drchelsea1

AMD - FULL UPDATE - $55 CURRENT PRICE - WHERE TO NEXT?

Long
drchelsea1 Updated   
NASDAQ:AMD   Advanced Micro Devices Inc
0. Notes to follow;

1. Links and stories on AMD to follow;

2. Full analysis and thoughts to follow;

3. Virus updates to follow;

4. Analyst recent comments to follow;

5. AMD as the Stay At Home Play to follow;

6. Thoughts on where to next to follow;

-drchelsea
Comment:
1. So we have obviously corrected from $59.25 to $37.75, which was outlined by us on February 19th, just 2 days before the crash; discussing protecting profits and collaring at $57.75;

Comment:
UPWARD RESISTANCE TARGETS

2. We are looking at the usual suspects here:

$55.50

$56.05 / $56.11

$57.05 / $57.11

$57.50 (KEY)

$58.05 / $58.11

$58.50

$59.05 / $59.11

$60 (MASSIVE AND VERY KEY)
Comment:
CHANNEL RETEST TARGETS

3. We are looking at the current channel and the top sits at:

$52.50

$53.50

$54.11
Comment:
4. IMPORTANT OF $52.50 AND $50 RETEST

We believe that if we break back into the channel, and break $52.50, that sets up the re-test at $50.11 / $50.05;
Comment:
5. More notes to follow later this evening. Stay tuned.
Comment:
RECENT ANALYST COMMENTS

TODAY

April 14 2020

AMD deepening Intel competitive push in new EPYC server CPUs, says Wells Fargo 12:13 AMD, INTC Wells Fargo analyst Aaron Rakers notes that AMD (AMD) announced three new CPUs as part of its 2nd-generation EPYC Rome server line-up, optimized for frequency. The analyst said in a research note titled "AMD: Deepening the Intel Competitive Push in New 2nd-Gen EPYC Server CPUs" that he thinks this announcement positively highlights/reiterates AMD's strong competitive positioning to gain share in server CPUs. Rakers keeps an Equal Weight rating and a $50 price target on AMD's shares.

April 4 2020

Nomura Instinet sees opportunity in Semis amidst 'growing uncertainty' 04/06 AMD, AMAT, INTC, QCOM, XLNX, KLAC While the ongoing COVID-19 pandemic is continuing to increase both supply and demand side risks in the chip industry, the stock movements are creating some investment opportunities in the Semiconductor space, Nomura Instinet analyst David Wong tells investors in a research note titled "Amidst Growing Uncertainty, We See Opportunity." The analyst, who upgraded Lam Research (LRCX) to Buy last week, maintains Buy ratings on AMD (AMD), Applied Materials (AMAT), Intel (INTC), Qualcomm (QCOM), Xilinx (XLNX) and KLA Corp. (KLAC).
Comment:
6. AMD A STAY AT HOME STOCK THAT COULD KEEP RUNNING

As the market starts to recover from the coronavirus panic, Advanced Micro Devices (AMD) has seen the stock hold up well. Other companies in the tech sector continue to report solid numbers due to high demand from people working from home and a surge in demand for virtual learning. The chip giant remains well positioned for a new world demanding additional data center space.

As 5-star analyst Jim Kelleher puts it, "The shelter at home movement has caused an on-the-fly effort to upgrade home networks Historically, periods of severe stock-market turbulence have proven to be good times for careful and disciplined stock selection, with a focus on the highest-quality and financially strongest names. AMD has relatively outperformed peers and the market in the broad market turndown, but is still down year to-date and is well below mid-February peaks." Kelleher rates AMD shares a Buy along with a $60 price target. (To watch Kelleher's track record, click here)

finance.yahoo.com/ne...could-161138667.html
Comment:
7. Steadfast AMD Stockholders Will Emerge Victorious
The global pandemic might have slowed AMD stock down, but ultimately its momentum will be unstoppable.

GREAT READ, PLEASE CHECK IT OUT

investorplace.com/20...l-emerge-victorious/
Comment:
8. AMD launches 3 2nd generation Epyc processors with 50% lower cost of ownership

"Advanced Micro Devices said it is adding three new 2nd Gen AMD Epyc server processors that can deliver up to 50% lower cost of ownership than rival Intel Xeon processors.

