$Advanced Micro Devices (AMD.US)$ time for a good correction...

73621536 : then this correction AMD will test 90

pootpoot OP 73621536 : not sure about that. my initial thoughts is that it will return to the lower pennant before earnings. about 1 month from now.. so.. lets see

韭菜变主力 : Don’t be so sure. Nobody knows what NVDA will do during CES. The semi stocks are in a delicate position. They can run up and down very very fast…

Sweee 韭菜变主力 : semis no more meat to sell liao, except for nvda tsm mrvl and avgo

pootpoot OP Sweee : can sell... because spy is still high.

Buy_High_Sell_Low : I thought AMD could go up more, but I have to exit at 125+ at the trailing stop and plan to add more around 110, which probably won't be.

Sweee pootpoot OP : have to see wass the catalyst ba, under normal condition spy always climb in bull market. I will be wary if the negative catalyst warrants more than 10 % spy selloff

pootpoot OP Sweee : simply market pullback from long run Sept to dec. or as a whole, 25% run for SPY 2024. or more than 50% run since 2023. either way allows it

韭菜变主力 Sweee : But the rest are in a down trend. They may be fairly valued but are not deep in value. Traders won’t pick them up for the purpose of “investing” or so-called exposure. So they either go deep in value, or their fundamentals improve. This is especially so when the broad index selling pressures individual stocks. AMD is not attractive from traders’ perspective.