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Record highs for S&P and Nasdaq: Is the "Santa Rally" on its way?
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Will AMD recover from this low?

$Advanced Micro Devices (AMD.US)$ While the whole chip industry is up about 50%, AMD was dipping and might still be way far above bottom (hoping not).
If it does not hold here, we are looking at 56$ per share because people tend to sell faster if the stock keep falling. Given All time high situation in S&P 500 with current low VIX, shorting AMD is safe haven for those who like to short because market might be correcting and AMD might keep dipping further.
In short-term, I am long for AMD at 123$ and I might sell around 130$ per share. 
Will AMD recover from this low?
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