This week short covering should be a bit muted compared to next week. A lot of open positions will be closing next week and all sub $30, vast majority sub $26. Should make for a nice squeeze with the amount of volume!
Entry point= $30( or therabouts)
Exit Target by 9/20=$41
Exit Target by 9/21=$37
Options might be a good play here if you know how to play them.
We've made a really solid run. The good news keeps on coming. Huge day yesterday should give us a solid base above 20 now. If we break and hold 21 early in the trading day, expect shorts to be covering a little extra. Watch for the squeeze to take us up to 21.50 and as high as 22. If we get major players backing us on the push up into the weekend it's possible...
AMD is riding steady against a wave of short sellers. The good news just improves and the earnings report is likely to show strength after the PC market has been seen surging. Get it while the gettins good!
I tracked out a boundary set by the range of push and pull between the shorts and the longs. The price has been tracking nicely inside the lines for the 3 or 4 weeks since I created it. I've actually adjusted the bottom upwards a bit and as you can see it even broke my ceiling before settling back in to the growth pattern I mapped out.
Because the market share and...