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Well, well, well, what do you know. An update about the audit released today in a PR! This is a good positive step, that it is out of the hands of the outside auditing group and now it is going into the hands of the lawyers. Let's hope that the effort doesn't die there at the hands of the lawyers.
Yes I suppose so, I did some trades but I can't be a day trader, my mistake here was getting back in at the price I did, thinking it was coming down from over 34 but was going to quickly hit or pass 35, so far it has sunk below my buy in and has not returned there. I think it's headed north but it's going to have to make up for lost ground, but then we should see it climb again, maybe to $38 or even $40. Right now I am sort of afraid to get out take a loss then get back in on one of these almost daily lows of a buck and a half dip then exit on a high, then repeat the process a time or two to make up for the loss. I'm thinking about it but it is risky and the last time I sis it I had to wait 2 days for everything to settle before I could play again.
Another thing. Ny first brush with AMD was years ago I got in and out when it was fluctuating around $4. I am surmising from what you sid that it went down to $2!!! Wow, amazing, This past long run up to $34 truly is amazing and if you have been along for the ride that whole time I can see why you would be happy, and with very good reason.
I( suppose you are right on this point viewed from that position. I however entered in and exited a few times. My last entrance point leaves me at 33.76....we are down some 4.5 percent this week, so I hope you can appreciate my position. It has been frustrating to see this climb like clock work during pre and post market hours and then in fairly short order lose all gains on a daily basis for the past week or so.
AMD Bags Second Price Target Hike In Two Days
12:27 pm ET September 21, 2018 (Benzinga) Print
For the second day in a row, a major Wall Street firm has reiterated a bullish outlook and raised its price target for Advanced Micro Devices, Inc. (NASDAQ: AMD).
The Analyst
Jefferies analyst Mark Lipacis reiterated a Buy rating on AMD and raised the price target for the stock from $30 to $36.
The Thesis
A day after Stifel raised its price target for AMD by 80 percent, Lipacis echoed the argument that AMD has a major window of opportunity in the near-term thanks to missteps by rival Intel Corporation (NASDAQ: INTC). (See the analyst's track record here.)
A new report from Fubon Research suggests Intel will not be able to fully supply the high-end PC MPU market through at least the second quarter of 2019, and Lipacis said Intel’s loss is AMD’s gain.
Beyond the market share opportunity, the analyst said Intel’s struggles also help AMD’s fundamentals as well.
“The best scenario for AMD is when Intel is capacity-constrained — not only does AMD benefit from share gains, but also from benign pricing which leads to higher margins."
In the longer-term, Lipacis said it’s encouraging that Intel seems to be gaining a foothold in the high-end commercial desktop and server markets, a sign that its strategy to focus more on performance than price is paying off.
AMD’s share of the server, desktop and notebook markets could grow from 10 percent to as high as 30 percent in 2019, the analyst said.
Price Action
AMD stock was higher by 1.76 percent at the time of publication Friday following the positive commentary and is now up 205.9 percent year-to-date.
I want to say one thing to temper my remarks yesterday. There are things that we can independently verify, but they are mostly limited to the fact that AMMX has DOD/ Military contracts and has had them in past. Mostly dealing with leasing/renting equipment (cargo handlers). But that is about it folks.
At the time of this post the day's high was 32.42, it was looking good, then the ask started to decline and we are currently down, lower than the open which was 31.19, we are at this moment down 1.32 from the high and down about a dime from the open. Why can't this seem to retain gains?
So far today's action is looking very good for us, regaining some lost ground.
I'll be an optimist and say that after that there is still room to grow. Several of the gurus have raised target price expectations past $35 to $38 and $40 and beyond. I think we will have to see what happens with respect to the supply and demand part of the equation in 2019. AMD is well positioned to increase market share at Intel's expense.
