$Advanced Micro Devices (AMD.US)$ based on 4 hour time chart...
$Advanced Micro Devices (AMD.US)$ based on 4 hour time chart, it seems to be slowly consolidating around this price zone. however, if arms earning tanks... ![]()
that means more chance for a better entry!
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Wenyu Li106 : You mean 140 may be the bottom in short time?
Wenyu Li106 : Hoping for a rebound let me get out…
pootpoot OP Wenyu Li106 : i dont know. but im queueing at 135 with my sell puts. hoping arm holding can give me a hand
pootpoot OP Wenyu Li106 : y dont average your way down at key support levels? well i mean in terms of metrics, amd is not bad for semicon. given all other semicons now.. amd is closer towards undervalued. also very importantly... if the charting starts to bottom from here. it can very well mean a new higher high is coming.
Wenyu Li106 pootpoot OP : I did it to lower my cost. For amd below 140 is absolutely undervalued. Its current forward p/e just 27, significantly below historical average. BUT it’s so weak….
pootpoot OP Wenyu Li106 : long term![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
101782047 Wenyu Li106 : Yeah, u can get out now. By tonight but will regret doing so lol
105295826 : Would like to understand why why the PE ratio 100+ if amd is undervalue?
pootpoot OP 105295826 : technically, US stocks are all overvalued. pe ratio is just one of the metrics. analysts, investors are buying into the forward pe ratio, pricing in future. nothing is really cheap now. but I believe in staying vested. I personally do more option trading than buying over shares to minimise my risk and yet staying vested. everything comes with risks.