$Advanced Micro Devices (AMD.US)$ 141.40 this is the 20 day ...
$Advanced Micro Devices (AMD.US)$ 141.40 this is the 20 day moving average most of the tech stocks broke through this yesterday on a rebound Nvidia broke through significantly higher.. everybody knows how AMD trades. it lags the market. it's never been respected it's like the red-headed stepchild it's the kid that gets picked dead last in elementary school for dodgeball. the first quarter they missed the forward guidance expectation. everybody was looking 6 billion she guided 4 billion second quarter they beat forward guidance earnings revenue they've guided higher. I think if we look out 6 to 9 months from here. I think realistically we can be knocking on $200.
short-term the 28th is going to determine tech stocks.. after the Bell and the next day will be a gap up or a massive gap down we will be down 400 plus points on the NASDAQ on the 29th. or we will be up 250 points on the NASDAQ.
I bought a I hell of a lot of AMD over Nvidia because of the uncertainty about Blackwell.. I have sold an enormous amount of naked puts AMDL (400) a week ago Monday Tuesday. and I sold this week (200) a large amount.. I bought the stock last week (50,000 shares) I bought the stock this week I bought it yesterday morning (40000 shares AMDL) . and when I say the stock I bought the 2x leverage ETF AMDL.
needless to say I'm swinging for the big green wall in Fenway
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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