AMD is at a key support level right now; it's down 13.4% on the day, but it is clearly extended to the downside. I see the case for a bounce, I'm currently debating whether it is a good play or not; I don't enjoy catching falling knives though, and this is as much of a falling knife as you will see in the stock market.
I made a post not too long ago about AMD comparing what it was doing back at the end of April, calling for a likely bounce at $64/share; it worked out amazingly.... for 1.5 days. As I articulated in the post though, the risk was too high, in my opinion, to be going long.
To my fellow bears- PLEASE don't go short here. This is where you should be covering.
I made a post not too long ago about AMD comparing what it was doing back at the end of April, calling for a likely bounce at $64/share; it worked out amazingly.... for 1.5 days. As I articulated in the post though, the risk was too high, in my opinion, to be going long.
To my fellow bears- PLEASE don't go short here. This is where you should be covering.