therancher

Getting ready for a re-entry to AMD, Follow me to make money!

NASDAQ:AMD   Advanced Micro Devices Inc
The post earnings analysis hasn't changed much but have been waiting for another long entry. Looks like it is well on its way after this short runs out of steam. Its the same old AMD rinse and repeat. There is confirmation of a double top via the price movement fell below the A&A Double Top . Everything is laid out on the chart. I have been trading crude primarily but still keep a watchful eye on ol' faithful.
Comment: Still on course. Not a bad entry for a 25%-30% position, but do expect this price to further slide to lower 11's. Not sure if 10.70's is possible at this point but I do forsee lower 11's being very possible.
Comment: And its playing out like a champ!

Comments

I would be comfortable still buying at these levels however I decided to utilize a different strategy. I bought 11.50 calls rather than buying amd out right. With current administration i think this hedges my bet even more so. I can stomach losing a the money on the contracts. I still see high 12's and low 13's for the end of the qtr, but in the event there is no run up I don't want to be stuck bag holding
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Are you lowering your buy PT?
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Nice setup
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*NOTE: Quick edit, time is irrelevant pay attention to share price, I do not think as of the 12th +- a day or two it will hit my target but I know its fast approaching.
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