Once it went above 12.50 it had used up its cause but public greed was sustained and there was an opportunity for the smart money to take profits on large positions. Now the public needs to be shaken back out by getting them to sell at lower prices. It appears there is only enough short-term cause for a move to the $11-area if they don't decide to support it in the $12 area.
With the need to shake the public back out of the stock at lower prices, who better to lead that charge than Goldman Suchs with a call-out to SELL and orchestrate a gap-down open on April 6th by selling to all bids down to 13.50 pre-market. Appears the supply of sellers is diminishing in the $12 area but volume did pick up on Fryday from the previous day and it did close low range for the day. Wait and see I think to find out if they will support it in here or probe lower for more sellers. That gap down cost them some shares that they have probably been able to buy back cheaper by now and then some. I suspect they can get more though. $13.49 remains the strongest price magnet with 225m shares traded March 17th and then gapped under on April 6th on 140m shares. If you can see it, manipulation is a beautiful thing, embrace it. Daily Chart:
Just in case you don't know who is Goldman Sachs, here is a good historical summary that the Corbettreport just podcasted last month: Similarities of Lincoln and Kennedy include that Abraham Lincoln opposed central banking and financed the Union Army with Greenbacks; money issued by the U.S. government instead of a central bank and that John F Kennedy in the summer of 1963 signed Executive Order 11110 which ordered the U.S. treasury to issue just over $4 billion dollars in silver certificates and coinage, enough to finance the federal government for the year without any interest due to the Federal Reserve Bank. Lincoln was shot in the back of the head. Kennedy was shot in the back of the head (and probably the front too). Both of course had vice presidents named Johnson. Lyndon Johnson repealed EO 11110. Building 7, a 42-story building at the WTC housed evidence of thousands of cases against big banks related to the many failed IPOs during the dotcom-bubble era. Building 7 was never hit by an airplane yet it came down just like towers 1 and 2, at an impossible free-fall acceleration. Impossible without the use of controlled demolition charges. The younger brother of Jeb and George was head of security of WTC. George delayed investigation for something like 435 days, enough time to destroy the evidence; ship it to Chinese smelters. The SEC evidence is conveniently gone. Also gone is $300 million of Kuwait gold. Of course Kuwait got that Iraqi problem solved.
AMD launches 500-series graphics cards: RX 580 and RX 570 available now Read more: https://arstechnica.com/gadgets/2017/04/amd-rx-580-570-560-550-price-specs-release-date/ AMD is holding up pretty well today despite the down markets.
I like the action too Leon. The lion-hearted must be in their buying. Ideally I don't want to see much good news right now. If the CM is re-accumulating then he's wanting Marvin and Rochelle to sell their shares down here near the bottom of the range, not buy. Still though, since this is an assumed re-accumulation, he doesn't want to totally discourage the semi-strong either by releasing really bad news. Negative articles by amateur analysts, like the one Clair shared are perfect. The announcement to release some sort of enhanced boards in May...ehh...sort of benign too. These leave prospective public buyers with doubt and keeps them away so the CM can quietly buy....I'm all for that in this phase of the range.
Meh, just another rebrand, nothing interesting. Basically the same RX 400 series, only slightly overclocked.
No, got my Ryzen 1800X already and now just waiting for RX Vega. I am not really a gamer but just wanted to build a gaming PC to support AMD from the gains. Here is a review of RX500 series from AdoredTV.
Why Did Goldman Sachs Downgrade AMD to a ‘Sell’? By Paige Tanner | Apr 19, 2017 4:15 pm EDT AMD) is growing beyond the game console market toward PC (personal computers), virtual reality, and data center technology with its new Ryzen CPUs (central processing units) and Vega GPUs (graphics processing units). However, Goldman Sachs analyst Toshiya Hari downgraded AMD stock to a “sell” and reduced its price target by 21.4%, from $14 to $11. According to Hari, AMD’s stock price has already accounted for the strong growth that will come from its new CPUs and GPUs. Moreover, AMD doesn’t operate in niche markets, but in markets dominated by the cash-rich Intel (INTC) and NVIDIA (NVDA). This kind of environment limits AMD’s opportunity to acquire a larger market share, as its two rivals won’t sit quietly and let it take business away from them. I call bull Schmidt, all mushy and brown. Goldman downgraded because they just got done taking profits on a good part of their inventory and need the price to stay low so they can buy it back from the very dummies they sold it to. It is no surprise to me that this re-hashed article / reminder of Govmint Such's downgrade came out just as the price was lifting off the low of the range. It is also no surprise that their $11 target coincides closely with a test of the break-out / gap up.
Absolutely right, AMD has been manipulated for quite some time. Always very obvious too. I remember an article that came out about how insider's had been selling, and I had posted in the thread that those insiders made sales about a week before. Just so happened a week later about how someone wanted the price to go down further and decided then was a good time to tell the general public that insiders were selling off to drop the price another unwarranted 5-10% in a day or two.
Have been testing a Loner Card From AMD At the shop! It is extremely fast! 8gig HMB2 model. I Run a R9 390 Nitro with 8 gig DDR5 and its a great card! But I think I will be replacing it with a Vega The HMB2 Memory is making all the difference in the card. Running REAL UN-bias test on the Card it is blowing away the GTX 1080 Ti Nvidia Cards. Over 70 FPS on a good monitor.. been testing on a 3440x1440 monitor. 4k monitors over 60 FPS.
The big boys have been trying there best to keep this stock down.. For buyin... Roomer is that AMD is going to beat at ER on May 1st.
He is saying the video card he is currently an owner of runs 8gb of DDR5. Not the ram on his mobo. I'm more curious how he got his hands on a card with HMB2, Vega?
