$Advanced Micro Devices (AMD.US)$ 156.5 is short-term resist...

103400735 : is this good to buy now?

10baggerbamm OP 103400735 : I don't own it directly I've said this before I own an indirectly I have a very very large position in soxl and it is one of the top holdings. the individual company that I own is NVIDIA whom AMD is trying to take business away from.. Good luck. so I'm not the one to ask if it's a good purchase I would wait technically I think it's going to have some profit taking of a couple of dollars but then again it's already come down from 180 so what is your time frame what is your horizon if you're investing for two or three days it's a coin flip because I think we may have some profit taking in the market in the next couple days.. I think in order for AMD to reverse its trend and go back to the 200 plus level it's going to require show me they're going to have to knock the cover off the ball next quarter earnings and not only exceed earnings and exceed revenue but increase their guidance higher than 4 billion because that's what everybody was waiting for 5 billion five and a half billion.. so I don't necessarily think that there's a rush to buy cuz I don't think you're going to miss that much in the short term.. if you're going to buy and hold for 2 years 3 years 4 years 5 years I think it's a safe purchase because the market is a discounting mechanism and takes the wind out of sales very quickly and very effectively by marking stocks down to find a new parity where buyers match Sellers and that's probably where it is right now in the short term again minus $2-3 dollars could come off in profit taking