I have that AMD is going to reverse up, possibly after MU earnings, however it won't hold - Probably similar to the market. It could be a good short term trade to the upside though and a good pop. Don't hold it though.
Comment:
Yesterday was really the rally in this to fade. I suppose Wed. worked too, but it only got up 1% and that wasn't enough of a pop imo.
I think this sector should be faded for awhile.
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I think this sector should be faded for awhile.