I have applied to be added as a moderator for this board. I am not a major investor, no special knowledge or experience in investing or the stock market. I am just a regular guy, forced into early retirement due to a work related injury. I have no axe to grind with AMD or anyone I have seen on this forum. I am convinced that AMD is a very good company with a very bright future. I have a very modest position here and I expect that I will either be in and out several times but I have decided to maintain at least a small position in the company and perhaps increase this as my finances allow. I hope to help maintain a good forum and promote interesting discussions and exchanges of facts, opinions etc. that focus on our mutual benefit. I will seek to conduct myself and the moderate the board in the spirit of the IHUB rules and guidelines. I look forward to being accepted and I look forward to getting to know you all better as time goes on.
Orca, these are all very good things, great points, facts that should make a positive difference and support the stock, but apparently they don't and what I find truly disappointing is that we are not hearing these things in statements from the company, instead we have to rely on fellow investor's like yourself for these significant facts. Unfortunately, we (you) do not have a big enough megaphone to broadcast these things into the market place.
Umm, I sold the majority of my shares, what I have left is not worth talking about.
Right you are. It's hard not to get the impression that Lee's attitude is that "it's my company we are going to do it my way, I have the only opinion that counts, investors be damned." There is not a dingle shred of evidence that can be independently confirmed that there ever was a Niger Truck deal, nor a Ghana Railroad deal, etc. Maybe if someone had some juice we may be able to get someone from the State Department to tell us if he ever went to these foreign lands, Niger, China, etc. Even if he did, we have no idea what he was doing there, for all we know he went on safari or big game hunting. There were a number of people that were begging him to produce the slightest evidence that any of these events were true. All we got was a self serving indignant response of "how dare we question his honesty and integrity". For all I know maybe the whole thing is a cover operation for smuggling illegals into the country or something.
Is AMMX a total scam, no I don't think so. But I am treating it for now on as a slow rolling P&D that occasionally gives a person a chance to make a profit, but you have to be willing to hold for a few years between opportunities.
Under most circumstances I would agree with you on this, BUT AMMX has a real credibility problem and it is painfully obvious if one takes the time to read the company's history, it's statements in PR's on all kinds of things. When AMMX starts executing to plan and pronouncements that will change things and start win back investor confidence. I can't tell you how pissed off a bunch of investors got during and after some indignant statements Lee made during a CC question and answer session. People wanted explanations, they felt Lee wasn't being transparent with them, he blamed his investors for poor stock performance for one thing. He basically said he wanted people that did not take his word for gospel and dare to ask difficult questions or for some kind of independent verification of actions and claims-that we should all go away!! IN fact, the man NEVER once answered any email I sent to him. Marty reads all of his mail and email, ev3en if it marked personal and confidential. So you can't even engage him, not even if you had some kind of proof he was being robbed or something.
Agreed this is a GREAT company. I think the biggest mistake I ever made was getting out of AMD , when I first got in it was $4 a share!!!! Problem was it just sat there doing nothing and I thought to make my money work for me in other adventures, most of which were losers. Oh well, such is life for a newbie investor, a fool and his money are soon parted as the saying goes. The most painful but valuable lesson I think I have learned over the past 5 years is a better understanding of when to get out.
I sure hope so. I am starting to think the only way for me to exit, ( disclaimer, I don't really want to exit, but I am under a lot of financial pressure) is to sell during extended hours. I have a little time left and I am hoping some other posters are correct with their analysis and I can exit minimizing loss or make a small profit for my troubles. The day is still young, we'll see. The asnalysts opinion piece and reasoning for raising his price target is something that I was talking about in the past few days. AMD has the 7 nan chips, Intel does not and intel is having troubles and is struggling to supply the 10 nan chips. Clearly if the4 programmers etc can make full and efficient use of the 7 nan chips it will be a generational jump ahead and game graphics etc are going to unbelievable. One more thought on this, this is going to be a boon to the field of AI.
I just don't understand the price action on this stock. It seems to rally post and premarket, like this morning to over $32 per share and then the market opens and all these bozo's show up and keep lowering the ASK.....WTH???