The chips are part of AMD’s attempt to grab technology leadership away from Intel, which has long dominated the server chip market. AMD has had an advantage lately with its high-performance Zen 2 cores designed to handle database, high-performance computing, and hyper-converged infrastructure workloads, Dan McNamara, senior vice president at AMD’s server business unit, said in a press briefing."

venturebeat.com/2020...r-cost-of-ownership/
Comment:
Seeking Alpha - April 1 2020

AMD: Advanced Bullish Sentiment

AMD has comparatively performed well in times of high volatility. The performance already indicates a bullish sentiment among investors.
Comment:
You need a premium subscription for this one, but Seeking Alpha is worth it. I don't own it no. I used to publish their locked stories, but they kindly asked us to stop doing that.

seekingalpha.com/art...ed-bullish-sentiment
Comment:
APRIL 1 2020

Seeking Alpha - Advanced Micro Devices: Strong Performance During Downturn With Significant Potential

seekingalpha.com/art...ignificant-potential
Comment:
OFF SIDE COMMENT

7 STOCKS THAT SOAR IN A RECESSION (FROM 2008 RESEARCH)

Hasbro (HAS)
Ross Stores (ROST)
Walmart (WMT)
Amgen (AMGN)
Anheuser Busch Inbev (BUD)
H&R Block (HRB)
Dollar Tree (DLTR)
Comment:
8. Back to AMD, the regularly scheduled program...
Comment:
9.

AMD Is A Better Recession Choice Than Peers

seekingalpha.com/art...cession-choice-peers

Summary

AMD’s revenue had moved least with the economy (GDP growth rate), compared with Intel and Nvidia.

AMD’s stock return had the lowest correlation with GDP growth rate, compared with Intel and Nvidia.

AMD’s revenue growth and stock return had the smallest downsides during past recessions. AMD has exhibited the lowest recession risk to the company and to the shareholders.

AMD’s low recession risk is a result of the benefit from the market share gain derived from its superior new products.

Compared to Intel and Nvidia's high ASP strategies, AMD’s low pricing strategy helps hedge against recession risk.

By K C Ma and Nick Osting

What a difference just one week makes! For the better part of 2019, the market has been haunted by the notion that a recession is imminent. Trades have
Comment:
10. So clearly we are seeing the recession strength in AMD at this point. Strong "work at home" play, and clearly AMD has NVDA, and INTC on their heels right now.
Comment:
11. Competition with NVDA - BIG Navi

www.techradar.com/news/amd-rdna-2

AMD RDNA 2 release date, specs and rumors: everything we know about 'Big Navi'

"AMD Navi launched way back in July 2019 with the Radeon RX 5700 XT and RX 5700, and while those cards are champions of the mid-range, folks have been hungry for 'Big Navi' – the AMD graphics card that would take on the RTX 2080 Ti.

However, we're nearing a year since the first AMD RDNA graphics cards hit the streets, leaving us wondering: when will we actually see RDNA 2, and what will it look like?

The good news is that it will be the graphics architecture behind the next-generation consoles, the Xbox Series X and PlayStation 5, so it's pretty safe to assume that new graphics cards are on the way. There have been a ton of rumors that have been surfacing too, painting a picture of some incredibly powerful ray tracing-enabled AMD graphics cards that might give Nvidia some much-needed competition on the high-end.

Still, AMD hasn't come out and actually announced many details about RDNA 2 or the supposed 'Big Navi' card that is rumored to be coming out, so all we have is gossip and speculation to go off of. But be sure to keep this page bookmarked and we'll be sure to keep it updated with all the latest AMD Big Navi rumors and information."
Comment:
12. So clearly AMD has the 7nm+ hammer in their back pocket, and this will probably compete with the 3080 Ti possibly.

NVIDIA Ampere: GeForce RTX 3080 Ti is 40% faster than RTX 2080 Ti



www.tweaktown.com/ne...than-2080/index.html
Comment:
13. So we have the major product launches like Big Navi and the XBox and PS5 releases as well.

