Advanced Micro Devices, Inc. AMD

Normally I’m long earnings but I’m sitting out this earnings the potential upside isn’t worth the downside risk. I’ll buy in lower

People this is gonna be a run for the exit. Musical chairs. AMD has and can drop extremely fast. The music is playing don’t take your eyes off the screen. It props up and then boom. I’ve seen this stock drop $5 bucks
In a couple hours.

Death by a thousand cuts coming.

Unless you like losing money you’d have to be crazy buying in this market. Big downside possible. Semi’s will not gain here

Earnings in next 9 days

Short covering

$90 today and $95 opening tomorrow

86.89 support

Even if the chip bill passes it won’t have impact for 18 months

People you have already received the earnings run. We had a great week. There was a major repricing of stocks in the last 6 months. Do you honestly think that we are going right back up again that fast. To many people are expecting AMD share price to pop 10% or more after earnings. I for one think we are going to get a 10% drop. To many people are on the upside move. AMD is going to be cautious on guidance so they don’t shoot them selves in the foot for next earnings. Better to be safe now and not take it on the chin down the road. It’s the prudent thing to do.