AMD's stock rallies after analyst boosts price target 81%
8:02 am ET September 20, 2018 (MarketWatch)
Share
Print
Shares of Advanced Micro Devices Inc. (AMD) rallied 2% in premarket trade Thursday, after Stifel Nicolaus analyst Kevin Cassidy raised his price target by 81% to $38 from $21, citing increased optimism regarding market share gains. Cassidy's target, which is 22% above Wednesday's closing price of $31.21, is now the third highest among the 31 analysts surveyed by FactSet; FBN Securities and Rosenblatt Securities both have $40 price targets. Cassidy said that since he upgraded AMD to buy in April, management has continued their "stellar performance" of executing to plan. He said the 7-nanometer EPYC server chip is sampling to customers, which is expected to generate revenue beginning in the second-half of 2019. "Meanwhile, Intel not only hasn't had a competitive response but is likely struggling to meet demand," Cassidy wrote in a note to clients. "This opens the door for continued market share gains by AMD, in our view." AMD's stock has tripled year to date (up 203.6%), while Intel shares (INTC) are little changed and the S&P 500 has gained 8.8%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
AMD rallies premarket with announcement:
Advanced Micro Devices Is Maintained at Buy by Stifel Nicolaus
7:23 am ET September 20, 2018 (Dow Jones) Print
Advanced Micro Devices Is Maintained at Buy by Stifel Nicolaus
Ratings actions from Benzinga: https://www.benzinga.com/stock/AMD/ratings
(END) Dow Jones Newswires
September 20, 2018 07:23 ET (11:23 GMT)
Advanced Micro Devices Price Target Raised to $38.00/Share From $21.00 by Stifel Nicolaus
Ratings actions from Benzinga: https://www.benzinga.com/stock/AMD/ratings
(END) Dow Jones Newswires
September 20, 2018 07:23 ET (11:23 GMT)
DJ Advanced Micro Devices Price Target Raised to $38.00/Share From $21.00 by Stifel Nicolaus
Ratings actions from Benzinga: https://www.benzinga.com/stock/AMD/ratings
(END) Dow Jones Newswires
September 20, 2018 07:23 ET (11:23 GMT)
Please share with us the basis for your prediction. I'm all ears.
I held off selling today. I hate having to take a loss and the current indicators are giving me the confidence I need to hang in there. My average cost per share is 33.76, so I am currently down 2.55 per share. To some this is not so bad, but I am not so well funded that I can absorb this. My objective was to be a short term investor and make a small profit, instead shortly after my last buy we have been going down, for no apparent reason. Who knows maybe that guy that is talking about sector rotation has it right. So maybe if you can share the reasons for your optimism it would be helpful to me and others in making a decision.
One thing that I don't understand is that it appears that almost every day this stock climbs in after hours trading, then opens lower and the4 early trades seem to take it down further. Has anyone else noticed this? have an explanation? Also there was a notice of change of beneficial ownership about an hour ago, notifying that an entity sold 50K shares at 31.52 per share.
Well if they get them, I hope they are willing to ride it out until the next run, but alas I am afraid we are going to sub penny and the shares bought at 0.0119, let's round it off to $6k are going to be worth $4k if we hit 0.008 again. However, if he holds through that possibility and we have another big run up to 0.03 or 0.035 that would make a 3 bagger at 15-17K. It's an individual decision as far as the risk assessment. I am in no position to put 5 or 6 grand on the line for god knows how long to see a worthwhile profit. I'll think about it when I am convinced we have bottomed out again and I start to see us begin a recovery of some kind. Seems to me that other companies have strategies to maintain stock value and combat loses, while AMMX seems to do nothing.
I appreciate your chart and trading channel analysis, but it foes not speak well for my personal position. I am very concerned and do not like what the other standard charts are signaling, particularly the NACD chart. I also do not like what the VWAP is saying. I am considering taking a loss of $2,50 a share at this point to avoid taking a greater losses. If I get out it would negate some modest gains I got on earlier trades and then some but overall the loss would be not that bad. I am thnking the market forces have turned on AMD and the upward momo is over, it seems to me that there is now more downward pressure and it is more likely we will see 28 than 35.....