XBOX X AND PS 5

The AMD 'Big Navi' GPU inside the Xbox Series X offers RTX 2080 levels of power
"We’ve known for some time now that both the PlayStation 5 and Xbox Series X will be powered by the next generation of AMD Navi GPUs, but thanks to our friends at Digital Foundry who have just revealed the full spec of Microsoft’s Xbox Series X console, we now have a much better idea of just how powerful they’re going to be and what that means for their eventual PC equivalents – and if the Nvidia RTX 2080-levels of power inside Microsoft’s new console is anything to go by, AMD could finally have a proper Nvidia killer on their hands come the end of the year.

I should, of course, note that the GPU inside any given console box is quite different from the types of graphics card that go inside our PCs. They’re a different shape, have different cooling mechanisms and utilise several aspects of their unique console design to help them achieve their respective power targets. As you’ll see from Digital Foundry’s full Xbox Series X reveal, the Xbox Series X is no different. There are aspects of the Series X’s SSD, memory and AMD Zen 2 CPU that all play a role in getting its custom Navi GPU to hit its 12 teraflops target, but there are still some intriguing hints to be teased out here, particularly when it comes to AMD’s ray tracing chops.

But first, let’s take a very brief look at the Series X’s key specs. The AMD Navi GPU sitting at the heart of Microsoft’s new console has 52 compute units (there are actually 56 in total, but four have been disabled to help increase production yield, according to Digital Foundry) clocked at 1825MHz and 16GB of GDDR6 memory clocked at 14 Gbps. It has quite an unusual memory bandwidth, admittedly, with 10GB of its 16GB memory pool able to deliver up to 560GB/s, while the remaining 6GB offers up to 336GB/s, but this is tied up with the console’s special custom asymmetrical memory performance, which is a feat simply not possible on a PC. "

www.rockpapershotgun...box-series-x-reveal/
Comment:
PS5 SAME TECH as XBOX X

PS5 and Xbox Series X could use the same AMD tech for photo-realistic graphics

www.techradar.com/ne...en-amd-graphics-tech

"AMD just made a whole load of revelations on the CPU and GPU front at its Financial Analyst Day, and amongst all the big PC announcements, the firm hinted that the PS5 might use its next-gen RDNA 2 technology.

We already know that the Xbox Series X will make use of an RDNA 2-based GPU, and as spotted by Wccftech, during the Analyst Day, David Wang of the Radeon Technology Group implied that the tech would also be used in Sony’s next-gen console.

The recent PS5 specs 'leak' is nonsense - here's why
All the PS5 launch titles that we want to see
PS5 vs PS4 Pro: will it be worth the upgrade?
PS5 price and pre-order: everything you need to know

Wang said: “We have developed an all-new hardware-accelerated ray tracing architecture as part of RDNA 2. It is a common architecture used in the next-generation game consoles."
Comment:
VIRUS UPDATES

8:36 am: China reports 46 additional cases, says most of them ‘imported’

China’s National Health Commission said there were 46 additional cases of infection, of which 36 were attributed to travelers from overseas. Most of the travelers are likely Chinese nationals since China closed its borders to most foreigners late last month. The official report did not specify their nationalities.

There was one death reported in Hubei province. China also said there were 57 new cases of asymptomatic infections, where a person tests positive for the virus but does not demonstrate any of the usual symptoms associated with it.

A total of 82,295 confirmed cases have been reported by China and 3,342 people have died since the outbreak started. — Saheli Roy Choudhury
8:27 am: Major League Baseball will conduct the country’s largest coronavirus antibody test on employees

Major League Baseball says 27 teams will participate in an antibody testing study with Stanford University and the University of Southern California.

The test used in the study is not diagnostic and not the same test used in healthcare settings to identify the presence of the virus. Rather, it measures whether people have been exposed. The study will use rapid antibody tests, the league confirmed to CNBC. The Athletic previously reported that 10,000 employees from those teams have volunteered to participate.

The goal of the study is to get a sense of the prevalence of Covid-19 infections among the U.S. population in hopes of helping researchers figure out how many people might have been exposed but suffered no symptoms. That information could help public officials determine when it’s safe to ease up on restrictions meant to curb the spread of the pandemic. — Jennifer Elias
Chart: Global COVID-19 outbreak 200415
7:37 am: Global reported death toll over 125,600

At least 125,678 people around the world have succumbed to the coronavirus that was first reported in the Chinese city of Wuhan late last year. That’s according to the latest information from Johns Hopkins University.

