richspin

richspin

Despite a seemingly impressive Q3, AMD stock dropped 26% in one week's time. AMD reported revenue of $1.61 B ($1.51 B expected) and non-GAAP EPS of $.12 ($.10 expected). However, management guided that Q4 revenue would fall by 15% (+ or - 3%) and gross margins (35%) would remain flat. A change in market sentiment and weak guidance led to a 26% decline. All things...

richspin

ECB meeting (October 26, 2017): Draghi despite the ending of QE stated that the ECB will keep interest rates lower for longer surprising many investors. This change in sentiment accompanied with net long Euro exposure by non-commercials (hedge funds) at 5 year highs should lead to a tailwind to the bearish thesis. Additionally, the EUR/USD has completed a Head &...

richspin

ECB meeting (Oct 26): Draghi came out rather dovish citing that despite the ending of QE, interest rates will remain lower for longer. Additionally, net Euro longs by non-commercials (hedge funds) in CFTC is at 5 year highs. Change in sentiment should act as tailwind to technical Head and Shoulders (bearish) pattern