I hate to say it but pessimist is right again. I am man enough to say that. You have to give credence to his analysis and predictions because this is the 3rd quarter in row AMD beat estimates and the stock tanked for the reasons he espoused. I am all in and long on AMD and was disappointed again. The stock has more to go down tomorrow.
Pess didn't say buy before earnings this quarter.
He did say that on last one (Q3).
ONLY time he was right was last quarter before earnings, and he was wrong rest of the time.
He also said he would short this at low 2s.
Pess being wrong 9 out 10 times is not worth listening to.