Hopkins data also showed the virus has infected more than 1.97 million people. The United States has the highest number of cases, with more than 600,000 patients.

Spain, Italy, France and Germany, with at least 130,000 cases in each of the European countries. The United Kingdom also reported a high number of cases — with reported cases climbing to over 94,000 and fatalities topping 12,100. — Saheli Roy Choudhury
7:24 am: Singapore reports more than 300 cases for second consecutive day

Singapore’s health ministry said as of 14 April noon, there were 334 new confirmed cases of Covid-19. Many of them are linked to infection clusters in dormitories that house foreign workers.

The inhabitants of those dormitories are typically men from other Asian countries who carry out labor-intensive construction jobs in order to support their families back home.

The city-state reported its highest single-day jump in cases a day earlier when there were 386 additional cases.

There have been 3,252 confirmed cases since the start of the outbreak; 611 patients have been cured and discharged from hospitals and community isolation facilities and 10 people in Singapore have succumbed to the illness. — Saheli Roy Choudhury, Ted Kemp
Comment:
7:08 pm: Trump says some state economies may open for business by May 1

President Donald Trump said that he believes some states will be able to lift the strict social distancing measures that have strained their economies before the end of April.

“The plans to reopen the country are close to being finalized,” Trump said at a press briefing on the virus in the Rose Garden.

“I will be speaking to all 50 governors very shortly,” Trump said, “And I will then be authorizing each individual governor of each individual state to implement a reopening and a very powerful reopening plan of their state at a time and in a manner as most appropriate.”

“The day will be very close because certain states as you know are in a much different condition and are in a much different place than other states. It’s going to be very very close. Maybe even before the date of May 1st,” he said. — Kevin Breuninger
6:34 pm: Trump calls for halt to US funding for World Health Organization amid coronavirus outbreak
GP: President Trump 200414
President Donald Trump addresses the daily coronavirus task force briefing in the Rose Garden at the White House in Washington, April 14, 2020.
Leah Millis | Reuters

The Trump administration will halt funding to the World Health Organization as it evaluates the agency’s “role in severely mismanaging” the coronavirus pandemic, President Donald Trump announced.

“Today I’m instructing my administration to halt funding of the World Health Organization while a review is conducted to assess the World Health Organization’s role in severely mismanaging and covering up the spread of the coronavirus,” Trump said at a press conference.

Trump criticized the international agency’s response to the outbreak, saying “one of the most dangerous and costly decisions from the WHO was its disastrous decision to oppose travel restrictions from China and other nations.” — Berkeley Lovelace Jr., Noah Higgins-Dunn
5:20 pm: US airlines, Treasury Department reach agreement in principle on billions in coronavirus aid

U.S. airlines and the Treasury Department have reached an agreement in principle on billions in government aid aimed at softening the blow from the coronavirus, sources told CNBC.

The agreement comes as the virus and harsh measures to stop it from spreading, such as stay-at-home orders, have driven air travel demand to the lowest in decades. Carriers have raced to cut costs by grounding hundreds of jetliners and asking thousands of employees to take voluntary unpaid leave.

U.S. airlines including American, Delta, United, Southwest and others applied for portions of $25 billion in payroll grants that require airlines not to furlough or cut the pay rates of any employees through Sept. 30. The grants were part of the more than $2 trillion coronavirus relief package Congress passed last month. — Leslie Josephs, Lauren Hirsch
Comment:
OPEN FOR BUSINESS MAY 1ST

This staggered release plan will determine where we go next. We need to re-open the economy, and get people off the free cash, and off their arses, and back to work.
7:08 pm: Trump says some state economies may open for business by May 1

President Donald Trump said that he believes some states will be able to lift the strict social distancing measures that have strained their economies before the end of April.

“The plans to reopen the country are close to being finalized,” Trump said at a press briefing on the virus in the Rose Garden.

