Replies to post #2688 on AMD strictly moderated (AMD)

[Michael Moy]

The chart looks like a short-term bottom has been put in. It formed a hammer on the chart and it looks like it is curling out of oversold.

Intel made a low and a lower high though it looks like it was by
a tiny amount. On a momentum basis (MACD Histogram and Slow Stochastic), the direction is still down.

I didn't take any positions today as I was fairly busy.

[HailMary]

but might get back in again before earnings

I'm considering making an earnings play as well. I'll probably use some out of the money calls to do this. I'm waiting for the april premiums to come down. I think AMD hasn't hit to bottom yet, but I could be wrong, in which case I'll miss the opportunity. I'm waiting for the round of analysts over the next couple of weeks to declare AMD as 'roadkill'. I almost miss Ashok for his laughable comments.