Yes, agreed on how an earnings call can pull a beat sharply down on analysts opinion of CEO's guidance. The other thing I am looking at is the purchase of over 7000 call option contracts at strike of $5.50. I look at that as a bullish sign. I'm going to play chicken with it this week and see if I do in fact chicken out before Thursday
Nine ball in the side pocket AMD Radeon RX 490 2016 release date news: Upcoming AMD GPU more powerful than NVIDIA's GeForce GTX 1080? http://christiantimes.com/article/a...erful-than-nvidias-geforce-gtx-1080/59076.htm
Feeling like they'll be on the high end of revenue estimate, and now's a good a time as any to raise that revenue growth number. Granted, they do have problems keeping their product on shelves. Wondering if it's an AMD problem in getting the product there? Perhaps it's a carryover from AMD having so little demand for years that retailers did not carry enough.
HP OMEN 32 WQHD Gaming Monitor With AMD FreeSync Technology http://www.guru3d.com/news-story/hp-omen-32-wqhd-gaming-monitor-with-amd-freesync-technology.html
This appears to be the driver today AMD on Watch After ARM Deal Although there isn’t any fundamental news concerning the company, traders are watching chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD) today after SoftBank agreed to buy ARM Holdings for $32 billion in cash. Given that ARM Holdings shares rallied by 43% on the news, there could potentially be some buying of Advanced Micro Devices shares based on relative valuation and pure speculation. 13 top funds in our system were long Advanced Micro Devices, Inc. (NASDAQ:AMD) as of March 31, down by three from December 31, 2015. AMD shares are up mildly in pre-market trading. http://www.insidermonkey.com/blog/why-these-5-stocks-are-making-monday-headlines-465256/
Thoughts on this rally affecting earnings? Did this rally limit the upside of earnings and price in a good earnings report already? I'm thinking a good earnings report with good guidance may now be a little priced in and it doesn't have much room above in the short-term if there is a good report. Seems like a lot more risk with earnings than reward. Anyone else have a different opinion?
The pop today has nothing to do with earnings other than guidance from Lisa Su. If your worried consider taking some chips off the table. Currently trading at the HOD ($5.50), 2 cents from the 52 week high
I wasn't assuming that the run-up today had anything to do with earnings, but simply wondering could the 7% gains today limit the upside of a positive earnings/guidance. If the risk at earnings is much larger than the positive reward that could come out of earnings, it would make sense to close half/most/all of my (or other's) position.
As earnings is 3 days away much depends on if there is a pullback before then and if not how overbought AMD is. Considering how high the volume is the buyers are not done as we witness a short squeeze. New 52 Week High
I'm watching action on AMD tomorrow and will take profits. I'll still congratulate anyone who successfully holds through earnings. I may be helping those of you who stay in because if I do not get out I can almost assure you of a gap down. The gods just seem to be against me holding growth stocks through earnings.
I have been waiting patiently to confirm a breakout from the pennant. It has been successful now in calling 2 breakouts. The next two charts will show you a price target and historically where AMD has topped in the last three runs using the RSI. Today's run was un-expected and the buying of ARM holdings by Softbank was supposed to have a positive impact on NVDA and INTC but NVDA only gained a half percent and INTC was down slightly. AMD gained strength towards the bell and it appeared the buying was not done. I forgot to pencil in the next price target, it should be $5.80 This and 50 cents may not buy you a cup of coffee but I call them like I see them.
Decided to protect and stay in and see how it goes. Submitted a GTC stop loss at $5.25. Still profitable but not as...
