I have new buy orders at $6.02, if it dare to drop all the way there. I dont see it breaking $6 support easily
The thing is it is still the same company that is gaining market share and expanding their footprint in China, etc. Because of the high short interest we are witnessing as you call it a bloodbath. What we need now is Lisa Su to pull another rabbit out of the hat, and create one big squeeze. I am hoping that David Wong from WFC can throw in his 2 cents as he has been a big supporter from the $3 range. I am in from the mid-two's so no problem weathering this out. I also have a bid in for the OCT 21 $7 calls
I am in from the low 4's, have taken profit a few times, and have added on some dips. This is still painful though.
3 Top Virtual Reality Stocks Facebook, Sony, and AMD are all great ways to invest in this growing market. ..... AMD (NASDAQ:AMD) is the chipmaking underdog that lost market share to Intel's (NASDAQ:INTC) x86 chips and Nvidia's (NASDAQ:NVDA) high-end GPUs over the past decade. But despite those headwinds, AMD is still well-poised to capitalize on the growth of the VR market. First, AMD's RX 480 was the first $200 graphics card which could be used for VR gaming. PC builds using that card, including the $600 example I just mentioned, knocked the price of "VR ready" PCs under $1,000. Nvidia recently countered the 4GB RX 480 with the 3GB GTX 1060 at $200, but AMD already established a first-mover's advantage in the low-end VR space. Robust sales of the RX cards could lift its Computing and Graphics segment, which posted a 14% year-over-year decline in sales last quarter. Second, AMD's semi-custom APUs power the Xbox One and PS4. That's because APUs pack CPUs and GPUs together in smaller, more power-efficient packages than stand-alone processors. It's a rare strength that Intel and Nvidia -- the respective leaders in high-end CPUs and GPUs -- notably lack. That strength boosted AMD's EESC (Enterprise, Embedded, and Semi-Custom) revenues by 25% annually last quarter, and upcoming upgrades for the Xbox One and PS4 should ensure that growth continues. If hardware makers start manufacturing stand-alone headsets that aren't tethered to mobile devices or PCs, they could follow the footsteps of consoles and use AMD's APUs -- thus widening its moat against Intel and Nvidia. The key takeaway The VR market is still in the early stages of development, and long-term forecasts might not be that accurate. But if you believe that VR headsets could become the next big computing platform after computers and smartphones, Facebook, Sony, and AMD could all profit from that paradigm shift. Read more: http://www.fool.com/investing/2016/...utm_medium=feed&utm_source=yahoo-2&yptr=yahoo
This is the biggest volume I have ever seen pre market on AMD. When I first got up this morning it was down about a dime and something turned it around even with futures down pretty big. It is too early to tell but this could be the start of a short squeeze. Just seen 250K go at the ask Tested: This all-AMD $650 PC proves VR-ready rigs don't have to be expensive http://www.pcworld.com/article/3117...-vr-ready-rigs-dont-have-to-be-expensive.html 7.8 Million shares traded so far
Yeah I saw that @leonx81 and wasn't to crazy about the pricing and probably due to the last 2 days of trading. Back down a 8 cents now maybe due to futures and from my L2 it is not selling but the shorts
Got it... And bounced off from $6 as expected. Let's see if it will be strong enough to deal with this market wide headwind
Bought the OCT 21 $7 calls No selling all shorts according to my L2, The biggest challenge right now is the markets and the semiconductor sector
And the bleeding continues today it appears. Hopefully $6 will be strong support and can hold going into the weekend.
The buyers are here I just saw 531K go at the ask as I type 200k at the ask but not moving the needle much
