It's a gift from god that the market is nice enough to show longs how wrong they are. Problem is, perpetual longs don't like selling until last possible minute, hence the pain they felt with riding crypto to the top. Longs of AMD
are no different. These amature traders bag hold until the moment TD
, E trade, fidelity or schwab tells them they will close their account unless they sell their bag holding shares. I forgot to mention robin hood but most of the longs on robinhood maintain balances less than 10 dollars. Next time you read advice online from these amazing "robinhood traders" ask how much skin they have in the game. Wait, don't believe what they tell you because even if they can produce a trade confirmation, it's most likely doctored. Don't believe the hype and SAVE YOURSELF. SELL AMD/SAVE YOUR ACCOUNT.
Also, I am not an INTC
bull, this entire industry has reached the end of its cycle.
NASDAQ:AMD NASDAQ:INTC AMEX:SMH