we've seen this movie before; SHORT AMD

Name: we've seen this movie before; SHORT AMD
Uploaded: 2021-01-03T00:00:48.683541
Channel: r3anand
Description: I've looked at the longterm charts of AMD to make the case that it's showing similar price action as previous bull markets and I would like to assume this bull market will end the same way. There is little to no upside for this stock which is a good reflection of how the semiconductors or tech will perform in the coming months.

Short

Advanced Micro Devices Inc (NASDAQ:AMD)

NASDAQ:AMD Advanced Micro Devices Inc

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I've looked at the longterm charts of AMD to make the case that it's showing similar price action as previous bull markets and I would like to assume this bull market will end the same way. There is little to no upside for this stock which is a good reflection of how the semiconductors or tech will perform in the coming months.

Comments

SHORT, yes if u wanna go for economic disaster :D

How did your puts go?

SarahTrade

@SarahTrade, last week the stock was down a decent amount due to earnings, so i capitalized on that and closed my position. I am definitely thinking of buying longer dated puts on this again

r3anand

@r3anand, premium isn't cheap though