Amd is supposed to be on an upbeat with a gigantic resurgence of game chips to both Sony and MSFT. Amd is even broadcasting "profits" this qtr and especially next. Wall Street was not born yesterday. They always employ forward looking investment strategies. And yet, with all the hype, AMD is markedly headed DOWN, not up. Short interest is soaring to all time highs, not the other way.
A rational mind has no choice but to at least ask the question - what might be wrong here? Do they know inside info that hasn't leaked yet? What might be so bad as to take Amd down so harshly toward the $2s again among all this great news? Let me remind you of one eternal nagging Amd problem which might be resurfacing one more time - Amd's history of under-delivering and taking their customers down with Amd.
If it is already known that Console box parts are not ready for a massive launch in late November, both Sony and MSFT are in big trouble. But if it is AMD who is late with either flawed central processors or with low yields, then it will hurt Amd far far more than Sony or MSFT. Amd will take a gigantic hit this time, if this inside historically true info surfaces soon. That's the most likely explanation for Amd diving so hard every day, even on up DOW and down Dow days.
The WHOLE chip sector is down today, not just AMD. What's up with that, ace? Or maybe it's just the usual rhetoric bashing AMD because it's AMD. Yes, of course that's the answer. I don't see you bashing ALL the other chip stocks that are down today. Go ahead and insult, call me this and that, just posting the truth here.
AMD drops when the chip sector is up and drops 10 times more when the chip sector is down. At this pace, we'll be seeing $1s by the end of September. A market crash due to war could send it below $1 for a market cap of around $700 million which is probably fair value given the heavy debt load. I think anything below $1 makes it a short-term buy to get to $2 for an easy double in November. Buying between $1-$2 will be risky though.
Ahh hah! You were merely posting "the truth" and not at all wishful irrationality. Now, I really see/ It's me, not you, right. I merely post the facts like all other stocks down a small fraction of a percent while AMD dives 6% in two days, but that has nothing to do with the "truth" echoing in your Amd head! Everyone else is crazy and you are sane. Now, do I have it right? I see better than before. Maybe Idontplayfair, huh?
This AMD trend reminds me of TASR decade ago (2003).
They had a great earnings, and had huge contracts, but got beat up by shorts, and false rumor. (If you remember yahoo id ubswarbirds vs taser).
Of course Taser went up with huge spike afterwards. Tons of short squeeze and investors start coming in.
Just look at the chart between 2001-2004.
Sentiment: Strong Buy