The pullbacks are quite painful in this stock, and have been for a year now. However, the ride up/short squeeze happens over and over on every pullback. If you did short this down, to me it appears it can't go down much further at this point. Obviously I could be wrong, this is one of the heaviest shorted stocks in the whole market, but the good thing about a stock being shorted, is the ride back up is very fun. Take that all with a grain of salt, I'm an investor in AMD and have been for some time, so I'm also biased.
Being a bagholder sucks. But, as long as this isn't your only game then it's ok. Zero doubt the price will rebound. Patience is money.
AMD shares crater after Morgan Stanley warns cryptocurrency mining chip demand will be cut in half. Morgan Stanley reduces its rating for AMD shares to underweight from equal-weight, predicting cryptocurrency mining and gaming console demand for its graphics chip business will falter in 2018. "We expect cryptocurrency to gradually fade from here, consoles to decline, and graphics to be flattish," the firm's analyst writes https://www.cnbc.com/2017/10/30/amd-shares-crater-after-morgan-stanley-downgrades.html
Well, gonna be the long game with this one. It hit 15 once before mining was even discussed. Obviously Morgan Stanley just wants in cheaper, but their bullshit is so transparent.
Pulled the trigger at $11.00 maybe should've waited even a little longer. Will average down if it goes to $10.00.
AMD has dropped so greatly today. But I'm thinking about to buy some. Do you think there is a sense to do it?
