AMD stock set to soar after Aug 5?

[Andrew_Jackson_FTW]

Well August 5 is a big day for AMD as they release their earning report. Some in the industry are expecting the stock to sore after what will hopefully be a positive Aug 5 report. It’s already up notably in the past few days with regards to anticipation of that report. Folks are saying this could be the next Nvidia.



I’m in on AMD…. I purchased shares for about $104 a share a few months ago and recently got more shares at about $167 A share.

 

[Rambunctious]

Just Buy what Pelosi buys....

 

[Cellblock2429]

Well August 5 is a big day for AMD as they release their earning report. Some in the industry are expecting the stock to sore after what will hopefully be a positive Aug 5 report. It’s already up notably in the past few days with regards to anticipation of that report. Folks are saying this could be the next Nvidia.



I’m in on AMD…. I purchased shares for about $104 a share a few months ago and recently got more shares at about $167 A share.

/——/ I have 200 shares of AMD at $147. I also sell a cash secured put each week for about $225.

 

[Andrew_Jackson_FTW]

Just Buy what Pelosi buys....

Yes, not a bad idea. Apparently, there’s some sort of a website or app that tracks what politicians are buying.

Honestly, I am no expert at all about companies on the market. AMD appealed to me because it has a good buy rating on Robin Hood and various experts are saying good things about it.

Happy to be up about 50% on my AMD and super micro stock

 

[MisterBeale]

 

[Andrew_Jackson_FTW]

/——/ I have 200 shares of AMD at $147. I also sell a cash secured put each week for about $225.

That is an interesting strategy. Again I still have a lot of reading to do on put some options and what not. I read over a basic explanation of a cash secured put. Looks interesting.

One stock guy did a video on AMD showing a number of charts where the stock could potentially be worth $1000 per share five years from now. I’m hanging onto my shares I’m in at an average of 126$ per share at the moment.

 

[Cellblock2429]

That is an interesting strategy. Again I still have a lot of reading to do on put some options and what not. I read over a basic explanation of a cash secured put. Looks interesting.

One stock guy did a video on AMD showing a number of charts where the stock could potentially be worth $1000 per share five years from now. I’m hanging onto my shares I’m in at an average of 126$ per share at the moment.

/—-/ I may use the Put premium to buy more shares. It’s like getting one free share a week.

 

[egp320i]

currently 3 holds and 3 buys, price point is 155, that is less than what it's at now of around 184, good news can change that of course

 

[Luckyone]

Well August 5 is a big day for AMD as they release their earning report. Some in the industry are expecting the stock to sore after what will hopefully be a positive Aug 5 report. It’s already up notably in the past few days with regards to anticipation of that report. Folks are saying this could be the next Nvidia.



I’m in on AMD…. I purchased shares for about $104 a share a few months ago and recently got more shares at about $167 A share.

Charts suggest the probabilities favor a correction starting after the earnings report comes out. Downside objective being the $153 level or perhaps as low as $141.

Almost every single stock that reported better than expected earnings this week (AAPL, AMZN, META and a few others) reported better than expected earnings but sold off immediately after the earnings report came out. META reported "blockbuster" earnings and rallied 13% right after the report but closed on Friday just 1% higher than the previous all-time high daily close made just 4 weeks ago and gave up 6% of the 13% rally that occurred right after the report came out.

The market is overbought and started a correction this week in spite of all the good news that came out. I expect AMD to do the same.

One thing to look at this week after the August 5th earnings report. There is strong "daily close" resistance at 183.93. If the bulls do not break it, the probabilities of a drop down to one of the two levels mentioned above, will likely occur.

One thing that is most important to me is protecting my capital. I do not take risks where I could lose more than I am looking to make. This is the case here with AMD if you buy it at this price this week.

 

[Andrew_Jackson_FTW]

Charts suggest the probabilities favor a correction starting after the earnings report comes out. Downside objective being the $153 level or perhaps as low as $141.

Almost every single stock that reported better than expected earnings this week (AAPL, AMZN, META and a few others) reported better than expected earnings but sold off immediately after the earnings report came out. META reported "blockbuster" earnings and rallied 13% right after the report but closed on Friday just 1% higher than the previous all-time high daily close made just 4 weeks ago and gave up 6% of the 13% rally that occurred right after the report came out.

The market is overbought and started a correction this week in spite of all the good news that came out. I expect AMD to do the same.

