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purpurple
Jan 12, 2022 2:06 PM

AMD - Waiting for a pull back Short

Advanced Micro Devices, Inc.NASDAQ

Description

Fundamentals are great BUT the company is overvalued.

Entry price for a Long position 120$. Then keep for the next 10 years

Comment

Start position at 112$ and double it at 100$
Comments
AndrewSTFR
Lol so many shorts on AMD. Shorting at these levels. Gotta have big 🏀🏀
HapMan25
@ProGuyLuis10 For real. it's already sold off so much from it's ATH. Plus earnings is less than two weeks away.
purpurple
@HapMan25, what's up ?
purpurple
Would be fun that people commenting read a balance sheet once in their life..
Crypto2day
@purpurple, true but fact is lots of people do not like to read and only fomo on setups that go to the moon. I am also tempted to do that. I got in AMD for 95 and sold ald 120 in a period of months. Then looking for buy in opportunity at 100 missed it for one UDS LOL. Then it shot up to 165... Now I do look at the technicals and tecnically I wish I got in at 125, I was supposed to but I was not able to act on my alert RSI crossing down 22 hourly....

PE ratio AMD compared to for example Alphabet and Intel is 42 vs 27 vs 11! That is a sign....
What are other elements in the balance sheet you pay attention to?

And what's you opinion on investing in Intel INTC?
HapMan25
It was just at 125 you nut 🥜
purpurple
@HapMan25, 120$ now, who could have predict this ??
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