5/6/24 - $tdc - want to own but only playing a dip ex post

5/6/24 - vrockstar - like the narrative here all around (ai-support) but w/ AMD's comments, rates holding back b2b spending... i could see more risk to longs here vs. shorts. so while i think the right way to look at this is '25 EPS, any re-rate to '24 here would pull that $2.7/shr down to perhaps 2.5$ and that's about 12-15% annualized cagr depending on how bearish/ bullish you might be. if that's also the case the multiple is probably closer to 15x than 20x on the curr year #. but let's say 15x on the 2.5$/shr for '25 EPS... which is where the stock trades today. the conclusion is... i'd be dip buying anything > 10% move lower. targeting the 33-34$ region where i'd start to get to about half a single-name size (on my book risk metrics) and anything sub $30 i think you can buy hard w/ confidence of a retrace outside a wild miss to growth/ expectations/ speech.