Patience pays as usual. Finally took some profits with %30. I still have a substantial position, though.
Thought I would say hello after this closed above 8. Stumbled on this board, after making my first trade and seeking info, bought amd at $2.50 on the way down and considered doubling when it went below $2 but held off. Haven't sold a single share and bought more at $6.75 Just wanted to thank everyone for providing sane and rational thoughts on here, and good luck to all
Welcome aboard @Axe Effect and congrats on your first post. You and I bought similar except I bought on the way up in the mid-twos. Slightly after I bought the $5.50 and $7 Jan 20 calls and a basket full of other calls along the way. Good luck in your trading
The sentiment is still high a after the monster run as it's profit taking versus new buyers coming in. 10 million shares traded in 20 minutes. I still have a basket full of calls to sell when the time is right
I really want to sell and take profit, but I don't want to miss that next run. Seems like this has blown through each "round number $ amount (ex. $7.00)". Obviously won't be selling right now as it has just dipped quite a bit from the open, but we'll see where the day and week ahead of us takes us.
This may be why it's still trying to run AMD Zen SR7 Processors Coming January 17th, 2017 and Capable of 5GHz Clock Speeds Will AMD Zen processors be coming to market on January 17th, 2017? According to leaked slides from Asia, it appears that AMD will be launching their high-end AMD Zen SR7 processors first and in less than two months! That means we will likely see AMD lift the embargo on the series at CES 2017 in Las Vegas. The AMD Zen SR7 processors will be arriving first and prices will be starting out at $219 USD. AMD is expected to release the lower cost Zen SR5 and Zen SR3 processors in March 2017. Read more: http://www.legitreviews.com/amd-zen...ry-17th-2017-capable-5ghz-clock-speeds_188159
Heading back to today's highs. Maybe the profit-takers and shorts have gotten out of the way since this morning's dip?
Well I am down to 1/3 of my JAN 20 2017 $7 calls as I took profits for the 3rd day in a row. I have been tiering out of the long term calls and I still have all my JAN 20 2017 $5.50 calls even though I came close to selling 1/4 of those today. I also came close to filling on some puts but did not. Being away from the computer makes it hard to adjust my entry point. Like most traders I was expecting a pull back today especially with a weak market. I am guessing we will see that pull back, Monday or Tuesday. Looking at the chart there is a gap that could get filled at about 8.25. As strong as sentiment is right now there is a possibility the gap does not get filled. After this all calms down I would expect some kind of upgrade from the analyst's.
Retraction In my previous post I said there was a gap that could be filled at 8.25. That is totally wrong! I guess I had the upper BB confused with the price movement Nvidia, AMD Have More Upside Also mentioned positively in the article was Advanced Micro Devices (AMD). It has long played second fiddle to Nvidia in graphics processors, with a roughly 30% share of the market to Nvidia’s 70%. The company’s chief, Lisa Su, has an astute grasp of the machine-learning market and tells Barron’s she intends to pursue it with gusto. We think the cloud market is big enough for both Nvidia and AMD. At a recent price of $8.46, AMD has quadrupled since our story was published. If estimates rise, as we expect they will, the stock could have lots more upside. http://www.barrons.com/articles/nvidia-amd-have-more-upside-1479537693
Recent Insider Trading More insiders dropping large %'s of their shares, or should I say taking profit
After what we have seen there is no concern for insider selling. At least Anderson had a decent sell on Thursday. Insiders sell stock to diversify assets and is highly regulated and scrutinized. Insiders can only sell shares at certain times during the year, and when they do, they must acknowledge that they are not in possession of material, nonpublic information. Many insiders use planned selling programs as a means to ensure they do not violate insider-trading laws. Recently, various executives have taken part in insider selling activity for the stocks of Advanced Micro Devices, Inc. (NASDAQ:AMD), Facebook Inc (NASDAQ:FB), and International Business Machines Corp.(NYSE:IBM). Let’s take a closer look: http://www.smarteranalyst.com/2016/...-fb-international-business-machines-corp-ibm/
Only posting it for information, not because I think it means I (or anyone else) should be selling. Just FYI.
