Advanced Micro Devices Inc (AMD)

[Beave]

It may dip that low but I am seeing a lot of support around the 4.10 to 4.13 area. If it does test $4.00, I am confident it will not break below. We were playing around in the over-bought territory anyways so I believe a slight pullback was needed/healthy.

Investors didn't seem to take to kindly to AMD's decision to price their graphics chips for the VR software way below the competitor's prices, either, which is what is fueling today's drop IMO. A drop caused by something like this usually doesn't last long and I actually think the lower price might help carve out a good market share.

It will be interesting to watch. I am adding and holding until Zen, unless something major changes my mind before then. As it stands right now, I am figuring on an average of somewhere around $10.00/share with a low of $8.00 and a high somewhere around $12.00 this fall when Zen is released. These are all my own predictions, of course, and many factors between now and then can have big impacts, positive or negative.