“I will be speaking to all 50 governors very shortly,” Trump said, “And I will then be authorizing each individual governor of each individual state to implement a reopening and a very powerful reopening plan of their state at a time and in a manner as most appropriate.”

“The day will be very close because certain states as you know are in a much different condition and are in a much different place than other states. It’s going to be very very close. Maybe even before the date of May 1st,” he said. — Kevin Breuninger
Comment:
TESTING

So the key at this point, is probably testing. If we can find out:

1. Who is infected and still contagious;
2. Who is infected and recovered;
3. Who is not infected;

This information will be coming in the next few weeks, and will allow a "staggered opening of the economy plan".

This is what the Trump Team is trying to figure out the logistics on right now.
Comment:
PLAN TO RE-OPEN THE ECONOMY - OR WE ARE IN A MASSIVE BEAR MARKET RALLY

Restarting the economy doesn't mean life will return to normal anytime soon. Here are 5 plans that offer a glimpse of a dystopian future.

www.businessinsider....e-change-life-2020-4

States Move to Coordinate on Reopening Plans

"Two groups of governors said they would coordinate efforts to gradually reopen businesses and ease social-distancing guidelines, even as President Trump said he had the ultimate authority over when to restart the economy."

www.wsj.com/articles...-economy-11586774781
Comment:
fortune.com/2020/04/...oronavirus-lockdown/

How European countries plan to reopen their economies from the coronavirus lockdown

"European leaders are starting to sketch out their strategy for putting the economy back to work once the coronavirus has been brought under control.

Austria and Denmark are beginning to open up some schools and shops this week and President Emmanuel Macron on Monday night told the French that he wants to begin phasing out restrictions from May 11. Chancellor Angela Merkel is due to discuss her plans with German state premiers on Wednesday while the European Commission has drafted a plan to coordinate the moves.

Governments are trying to balance the desperate need to halt the damage to the economy against the risk of a resurgence of the pandemic. The number of new cases in Europe has stabilized in recent days though more than 50,000 people have died on the continent and the fatalities continue to climb.

Spain reported the lowest number of new cases since March 20 on Tuesday, increasing pressure on the government to relax its state of emergency.

So leaders are planning a gradually easing of the restrictions on economic activity. The commission, in a draft seen by Bloomberg, warned that they will have to be prepared to re-impose lockdowns if the number of infections starts to spike again.

“When will we be able to go back to the way things were?” Macron said in his television address. “In all honesty, in all humility, we don’t have a definitive answer to that.”

The situation is dire, with the crisis widely seen as more serious than Great Recession of the late 2000s and little sense of international coordination among the Group of Seven or G-20 governments despite the virus’s indiscriminately global reach and repeated talk of doing “whatever it takes.” G-7 finance chiefs will hold a call later today.

The euro-area economy is set to shrink more than 10% in the first half of this year, according to Bloomberg’s monthly survey. French Finance Minister Bruno Le Maire put his country’s contraction at 8%."
Comment:
MILD CONCLUSION - $50 Retest or Run to $60 - 50 / 50 SHOT?

AMD has rallied hard and fast off of $37.75. We are at $55, and within striking distance of $60.

This was predicated on

1. The re-opening of the economy SOON;
2. The work at home play;
3. The strength of the balance sheet - They paid off 1 Billion at the Last Earnings report leaving only .5B debt;
4. The product portfolio, and many other factors.
Comment:
Suggestions

Taking profits at $55

1. If you are a day or swing traders, there is nothing wrong with taking money off the table now, if you are in much lower, and you are not a "long term investor".

2. If you are a long term investor, you hold this baby, and maybe think about taking some off the table at $100. You must be prepared for ups and downs, the volatility on AMD is SKY HIGH.

3. If you have a 1 to 5 year horizon, like we do, you might think about selling some CALLS at this point, if you have the ability to sell options.

$55 Strike or higher? ATM / ITM / OTM?
Comment:
SELLING COVERED CALLS

1. If you have some PROFIT in your AMD stock, and have at least 100 shares, you can sell some calls against your stock. Be aware of EARNINGS on May5th? and don't sell options over earnings, we can discuss that later. You can do weeklies, or bi-weeklies, but April 17 (very short high theta), or April 24, or May 1, makes sense.

