152257758
commented on a stock · Dec 16, 2024 17:21
Buying dips near 52 week lows
Many claim$Advanced Micro Devices (AMD.US)$is a falling knife, and it certainly has been falling. However, it's fundamentals have only improved and it has caught up to its valuation. That doesn't mean anything short term for the stock price of course, but while many decry the stock as a "falling knife" or "advanced money destroyer" (that one's quite funny) I don't see it as a bad time to buy in, just do it in stages. Being below long term moving averages, at YTD lows when its numbers have improved and its markets look solid for the next few quarters is the time to build a position. When no one wants to know, when everyone is chasing the new hotness. That's the best time for longer term investors to invest. If you're gonna trade, read tea leaves or charts and do whatever based on whatever float your boat. If this drops further, buy again.
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Jeycraz (Jeremy) : yes sirr!
102844042 : Agree. Buy it for long term. It has great potential to become a market leader in chip processors, overtaking Intel in the next 10 years.