Once AMD posts the profit in Q3, anyone wanting in will have to pay a much higher price. I would rather be already holding shares and watch the price being chafed up. I have over a 50% profit now but this looks more and more like 2009 where the share price went up over 440%.
Once a profit is recorded, we will easily see a double from here.
Logic says before and then let others chase the share price up.
Anyone with half a brain will not sell right before AMD turns a profit. We have not seen short panicking yet. If we continue up next week, we could see the mother of all short squeezes.
100 million share need to be covered. Sooner or later, the tipping point will be reached and shorts will be covering in the masses.
Short squeeze will give us another leg up. We know major contracts have been signed for the Richland chip, but AMD does not release news until the chips are shipping. We can look forward to more news on the horizon. This will give us yet another leg up.
A lot is happening besides the game consoles. The upside run is just beginning.
Sentiment: Strong Buy
All you've seen is panic short squeezing this week. Most of the squeeze happened, and most of the short term buyers took their profits. Look for the stock to stabilize. I still feel if the market turns, and the bubble will eventually pop, the stock will be down big. Made some money shorting at 3.80 today and covered at 3.56. Ready to pounce on the short side again when the time comes.