AMD will go into a short squeeze just prior to earnings. This is because shorts tend not to hold over earnings announcements (ever heard a management briefing NOT say everything was wonderful with full tidings of joy?-lol) No matter how optimistically one crunches the numbers, unless there is full delusion going on management can't help but disappoint. Oh, they'll sugar coat it with comments like, 'we had some initial manufacturing problems but those are all sorted out...blah, blah, blah). This issue will GAP DOWN the next day as shorts re-assert themselves now firm in the conviction that AMD is doomed. Just like last quarter..wash, rinse, repeat. I will go short between $4-$5 again--probably close to earnings and watch the mayhem from the side...and, as always, entertained by the longs screaming 'MARKET MANIPULATION' when the problem, as you know, is just a poorly managed company.
You're giving out pretty bad advice here. Little drop may come after earning but Q4 is probably the worst time to short this stock. Way way too many positives with the consoles and holiday season. 5 million of their chips are likely to go out that quarter way more upside potential playing it long.