$Advanced Micro Devices (AMD.US)$ you have a short-term doub...

back October 7th during that week was when they had their roadshow where Lisa debuted their new GPU to a rather lackluster response and the stock sold off and I became very cautious I advise people to get out I used some eloquent words calling it dog shit and I explained everybody that I thought the bottom would be $121 and you can go back and reference that. so we have our double bottom from August which was the Black Monday the Japanese dollar unwinding resulting in the margin calls and liquidations which triggered 1,000 point sell off in the Dow 1100 in the NASDAQ and tech stocks to get wrecked.

here's the new problem

micron

it's down $16 post-market it's lost 20% of its equity from 2:15 to 4:15 in the afternoon yesterday.

yesterday I said I was considering selling some puts on AMD that I thought it's coming close to a bottom I don't know if it's there yet but I think we're close I said all I need to do is have good earnings they don't have to be great to have the leverage ETF recover to about $11 which would be 145ish for the common stock.

that was pre chairman Mao destruction of almost 2 trillion dollars in the stock market. as a result of his rather unclear uncertain cautionary potentially inflationary Outlook next year by the other Federal Open Market committee Bank presidents when looking at Trump's economic plan utilizing tariffs which are inflationary.

this comes from somebody who has for almost 4 years told everybody that they are data dependent and they use the data to chart and plan out their careful balancing act between employment and growth.

evidently they have a crystal ball because they are violating their mandate destroying almost 2 trillion dollars of wealth in the stock market intentionally since they're casting uncertainty over how much inflation potentially will be caused by Trump's plan but they haven't been concerned about the uncertainty now for almost 4 years under Biden Harris who pissed away trillions of dollars creating the inflation they're only worried about the uncertain events of trump which haven't happened.

the problem that this creates is AMD is now going to be held to a standard that they have to put the numbers up or they will be crucified just like micron.

before 2:00 going forward because the tech stocks were under accumulation the chip stocks were under accumulation again in my opinion a good report would have been acceptable.

the bar's been raised because if they don't release numbers that exceed revenue earnings and guidance increasing you will see the stock below $90.