OTM

$60 Call - You can sell this, and you can go out BEYOND earnings, but IF AMD retraces to $47.50, you will be in a difficult spot as you keep the premium, but it will only protect you maybe $5 on the downside.

ATM

$55 Call - You can sell this, and probably get $5, look at the dates, and that would cover you until $50 on the downside.

ITM

$50 Call or Less - You can sell this, and you can go out wherever you like, less than 2 months not into next earnings, and you would have some major downside protection, especially if your price is say $45. You would get say $7 for this depending on the dates, and that is $2 of UPSIDE, and massive downside protection.

BEAR MARKET RALLY

If we are in a Bear Market Rally, you need downside protection. Here is more info about covered calls and Bear Markets:
Comment:
AMD - RUN to $60? or retest of $52.50 or $50?

We are not a betting team. We can't even give you the probability on this, but I have a "feeling", we may make a run at $60 like tomorrow, or a retest of $52.50 and possible in the next few days.

We truly believe the $50 level would hold, based on our analysis.

I think the Virus data, the re-opening of the economy, re-infection, vaccines, therapeutics, and so forth, will decide if we continue to new highs, or tank hard.

This is a Stock Pickers Market. You should not be loading up on the indexes or ETFs. You need to find Strong stocks, with Strong balance Sheets, and can do well in this environment.

AMD is such a stock, and one of the strongest.

Cheers,

- Drchelsea / The AMD Whisperer
Comment:
FINAL COMMENT ON OPTIONS ONLY PLAYERS

We have nothing against this. You can do whatever you like, with whatever derivatives there are. We will caution you though, that AMD can move 2 dollars in 2 minutes, and these short-dated options that the day traders love to "load up on" to have at least a 1000 share position, can get you killed in a heartbeat.

You will notice the past 3 FRIDAYS, we tanked on the Friday. This co-incides with OPTIONS expiration, and the institutions that own the shares are just ripping you off and the Volatility on AMD is like .78 right now. That is nuts. This stock can move 7.8% in any given day at this point, and short-dated puts and calls are suicide UNLESS YOU ARE A PROFESSIONAL TRADER.

- Cheers, and happy investing and trading.
Comment:
AMD - BUYING MORE STOCK / SCALING IN

If you are looking to enter AMD, or add to your position, we would "suggest" a pullback. If it happens. It is always best to "scale in". If you want to purchase 500 AMD shares, unless you are loaded, and have a long time-frame, you should purchase in small 100 share blocks. You need to pick points of "support" not "resistance" when you add to stock. You can choose "resistance" if you have knowledge or what have you that the stock is about to break out of that area. Of course breakout plays like today from $52.50 are VERY STRONG.

Friend of Mine / Story

Unnamed. Bought 100 shares of AMD at:

$32 - 100
$36 - 100
$42 - 100
$44 - 100
$50 - 100
$55 - 100

So he currently owns 600 shares, and the average cost is $43.17.

The stock is currently at $55. He didn't accumulate those shares in one day. He started back in the summer of 2019.

So that is the way that long term investors purchase stock, and hold for the long term.

Hopefully you are not sitting on 1000 shares of CARNIVAL CRUISELINES stock when the bottom drops out, and 600 shares is like $25K and would only have a position like that of AMD if you work there, or have a $500K+ Portfolio.
Comment:
Or you are us, and OWN 80 percent AMD in your portfolio. If this is the case, I suggest you eat, breath, and excrete AMD that like no tomorrow, and stay completely on top of it. News, earnings, product releases, analyst notes, conference calls, investor days, earnings calls, and read, read, and then read some more.

Actually this is the case for every single equity you own. Every single one. If you do your homework and research you will make money consistently over time.

We have only lost money 1 year out of 30, in 2007.

We are the Prediction Company

en.wikipedia.org/wik...i/Prediction_Company
Comment:
And if you think that we can publish 200 ideas on here, and have just about EVERY SINGLE ONE make major money, this doesn't
Comment:
happen by throwing darts at a dart board, and chasing stocks. This is from hard work, research, and some of the best software and trading systems we own that will be available to everybody soon, and quite frankly will make your head spin.

