It's that time of year again - AMD earnings report coming up on the 20th after market close. The stock has been frozen between 6.50 and 7.00 for quite some now and volume has remained more or less stable - all of which indicates a base has formed. Now, considering Q3 is coming up, and all the hype surrounding its probably bullish outcome, I'm thinking that now is the perfect time to buy, ride the positive results, and sell at the peak. However, this much hype surrounding an ER could be very detrimental to the stock's price should the results not be as positive as people expect. So what do you say /biz/nessmen? Should I sell my weed shares, go all in AMD and take the gamble?
tl;dr I want to know if there is reasonable evidence for AMD's Q3 ER being great and shooting the stock to the moon, and therefore making it a good stock to purchase in the short term.
>AMD
>>1574751
funny meme.
I might as well be asking for advice from worms, but this indonesian cat-skinning board has been pretty informative in the past. Is there anyone here willing to seriously help?
Nigga that shit is priced in by now.
Maybe if they fucking smash it harder than I smashed your mom last night, otherwise enjoy your bag untill zen launch
>>1574779
>priced in by now
Proof yaself, nigga
>>1574745
>He didn't buy at $2
>He's waiting for it to peak
Lmao, you should be selling right now, it's going to go down when zen flops
>>1574788
>topic is Q3 earnings
>talks about 2017 product
Gud jerb.
Alright, you people will help whether you like it or not.
Here are some of my previous AMD analyses. I'll post the latest in a bit.
We have the range established from $6.24 - $7.12. It closed right near the middle of the range which is at $6.68. A measured move gives exactly $8.00 on the upside and $5.36 on the downside.
My guess is that neither longs or shorts are going to be heavily invested before this result and are going to decide what to do after results. If the results are exactly as expected, it may just waffle around its current range. AMD used to be a serial disappointment and you could almost guarantee it would go down after results, but that's probably no longer the case.
I don't see any good setup going into earnings unless you are using options and playing whether it will move (regardless of direction) or not. A good strategy would probably be to try and buy at the upper resistance line if it the results are good and it opens above there. And the opposite if it opens below the support.
>>1574847
That's really great advice actually. Thanks man. Looks like I'll play it carefully and stick with my weed shares.