it’s oversold
$Advanced Micro Devices (AMD.US)$ sharing a story of my previous trade on AMD. Back to last last eanring report, it jumped above $150 and then down to 142. i was happy to take the drop. Then it kept dropping to 125 due to the Japanese carry trade. When it rebounded back to 135, I stopped my loss. However, it kept climbing back to 160. This is a company with very high growth so I should have been patient.
its up and down but as long as its high growth still there, dont let the momentum kills you ( especially the wall street manipulation).
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70195760 OP : I’m no saying buy now. Everyone who likes this company can pick any price entry point you want. But if you got a bag, just be patient.
70195760 OP : And all the analysts 12 months price forecast is between 170-220. That is why and what I am waiting for.
HailTheApocalypse : it seems to be....eh.
DAVIDJ94 : Bag holder at $156! Waiting game.
70195760 OP DAVIDJ94 : Just hold, and believe the long term( in 12 months), it will reward you.
MiddasHBK : better reduce your position now
70195760 OP MiddasHBK : It’s never wrong to take profit, so anyone can reduce position if they like to take profit. But my point is if the price already drop below the cost, don’t need to take the loss. It will come back. The company is growing fast and the earnings will catch up the price.