Not saying you may not get your profits before AUG 26, but it is best to buy calls on a decent pull back. It was expected that AMD would have a pull back coming soon.
From what I read AMD may be continueing the run from acquisition speculation. If there is no acquisition shares could go back to the way they were and have a normal pullback...Stay tuned...TTT
Now that AMD blew through my short term price target of $7 itis time to for a new target. Looking at a 5 year chart it appears that it could be smooth sailing to $8.40. I am going to make this a short/mid term target because it may have went up today due to acquisition speculation. I am sure there was been some offers but most do not pan out. There was one on AMD in 2015 when AMD was almost down for the count. If some company with deep pockets like a Apple wants to buy I would be good with a $10 to $14 exit price and maybe some shares of the said stock. With that the Short-Term/Mid-Term target is $8.40 and the long term target is still $9.75
Overdue pullback this morning and not too drastic currently AMD launches £7,600 GPU with 1TB SSD storage attached http://www.theinquirer.net/inquirer...es-gbp7-600-gpu-with-1tb-ssd-storage-attached
Hey all, been lurking for a while around these parts. Made a decent amount of money selling my long shares of AMD around the $6.20 price, but seeing as how I'm still new to technical analysis and missed the $7.00 peak, I'd thought I'd ask when you think a good time to jump back in would be. I still believe in AMD as a long, as I have for years - but I consistently seem to sell before peaks and buy in the middle of, not at the end of, large dips. The rate of decline today seems to be slowing down, so I'm thinking it won't drop too far below $6.70/6.60.
Welcome aboard @MajZe on your first post That a hard call right now considering how hard AMD has run. If the markets get worse you might be able to snatch near 6.50 for a 1st tier buy. Right now it is holding pretty steady around 6.75. Busy trading right now try to give a better entry price later. To be safe you might want to look at the calls a month or so later out...TTT
Looking at the markets and strength of AMD that 6.75 might be a good entry point for a small 1st tier buy. What I call a foot in the door trade. Save the bigger money in case their is a bigger drop or average up if it start to run
It appears the 6.75 was a good bounce point. L2 has been picking up speed as I have seen sizable buys at the ask including one for 49K. A little buying and a little short covering
The mini- bounce was short lived but still gained 10 cents from it. Here is what is good about the drop today, it was on much lower volume than when it went up the last 3 days. Considering the run AMD has had it should have dropped much lower. It finished in sync with the market which is also a good thing. This does not mean it could not go lower as it is still overbought. I like the chances of a much higher price in the near term
With the broader markets down, AMD may be making the turn for continuance of the run AMD has built hardware at Samsung, could tap foundry for future products http://www.extremetech.com/computin...samsung-could-tap-foundry-for-future-products
In hind sight that should have been what I should have done. I traded in and out, well knowing that the 480x was going to be a huge success that would be the beginning of a trend higher. Hold those calls!
There has been solid inter-day consolidation in the 6.92/6.95 range with the markets getting hammered.
AMD has been trading a little flat since the last run and chart formation is like what we have seen before. The 7.75 bounce point is still intact and now the the first level of support. As Nasdaq is starting to turn green so is AMD. AMD RX 480, 470, 460 UK release date, price, features and specification: The Radeon RX 480 is a VR-capable graphics card for under £200 | AMD RX 470 and RX 460 now announced The AMD RX 460, 470, 480 graphics cards have been launched and are set to ignite AMD's red army in the budget GPU market. The cards are extremely affordable, will suit most gamers and have impressive benchmark results. We detail the AMD RX 460, 470 and 480 UK release date, price and specifications. http://www.pcadvisor.co.uk/new-prod...-470-460-uk-release-date-price-specs-3642524/
$6.75*** bounce point. Very little movement today. Only up/down a couple cents every time I have checked today. Hopefully some consolidation for awhile so the next push-up will have some push to it.
As AMD pushes for more sales in the mass market there is a bullish flag forming. Once the consolidation period is over I expect a break of 7.16 on the way to my Short-Term/Mid-Term target of 8.40 AMD Launches Next Salvo Of Mainstream Polaris GPUs: Radeon RX 470 And RX460 Are Go The company has officially announced the next Polaris price tier down its product stack, with the Radeon RX 470 and Radeon RX 460 targeted at mainstream gamers at even more aggressive price points. More: http://www.forbes.com/sites/davealt...-radeon-rx-470-and-rx460-are-go/#110080369b9e
Looking at the $7 strike price for Aug 19th the smart money is on the calls at 155 to 1 over the puts.It is always a good idea to check calls versus puts to get a sentiment for the underlying stock...TTT
For what ever reason the link does not on this bit of news Founded in 2003, COREX is one of the strongest names in PC gaming & peripheral distribution today. From 2012, COREX has redrawn the South African channel landscape by taking partners, system integrators, and resellers into an entirely new direction and benefitting from the enormous but untapped potential of solutions and application based computing in the vertical B2B market and the huge potential that these markets have to offer.
