Makemoney0
Short

do not chase parabolic moves.buy rosh hashana SELL yom kippur

NASDAQ:AMD   Advanced Micro Devices Inc
The old adage , buy rosh hashana SELL yom kippur, couldn't come at a more perfect time. Even the veterans on wall street like ART CASHIN stated that rosh hashanah buying began earlier than expected. That's bad news for anyone that held AMD . Why? well, for one, markets gone down in general so not good, second, AMD just had an incredible parabolic run and what did we learn from bitcoin when that happens. third, add trump, add yom kippur selling (keep in mind yom kippur begins WEDNESDAY NIGHT) that means SELLING occurs on monday and tuesday to unload shares prior to the wednesday holiday. Its a situation where there is fasting for an entire day (much like the muslim holiday ramadan) do you think the smartest guys in the room are making huge bets for their institutions when everyone else can trade that day and they cant, on an empty stomach? Sure, call me out and call this trivial, but look at the history. The facts are right there. I LOVE AMD , but right now I DONT. and thats ok. Get out while you can, do yourself a favor, turn yourself away from the stock market if you're perpetually long and save face. If you're short, this is your literal DREAM. I wish only the best of luck to the smartest guys using tradingview platform. Ive learned so much from the community here and i want to be able to GIVE BACK. God bless you all and i wish you millions if not billions in your individual brokerage accounts and/or retirement accounts. GODSPEED. NASDAQ:AMD NASDAQ:INTC AMEX:XSD
so, you think to go short on AMD is a good idea right now?
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@avax, yes. I believe you are doing yourself a disservice going long this week. short $AMD (straight stock, not options due to whipsaw movement meaning it spikes and tanks , dont set stop limit because it will trigger it, trust me). short in am tomorrow, close at end of day. short at am on friday close out once you feel momentum is on the downside and oversold.
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goodluck @avax,
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nice chart
+1 Reply
@UJY101, thanks....lots of shorts piling in...all the over exuberant bulls will perish
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