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Oct 11 Trade active: Only $46 to go until target.
Oct 13 Comment: If there's a significant sell off today there might be a cheeky change to take a long position from $42 back up to resistance.
Nov 9 Trade active: Be ready for a -20% move.."
What happened was the economy changed. Money printing and ZIRP quickly moved over to reducing balance sheets, rapid interest rate rises and tackling inflation. AMD was buoyed by new products into a period of easy money, rapid investments, crypto mining, data centre expansions, new laptops for home workers and other bullish drivers.
Things now are different and the stock price falls reflect the new sentiment and economic backdrop.
AMD Price to earnings ratio is approx 35x. Peers such as Qualcomm making mobile chips is 11x and Intel is on 6x.
It's a good company, so the thing to do is HODL. Buy some more if it falls well below your average buy in price and wait a few years.
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