I think the initial idea was an interesting and appealing concept, but then a realistic evaluation of it leaves one with the understanding that this was a novelty. Not the kind of thing that is going to take the market by storm and be found in every refrigerator across the nation. That is a big reason why I lost faith and got out never mind all the financial and manufacturing BS that was going on.
Why is it that Morgan Stanley seems behind the curve in it's evaluation of AMD? Yes it is true that they increased their opinion on target price but they went from $11 to $28 per share. The majority of the stock "wizards" save one or two that I can think of were significantly higher. One of the naysayers, Piper Jafferay, I think was way off base saying there could be a 100% pullback! 100%, come on that's ridiculous.
Ok, thank you for your quick response. This knowledge factors in heavily in my calculus and perhaps provides some partial reason for what is currently happening.
I take your point about negativity well. As to the convenience factor of the product, I can buy a big bag of pre-made frozen pancakes with different flavors such as plain or blueberry, chocolate chip and strawberry in the market. They fit quite nicely into a toaster or toaster oven and can be heated up in the microwave. I forget what the cost comparison was that I came up with, but I assure you I got more for my money purchasing the pre-made frozen pancakes and there was no "cooking" involved and virtually no cooking mess to clean up either.
How many manufacturing facilities does AMD have and where are they located? This information is not in the Ibox. I think it is important to know where the manufacturing base is located. I would consider it a plus and an advantage at this time if manufacturing is predominantly located on shore on the North American continent if not in the USA proper. Things might get a bit hinky if manufacturing is mostly located in China or Taiwan.
don't forget about the employees and the BOD....LOL
Still no word from the company. It seems to me from historical events that the company is quite content to leave the shareholders hanging and just let the stock slip back down to sub penny.
Really SAD.
My last 2 buys were both above $33 and close to 34. It's starting to look like I am screwed. I am getting the feeling we are headed to 28 and maybe 25.
Thank you. I would if that might be the case, similar to current human embryo storage I suppose. I guess you don't know if everything is ready and in place to commence trials? I ask this question in a specific manner because I have heard several times that a company was ready to go to clinical trials on humans only to find out that they were telling partial truths or that they were waiting for some kind of regulatory approval of some kind or some other critical piece that never materialized. I would be careful and wait until word is out that trials have actually begun, IMHO, otherwise it is little more than stating "the check is in the mail".
Do they still have product available on line or otherwise? I want to get a specimen for my novelty collection and keep it on display in the "things bought without much thought" section. This sounded like a good idea to me at one time, until I started to really think about it. I just could not see the advantage of purchasing such a product even for convenience sake as it does not seem to be economically competitive, also from personal testimonies from posters swearing that they had the product, the taste and quality were not at a level that would justify purchasing it.
Say, I check in every once in a while for old times sake, how is the pot insurance business going? I see it's at 0.24 per share now.
Are they prepared and cleared by regulatory, legal and other constraints to actually begin clinical trials? I have no clue what the shelf life is on the product, but it would make sense to me that it is not very long since we are talking about living cells are we not?
Another unfounded, unjustified prediction comes out by Piper Jaffrey, trying to scare people so he can cover his shorts and his short friends I bet. It is damned irresponsible to publish statements like what he put out this morning, scaring people with the possibility of a 100% retraction, abusing historical data, taken out of context and ignoring the growth and improvements in the company and it's new technical advantages in the market place.
Confusing, to say the least. Most of these stock wizards are positive on AMD with target prices anywhere from $30 to $46 dollars I think. I'd just like it to be trading back at my buy-in price which was over $33.....
very Interesting to be sure, however, in comparison to what the cost to the company would be on an equivalent rental property, it's cheap rent.