zbuckley
Short

Careful With AMD

NASDAQ:AMD   Advanced Micro Devices Inc
Market participants who trade or invest in chip companies need to ensure that they're not mistaking cyclical market trends as permanent secular shifts. Remember that you're fundamentally investing in a commodity business, not a consumer staple.

More can be found here: https://aff.whotrades.com/t/b/76m76/
what is your short target price?
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zbuckley qais.rasooli
@qais.rasooli, I've shorted it in two chunks -- just above $27 on Aug 27 (also took profit that day because it later fell below $25, which increased my breakeven to 29.29) and also $32 a couple days ago, which increased my breakeven some more. After today it's actually slightly below my breakeven, so I'm up very slightly on the short. Would add more above $36 and higher if it were to get there.

I'm skeptical that these gains are sustainable in the long-run based on its financials. A lot has to go right.
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