AMD seems to be offering a chance to rejoin the strong rally here, we can take a position if not already in.
We bought today at 5.85, at the Key Hidden Levels chatroom.
Good luck!
Ivan Labrie.
On 9/9/16 AMD announced a dilution of its stock.
ir.amd.com
According to other analysts, as of 9/6/16, the stock should have fallen 14%; however, as of 9/9/16 AMD increased it's share offering.
His / Her numbers state the following : ($757,000/$7) = 108,214,286 Shares 108,214,286/795,557,811 = 14% dilution equaling $6 dollars a share.
His $7 dollar a share...
I honestly feel that we have reached a bottom, and with Zen_and_Vega in the horizon it seems it is a good point to get in. Also the latest dilution will help the company in the long run.
The past 4 months has been very interesting for AMD. We have been noticing the same symmetric tangle, followed by a consolidation period, and finally, the a lift off. Are we entering another consolidation period followed by a lift off?
If history serves me correct, yes we will!
Shooting to 8...followed by mid 8, triangle, consolidation, lift off to 9.
My "guess" is that AMD will not hold onto this level (I briefly considered going "monied" with the short call with the covered call setup, selling the 7 strike instead of the 8). However. implied volatility is fairly high here (64.6%), and my mechanical approach to most of these setups is basically to "ditch the guessing" and pull the trigger; price will go where...
OK, I got to admit, AMD ist one of my always.heroes and as fanboy I suffered a lot, that their graphic devices chased nvidia and intel ones. But this move on the lows of 2009 can't be luck. AMD now has one step ahead intel and (!!!) nvidia- the first time by the way. Many of you are more experts than me. But just look the GPU structure of RX470/RX480 and this...
Overpriced at the moment however..
No short zone, until Q1 2017 at least.
As usual, buy the rumor and sell the news. Expecting AMD price to start correcting a little the moment ZEN CPUs are out in Q1 2017+, for short term shorting then long term buys.
Been messing with this one for a bit. This stock has made me break even from my huge loss as a beginner trader. Dropped 12% in 6 months and back to break even 6 month after that. Hope this stock keeps giving, I have a lot of marbles on this one.
Another symmetric triangle has appeared. This seems to be a historical trend with AMD.
I see this stock holding strong. In the short-run I believe it will hit a new high around $7.40, followed by a 30-40% FR pull back. This pattern will continue until the release of Zen_CPU.
Lets find out.
Going to 8
