Floor Found, Bullish Continuation of trend
The floor has been found. The bullish trend shall continue unless bears from Goldman Sachs and other big money players continue to suppress the stock to try to scare out smaller investors. The trend, pipeline of deals, refinancing of debt, technological advantage and scalability of infinity fabric, integration into new Apple computers, deals with 'the big 7' with Microsoft, Facebook, Google, Apple, Ali Baba all eyeing AMD products and identifying if they have the support to go with their superior price/chip advantage, Cryptocurrency wind, new Microsoft and Sony game systems, collaboration with Intel, increase use cases and need for Artificial Intelligence and Neural net and visual field computations, I believe strongly that AMD at these levels is a buy.
As long as AMD meet's and/or exceeds predicted earnings for the next two quarters, AMD has the potential for a strong turnaround and to win back market share and mindshare. With over 20% of this stock being held as shorts by bears by companies like Goldman Sachs, if there is an upward swing then it is completely possible we could see a short squeeze as Bears try to cover their trades.
Buy the dip.
As long as AMD meet's and/or exceeds predicted earnings for the next two quarters, AMD has the potential for a strong turnaround and to win back market share and mindshare. With over 20% of this stock being held as shorts by bears by companies like Goldman Sachs, if there is an upward swing then it is completely possible we could see a short squeeze as Bears try to cover their trades.
Buy the dip.