TradingMavericks

AMD : RESET / POSITION TRADE

Long
NASDAQ:AMD   Advanced Micro Devices Inc
Obviously any investment comes with risk (some more than others). With AMD you are paying a very high PE with the hope that growth can justify that number. Long term - I think it can. Short term is a bit of a gamble, but given the demand for GPUs I think AMD is a good speculative bet if you keep your bet small. Given how high the market is, I do not want to go overboard on AMD and get tied up if the market has a downturn and the music halts. On the flip side, stimulus money is going to flow into the markets to some extent and should keep the game of musical chairs going on a bit longer. Cyberpunk mania is not going away and crypto GPU mining might be a flash in the pan until things stabilize.

Source : Austin Craig, SeekingAlpha
https://seekingalpha.com/article/4397949...

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