Hope you loaded up yesterday. AMD bounced off the 20 day MA and is headed up straight into earnings in less than 3 weeks. Should be a really nice short squeeze on the naked shorts.
$4.76 is coming up.. Looking at the charts, should hit that and then bounce from there within next 2 weeks.. Good time to load up more for anybody who missed the recently rally.
With the run-up last week, shorts were being squeezed and thought they could pile on Monday and take it back down.. Lot of people saw it as an opportunity to jump in an short more. It was a short trap and AMD begins it march towards a correct valuation which is closer to $6B-$7B before the earnings call. AMD has been under a vicious naked short attack for sometime and it was only a matter of time before it corrected. Look at the massive open interest for July puts that will expire in the next 3 weeks.. Any good news before will create an even bigger short squeeze.
How's that working out for you?. I really can't believe you are shorting a stock which is in such a strong up-trend. I guess you had to post it because you are caught short and need others to join, but at this point its better to cover and realize your losses, then lose more. 5.15 is support so if you short ,your downside is limited to 20 cents, while the upside is significantly more, with a lot more new buyers coming in and more design wins and partnership announcements
There are lots of companies that make a lot of money selling all kinds of chips and are not leaders in their space. Maxim, Mediatek, are just a few examples. The key is to manage your spending so that the business is profitable. There are lots of companies making chips but very few big semiconductors. AMD is no longer a semiconductor company once it solds its manufacturing sites. Once you accept that, you'll realize that AMD is significantly undervalued.
Got out at 4.20 and then got back in when it started going back up around 4.40. I thought that it was going to keep bouncing around 4.22 for couple of weeks and the earnings call would take it over $5, but clearly there was too much momentum. AMD was clearly undervalued and everybody is figuring that out.
Best way to get in so to sell very short term puts... If it goes lower you pickup the shares and also the premium saving you some money.. If it doesn't, you pocketed the premium and do it again next week.
Lisa Su is on CNBC saying the company will be profiable for the next couple of years. Its 4 weeks from quarter earnings so you better believe that the company is going to be profitable. If you think Q2 is going to be a loss, you should short it, but you will be wrong come Q2 earnings and we can revisit this thread.
Typically more buyers are available when the price is over $5, so with an AMD earnings coming out in less than a month, this is a very good setup. Also any news on AMD IP agreement should send this over $5 very quickly.
NXP just sold a 30% margin business with revenue of 1.2B which was declining in revenue for $2.75B. If you apply the same math, AMD should be valued well over $8.5B.
Alphabet or Facebook need to buy Linkedin out at these levels. Way more revenue being generated by Linkedin with valuation of $16B, compared to Whatsapp which cost FB $22B. Alphabet should keep Linkedin as a standalone company along with Google.
Anything at around $4 is a buy. I think it will oscillate around here for 2-3 weeks before beginning its upward trend. Next earnings call should send this over $5 in July. Its all about valuation. If AMD is profitable, its valuation will be much higher.
Are you scared of tomorrows open and where it will close end of this week? Did you short the stock at a price lower than $4.60?
I think closer to $6-$7. I think we hit $5 in the next 3- 6months(maybe sooner with any new wins or IP licensing deal). Q4 will be profitable quarter for AMD, if you have Q1-17 profitable for AMD with full year guidance of profit, this thing can easily be over $7 by March 2017..
As expected... starting to go red now. After almost 2 weeks of going up, its starting to consolidate. Should provide some good entry point as profit taking pushes this down.. It will be over $5 in 3-6 months.
looking at the charts, looks like AMD will fluctuate here, maybe go down a little and test below $4, for the next 3-4 weeks, before beginning its upward journey. Good earnings in July will take it to $5. If it falls below $4, its a good buy. Its healthy to have some consolidation before moving up again.
I think the AMD CEO and CFO know a little more than you do. If you listen to the last cc and they were indicating that they expect AMD to be profitable by end of the year. So pretty sure they have a very good idea of what the WSA cost for 2016 will be and have already accounted for it. If there is any meaningful financial impact it will be a positive one because of additional $1.5B+ from Intel as part of IP licensing agreement or a from major new design wins.
AMD is seriously undervalued and every attempt to take it down in any meaningful way is met with more buying and less number of shares available for short covering. Stock might cool down for a week or two, before it resumes its rally again or it might just keep rallying until next quarter earnings on July 11th.