Congratulations, Bears. The writing was on the wall and I should have known better.
What Goldman wants, Goldman gets.
Today is a humbling experience. 256+million shares out of 941 millions shares outstanding have been exchanged (28+%) and the blood bath was real. Bet yet, out of all this fear w/ AMD, I have hope.
2Q around 12 weeks.
Full sales of R7, R5 , Polaris:10-11, SOC Designs, and the remaining stock of FX and other misc goods. a few weeks of Vega:10-11, and a slow ramp of Naples chips sales.
I'm currently holding a lot of Calls that expire in Jan 2018, Jan 2019 and a few shares
To anyone who's still interested in what I have to say, i'm taking a 'gamble' on this stock, and I feel very optimistic of the products and the road map. I am not a technical trader so my charts are bias towards my attitude.
Good luck, guys!
I'm buying on dips!
" I'm not fucking leaving! "
good luck
Hoping for 20 end of 2q , 30 end of 3q and 40 end of 4q Price targets
Comments
Paprik
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I don't know about the products and roadmap, mate. From what I see, AMD barely caught up to NVDA and INTC in the respective fields. "Caught up" is not something you wanna do in tech. Even if the products were identical now, everyone I know picks the brand that they've picked the last 10 years. And it's not AMD, I can tell you that much. They're not a bad stock on the verge of bankruptcy anymore ($2 stock price), but they're likely not even worth $8+ now.
MartyLardy
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@Paprik, interesting point of view and I can understand where you are coming from.
Building A new architecture is always a hard thing to do. And playing catch up is always the last thing a company wants.
However, Ryzen showed just that: how a new architecture can out perform even the best of the old. And Vega is also signs of the same pattern.
Like how used 200hp car modified to 300hp will always fall behind new 300hp production car.
Going to 18-20 q2, 28-30 q3, 38-40 q4.
When intc and nvda releases its new architecture I will reconsider my investment.