Cheers.
Comment:
And the best part, the trading software we are releasing will be FREE. Yes Free.

We are targeting Android (First), IOS (Second), and the Desktop Version. Everything runs on Google Cloud Platform, and is mostly very thin client, except the Desktop version, which requires a whole room of AMD chips to run ;)
Comment:
Actually Android Version is ready, we just need a partner, Robinhood is useless, so we need both a Canadian and US Brokerage partner to launch with first. Stay tuned. June 1 target date.
Comment:
INDEX FUTURES

- Don't bother even looking at these most days; as Cramer says. Limit Up, Limit Down; nonsense. Just volatility is all. Market down 10 percent in the middle of the night, and it opens up green after 10 minutes. Remember when the Chinese messed with their currency, and pegged it below 7.0 or something stupid and the Market was down like 1000 points at 4am. The Market opened up that day and it was green I believe.

So please do yourself a favour (favor), from a team that have lived and breathed the Market for 30+ years, stop looking at the futures. When the Market opens, game is on, not before then.

Nasdaq Future Down -45 points at 11:12EST PM. Can easily be down -100 at 9:15am, and open up GREEN. The futures are NOT a reliable indication of ANY STOCK on ANY PARTICULAR DAY.

I have seen the Market down 500 points, and AMD up $2, I have seen the Market up 250 points, and AMD down $2, so there you go. Day by day.
Trade active:
Getting nostalgic this morning...

The BEST AMD POST OF ALL TIME:

(SHORT and SWEET)

AMD March 18 2020 - $36.75

Comment:
Quote from March 18th 2020 (Most Likely Market Bottom)

0. Notes to follow;
Mar 18
Comment: 1. What do you think the "Stay at Home Economy" will run on, Potato Chips or Micro Chips?
Mar 18
Comment: 2. We are going ALL IN HERE.
Mar 18
Comment: 3. This looks like MAX PAIN. Which we described many times at $37.75.
Mar 18
Comment: 4. There is no way, you buy AMD right here, and it isn't much higher 12 months from now. This is a fabulous buying opportunity here.
Comment:
And of we CALLED the Market Bottom on March 18th

Trade active:
I think our comment from March 18th tells it all in the title:

"AMD - BOTTOM AT $36.75 / MARKET BOTTOM / OPEX / LONG UPDATE"

5AM EST Commentary:

You know this Market is a not easy. 30+ years we have been navigating it with unparalleled success. It wasn't always this way. It is very easy to get down on yourself for bad entries and exits on trades, lost capital, risky moves gone wrong, and those stocks that you were "positive" about, are the ones where you lost money the most. It is important to remember that most times when you purchase stock, you lose on that trade, this is why you buy in small lots and average down. It is time that you have on your side as an "investor", and investing in strong stocks like AMD makes sense. If you bought AMD in the past few weeks and you purchased under $40, regardless if we give a little back as we consolidate higher, you should relax, and maybe be a little proud about a good investment, and certainly in the theme of this site, a GREAT TRADE.

- drchelsea
Comment:
"You know this Market is a not easy".

That typo sounds like a cross between Yoda and Sylvester Stallone in the Original Rocky ;) You have to say it with a punched in the head way too many times voice, a Stallone accent of brain-damaged proportions.
Comment:
NEWS

AMD extends 2nd Gen AMD EPYC processor family with new processors 17:46 AMD, INTC, NVDA, DELL, HPE, IBM Earlier on Tuesday, AMD (AMD) announced it is extending the 2nd Gen AMD EPYC processor family with three new processors that combine the balanced and efficient AMD Infinity architecture with higher speed "Zen 2" cores for optimal performance on database, commercial high-performance computing and hyperconverged infrastructure workloads.The three new processors, the AMD EPYC 7F32 , EPYC 7F52 and EPYC, expand 2nd Gen AMD EPYC performance leadership into workloads that can leverage up to 500 MHz of additional base frequency, and large amounts of cache, making AMD EPYC Companies that may be related to this include AMD (AMD), Intel (INTC), Nvidia (NVDA), Dell Technologies (DLL), HP Enterprise (HPE), IBM (IBM). "
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