Assuming we don't see a large pullback before the ER on the 24th, I'll be closing about half my position before the close on 10/24. A positive earnings report will be mostly priced in, and we've seen before with AMD a positive earnings report not even drive the price up because it wasn't "positive enough". I may close half out before then, but I'll have at least half closed by the close of 10/24 I'm 95% sure.
Sounds like a good plan. I am planning to take profits once it hits the previous high. GL to all longs.
This will open $14+ and close up big. If you didn't buy yesterday's dip no worries. $14 is still cheap when this is $17 next week.
Don't know how you came up with $17 but that is also the short-term upside target I get from a $0.50-box by 1-box-reversal point & figure count. My long-term upside is still $37.50.
Fantastic game. So difficult, but addicting. I have one chicken dinner to my name after 80 hours of gameplay.
Some positive news lately hope this ER would not disappoint us. A little teaser from yesterday, hopefully AMD is not sugar coating something bitter. https://twitter.com/AMD/status/922585485964439552 https://twitter.com/BrightwireInc/status/922535761278271488 https://twitter.com/AMDServer/status/922537330249994241
AMD Stock Falls on Lowered Sales Estimates, Despite Q3 Beat Shares of Advanced Micro Devices (AMD - Get Report) were sinking in extended-hours trading on Tuesday after the chipmaker said it expects sales to decline approximately 15% in the fourth quarter and sequentially, plus or minus 3%. Despite the lowered outlook, AMD reported stronger-than-expected third-quarter financial results following the market close. For the quarter, AMD reported adjusted earnings of 10 cents per share on revenue of $1.64 billion. Analysts were expecting adjusted earnings of 8 cents per share on revenue of $1.51 million. Shares of the semiconductor are higher over 25% year-to-date. https://www.thestreet.com/story/14357244/1/amd-q3-earnings-brief.html
I closed half my position as I mentioned above. I closed it earlier today at $14.25. Still have the other half down 11% after hours making me wish I closed the whole thing. Oh well, it'll go back up, just be another grind.
From a valuation standpoint, I think this stock is worth around ~17-17.50/share. It is getting close to where the margin of error becomes a factor.
Yeah. Was thinking of selling yesterday, but didn’t pull the trigger. Guess I’ll wait till it goes back up again slowly.
I'm still confident in the long term target of 37.50 based on the cause built during an 8 1/2 year-long base (beginning in Nov 2008). Mid-term, it is still in a trading range between 9.85 and 15.55. So far this current trading range has built cause for an upside to about 33.50 (from a $0.50-box by 3-box-reversal point & figure chart). I expect it could stay in this range until the cause built matches the 37.50 long-term target, which means that this trip down to the lows of the range should be the last trip down. Short term, there's an axis line at 12.62 and another line of support at 11.93. Daily vertical chart: $0.50-box by 3-box-reversal Point & Figure chart:
Sounds good, I will definitely be picking up some more shares at that level. I closed 2/1 of my position at $14.23 yesterday before ER.
