I don't think any of those 4 points has anything to do with why the stock dropped. Are they possible? Maybe, but the biggest indicator to me was the guidance last quarter. They reported good numbers, but their guidance was below expectations.
My investment in AMD has been dead money that hasn't made me anything. I was an AMD long that bought during the first push to the $4s and got in too late and am now looking to cut my losses during the pre-earnings run up. I'm more profitable in other areas and will be taking my money there. I may take a small short position via puts ahead of earnings but nothing more. Looking at how much money I could have made last quarter in AMD puts ahead of earnings hurt pretty bad. Stock dropped like a rock and I was stunned.
Do not let some of these crazy pumpers get the real people here from seeing everything. I've watched this board for months and have been in situations where I agree with Pess and others where I do not, but he TYPICALLY provides his information in a clear manner and with a good enough backing that it actually makes sense. He has surely had some claims that I would call ludicrous, but he has also been right on some things also. One of those is the gap down Friday. Just because it has happened the past 2 quarters is no guarantee it happens again, it will all depend on the guidance provided within the earnings report.
I will be putting in a protective stop on my AMD shares into earnings to prevent another huge loss on gap down Friday for sure. I am also debating a small short position via puts, but am still undecided there. Best of luck to everyone here.
Not a bad idea to dump and take profits if you have them. I got in late and am holding my shares here and will be loading up. CSCO is a long term plan for me that includes the IoE (Internet of Everything). With CSCO as the backbone for most of these devices and network infrastructure there is money to be made. Patience will be required, but I will be looking for the bottom here and adding some shares when the stock starts to turn. My FRIP will be good for this.
Low $2s you think? I was going to say I wouldn't be surprised to see it break below $3, but low $2s seems a bit much.
Since I missed playing gap down Friday last week I'm looking at playing the upswing into earnings with some $4 Jan calls. Maybe even the $3.5, but they are a bit pricey for me. Would like to find the resistant point prior to doing so though. Currently seems to be holding around $3.10-$3.15 for now.
I find no post that you speak of. The last upgrade I can find on a simple google search is from September 11th 2013 when they were upgrade with a PT of $6. Provide the source and I'd be happy to believe you.
I've been watching Cramer for the last few years and he has made me a boat load of money. I don't buy on whims when he says to, I take his ideas for investing and combine them with my own.
If you buy a stock purely on ANYONE's recommendation then you are purely a moron. Doing your own due diligence is key to owning a stock.
While AMD looked promising from the start, it's been less and less promising with each passing quarter. I probably should have sold ahead of earnings and put my money into more lucrative sectors. Because this stock is starting to look like a bust for me.
"Advanced Micro Devices (AMD_) missed on earnings. Cramer said it was a bad report, mainly due to poor PC sales."
Straight from TheStreet. Google it if you want madeit50
If that is truly the case this stock is a waste of an investment. It's worth trading, but past that I'm not wasting my time. Time for me to put my money elsewhere if this is the kind of #$%$ I've got to deal with. Plenty of other stocks that are consistently making me money that I can buy.
Forecast meaning guidance? Rev guidance is up, but margin guidance is down. Maybe that's what they're referring to and just being general?
Guidance was revenue increase of 5% +/- 3% and margin decrease from 36% to 35% from the CFO commentary on the AMD IR page.
I'm holding some shares and am still trying to figure out my move. This stock has done nothing for me and it might be time to move this money elsewhere. Would like to see something positive out of them, but I'm not sure I want to wait until next quarter. If it will even happen next quarter.
Any information released yet? I see a lot of trading and the stock now in the $3.85 range and dropping, but can't find anything on earnings yet.
Didn't ignore you. And I do read the news. I am just providing my point of view. I have a large position myself and am very interested in the company's success.
I'm just providing insight on what I see here on the MB. You post many articles that from an outside perspective appear to be overdone pumping.
I come here for the information you can't find in the news or information I may have missed. Whether it be from shorty's POV or a long's POV. I like to hear both sides and not just one side. Knowing what is good and bad about a company is important.
Nico on the other hand seems blind to the bad and only focused on the good; hence why my original post was made.
Because without credible information you come across as someone who gets paid to pump. If that is the case, you're just as bad maybe worse than one who gets paid to bash.
Facts are what is important like hawkeyes said.
That comment would have been great if this was Obama's first term. We are now into the second term and he has proven himself to be incompetent. Wants to give more money to those who don't work and less to those who do.
This country was built on solid work ethic and a lot of hard work. Obama is erasing all of the hard work done by the founders of this nation.
Either that or use it to offset some gains. I'm holding on hoping for a nice big jump one day, but as far as I'm concerned this is dead money.
I was pretty disappointed with the big drop after earnings last time. This time if we see a big rise I will be taking profits. Not selling it all, but a good portion.
So when you short the stock into earnings, what are you looking at? November $3 puts?