ok so AMD has been on a insane run, and has been the best performing stock and chip stock in 2019, and still hasn't cooled down in 2020. Momentum is clearly behind this name. I've been playing it since 12$ and tightening stops tighter and tighter at these levels. Looking at the monthly chart and going back in history shows AMD can make a run to 60 with the momentum it has. Analysts have raised the price targets and personally I think they are following price and not fundamentals. I love AMD stock especially with the returns it's given, but I think earnings will need to be insanely good to hold this price.
Pigs get slaughtered, My advice is playing with options and tighter stops in this momentum that AMD has. I love their story and CEO Lisa Su, but over my term, in investing I try to stay away from falling in love with stock especially a big gainer.
5/15 70 calls had some volume , and im playing the 55 2/21 calls as well.
Pigs get slaughtered, My advice is playing with options and tighter stops in this momentum that AMD has. I love their story and CEO Lisa Su, but over my term, in investing I try to stay away from falling in love with stock especially a big gainer.
5/15 70 calls had some volume , and im playing the 55 2/21 calls as well.