$Advanced Micro Devices (AMD.US)$ for those that say it's a ...
$Advanced Micro Devices (AMD.US)$ for those that say it's a long-term hold I present you your long-term chart. every time it dips it goes down to its moving average which means here it's showing $104 and look at the time it takes to recover ..this is 8 years this chart.
for those that bought at 170 190 200 you're talking years to recover best case scenario
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10baggerbamm OP : as a follow-up if you look at its monthly charts every time it's broken support it's come down to about it's moving average that's $84 here. and that's why I said come January the 28th when they announced their earnings and weakness in personal computer chips, because micron did and Dell did that will Mark the stock down to the 90s
TheOracleOfBroMaha : Would you buy $GRANITESHARES 1X SHORT AMD DAILY ETF (AMDS.US)$
Or should I say, increase your position?
10baggerbamm OP TheOracleOfBroMaha : I think AMD is going to see 90s before this is done I may be wrong. they have one division that's doing well which is their gpus for AI despite that two out of three quarters this year they missed their expectation number.
so come January 28th how can they possibly have great sales for their computer line their personal computer line when Dell guided lower for two quarters and micron is saying back half of next year before inventory supplies potentially work through.
I don't see how they can beat Wall street's numbers.
course we would be 8 days into a trump administration and the markets might again regain momentum to the upside and maybe they overlook weakness and AMD if the chip stocks begin to rally again once Trump is inaugurated.
so that's the X Factor is what will the perception be from the market.
never had Trump in office before like what's going to happen this time where he hits the ground running and he's signing executive orders within the first hour.
so I can't tell somebody yeah bye puts I mean if Biden was still president I'd say yeah buy puts because the market's going to be weak but with Trump maybe we get a rally on January 20th and running for a couple of weeks..
it really becomes a crapshoot I hope that's what you can extrapolate I don't know what's going to happen I don't know what the perception will be I don't know if they will be forgiven for having weakness and guiding lower if Chip stocks are in rally mode again once Trump is in office