See Barron's article with that headline. If you tried to trade that day (I know I did) and couldn't get filled because the book kept jumping your orders, this is why.
Condensed version: A while back the people who calculate the spot VIX changed the calculation to include weeklies instead of just monthlies, because they thought the weeklies had enough liquidity, but on Aug. 24 they were proved wrong when the weeklies' liquidity seized up and their prices went haywire and the VIX calculation lost its mind so they stopped posting the result, which made all the VIX derivatives clank.
Someone needs to be fired.
XIV doesn't trade based on supply and demand. It is arbitraged to a theoretical calculation based on supply and demand of disconnected derivatives of futures arbitraged against a theoretical calculation based on other futures. "Retest" has no meaning for it.
I don't pretend to be able to move the stock price.
I also don't pretend it's going to do something it's not.
AMD will not advance. It will die. I've been making money for a decade based on that fact, and that fact has not changed.
Proof positive that Ken Luskin is among the dumbest people on the planet. I hope he holds his long position until this stock goes negative.
Two made-up PR announcements for VR tech that isn't going to become a major player in the technology world is not worth touting as a significant quantity of "good news."
There's also the headline that goes as follows:
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today:
Advanced Micro Devices, Inc. ( AMD )
Analogic Corporation ( ALOG )
Applied Materials, Inc. (AMAT )
Bancorp Inc (TBBK)
Barracuda Networks Inc (CUDA)
The $29.99 card is now #12 and the $39.99 card is now #14. The first Fury card is at #51, the second is at #94.
AMD is all but absent from the graphics marketplace, but you can't tell that from the pumpers' posts. They'd have you thinking they're selling like toilet paper.
Do you know two nonagenarian crackpot perpetual-motion scientists who follow the machinations of a gum wrapper blowing down the gutter, such as AMD is?
So they will make money when AMD has to pay for wafers even if AMD orders no chips.
A change in ownership of GF means nothing to AMD.
AMD's shares at Mubadala are not owned by GF.
Honestly, pumpers constantly amaze us with their ignorance of the basic structure of AMD and its partnerships.
It's like they're playing darts. In the dark. Drunk.
They won't waste the labor cost to try to dump them.
Actually, I haven't seen that.
But there's no end of websites willing to clickbait whenever wccftech lets someone post another unsubstantiated buyout rumor. And one or two trolls here who repost all of them as though they are independently confirming each other.
That you even have to ask means you should question risking your money on uncertain outcomes.
The only restructuring that will save AMD is debt restructuring, with wholesale department shuttering.
Rearranging the deck chairs, furloughing underemployed workers, and reducing project starts aren't going to do it. Hell, a full Chapter 11 may not do it. It's been years since it became obvious it was needed, and AMD has blown several billion in cash and income on predictably insufficient patches.
Stupid is as AMD does.