Have you taken profits yet?
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"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain -
Might sell at 100 bucks, but will probably wait till 150-200Originally posted by scooterscot View PostComment
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That's the spirit.....
What are the charts saying I wonder... 4 - 5 minutes later. Hope you appreciate this Alex..
AMD relative strength index (RSI) is @ 86 on this 2-month chart. That's right, each of those candles represents 2 months of price action. The green bar at the bottom signals overbought conditions. To see that on a 1-day chart is something, 1 week chart amazing, and on a 2-month chart
, you know something historical is about to happen.
The last time the market for AMD was this much overbought was back in 1983. A 90% correction followed in the years ahead.
If you're still holding this stock at the end of the month, then don't cry wolf buddy when July brings down a world of hurt.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Got money in ISA to buy more if it drops below 40Comment
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40 ani't the bottom 6 is. And that would be still be more than 3x higher than in 2016!"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by AtW View Post
Look left. The last time the market was at the same RSI level on the 2-month chart a 90% correction followed.
What surprised me is you consider $6 a fall. I consider it a 300% + gain in only 4 years. In Stock market terms that's insane."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Right now AMD trades at 137.41 P/E ratio (in reasonable anticipation that new products will incease sales and EPS will go up a lot, thus reducing P/E to more normal 30-40), but let's say it stays there, so at 6 bucks per share P/E will be 13.7 - or more likely P/E 3-4 (with upcoming increase in sales and margins), that's not reasonable valuation of a tech company, one of only two that makes large scale CPUs used by everybody - directly or indirectly.
PS5 event today, with AMD inside - will be selling like overpriced MFs chalk on Amazon
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