One thing to look at this week after the August 5th earnings report. There is strong "daily close" resistance at 183.93. If the bulls do not break it, the probabilities of a drop down to one of the two levels mentioned above, will likely occur.

One thing that is most important to me is protecting my capital. I do not take risks where I could lose more than I am looking to make. This is the case here with AMD if you buy it at this price this week.

If you’re holding AMD for five years, plenty of industry are saying it’s a good buy

 

[The Duke]

AMD is way up. Would not buy right now.
There was something seriously messed up with NVIDIA stock.
They didn't even produce anything for 2 years and their stock kept going up?
There was some chicanery about that, IMO.

 

[Luckyone]

If you’re holding AMD for five years, plenty of industry are saying it’s a good buy

At this time and with Trump as president, the future is very uncertain, but it leans toward "grim" and I would not hold on to ANY trade while he is president, because you might end up broke.

Protecting the capital is more important than profits (at any time but now even more).

In 1980 I took a big loss that caused me to be down economically for years. I will NEVER let that happen again

 

[Andrew_Jackson_FTW]

At this time and with Trump as president, the future is very uncertain, but it leans toward "grim" and I would not hold on to ANY trade while he is president, because you might end up broke.

Protecting the capital is more important than profits (at any time but now even more).

In 1980 I took a big loss that caused me to be down economically for years. I will NEVER let that happen again

History doesn’t show that. Worst year we have had recently was under Joe Biden in 2022 when the S&P 500 lost about 19%.

 

[Andrew_Jackson_FTW]

At this time and with Trump as president, the future is very uncertain, but it leans toward "grim" and I would not hold on to ANY trade while he is president, because you might end up broke.

Protecting the capital is more important than profits (at any time but now even more).

In 1980 I took a big loss that caused me to be down economically for years. I will NEVER let that happen again

Weren’t you saying this since Trump took office at the beginning of this year. That the markets would tank?. You’re way off.

The Sp 500 this year is up 6%…. I suspect you were providing the same gloom and doom scenario when Trump took office during his first term? which was also a success for the markets. So you’re taking politics over facts…. always unfortunate when it happens.

Get back to us if the S&P 500 loses more than 18% this year. Even then that will tie the worst year we we had recently under Joe Biden in 2022

 

[Luckyone]

Weren’t you saying this since Trump took office at the beginning of this year. That the markets would tank?. You’re way off.

The Sp 500 this year is up 6%…. I suspect you were providing the same gloom and doom scenario when Trump took office during his first term? which was also a success for the markets. So you’re taking politics over facts…. always unfortunate when it happens.

Get back to us if the S&P 500 loses more than 18% this year. Even then that will tie the worst year we we had recently under Joe Biden in 2022

View attachment 1144195

The markets DID tank after Trump took office (DOW went from 45000 to 36600) but then the tariffs were put in place and tariffs do lift markets at the BEGINNING.

Nonetheless, the END result is yet to be seen. Ultimately (a year or two at most), they are likely to tank in a big way................unless Taco man shows up again.

 

[Luckyone]

History doesn’t show that. Worst year we have had recently was under Joe Biden in 2022 when the S&P 500 lost about 19%.

View attachment 1144193

There was a very good reason for it and it WASN"T Biden. It was the pandemic that was at its peak!!!

 

[SweetTea]

There was a very good reason for it and it WASN"T Biden. It was the pandemic that was at its peak!!!

The pandemic was not at its peak in 2022, in fact, it was winding down.

 

[Luckyone]

The pandemic was not at its peak in 2022, in fact, it was winding down.

BS. Check it out. The infections grew by the millions after Trump left office, a lot of it due to the bad handling of the pandemic by him.

 

[The Duke]

BS. Check it out. The infections grew by the millions after Trump left office, a lot of it due to the bad handling of the pandemic by him.

Or..
Due to the clot shots not immunizing people and being poison.

It literally was AIDS too, The Banker

 

[Cellblock2429]

Well August 5 is a big day for AMD as they release their earning report. Some in the industry are expecting the stock to sore after what will hopefully be a positive Aug 5 report. It’s already up notably in the past few days with regards to anticipation of that report. Folks are saying this could be the next Nvidia.



I’m in on AMD…. I purchased shares for about $104 a share a few months ago and recently got more shares at about $167 A share.

/-----/ I made $4,500 on 200 shares and sold out when the news broke after hours.