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Reply to: The Official AMD shares thread
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Previously on "The Official AMD shares thread"
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It's uncanny isn't it how price always goes in the opposite direction to what he predicts.
Maybe he'd do better wearing a pair of these to do his chart reading:
Upside down goggles
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"AMD to $10 - bearish divergence
Updated Nov 9
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.."
https://www.tradingview.com/chart/AM...sh-divergence/
72.37 USD +3.90 (5.70%) today
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Originally posted by AtW View Post
https://wccftech.com/all-amd-powered...it-powered-on/
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Originally posted by AtW View PostBought AMD @ 88 bucks with all me SIPP pension money.
AMD is me pension now!
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Funnily enough, since the beginning of the year, it has fallen by the same % as Bitcoin.
https://www.google.com/finance/quote...USD&window=YTD
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Originally posted by AtW View Post62.28 USD −5.57 (8.21%)
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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