AMD MO-MO: GO SPEED RACER GO!
Updated
AMD: a Momentum stock with decent fundamentals. Forward-looking PE is still ~35 but that never stopped the FAANGS from reaching stupid valuations.
Chip stocks took it on the chin this week after Broadcomm tanked the sector on sentiment selling. IMO the street will quickly forget about it and buy Mo-Mo.
FOMC dot-plot and Powell speech will set tone for the summer. I expect a terrific equity rally through July> August to new ATHs in September. Just guessin.'
Been collecting this issue on covered writes below $30. Buy down to $28, where it should enjoy a firm bounce off the TL. Trade at your own risk, GLTA!
Chip stocks took it on the chin this week after Broadcomm tanked the sector on sentiment selling. IMO the street will quickly forget about it and buy Mo-Mo.
FOMC dot-plot and Powell speech will set tone for the summer. I expect a terrific equity rally through July> August to new ATHs in September. Just guessin.'
Been collecting this issue on covered writes below $30. Buy down to $28, where it should enjoy a firm bounce off the TL. Trade at your own risk, GLTA!
Note
Looking good to start...Note
Looks like technical breakdown. Close if it breaks below TL.Note
Has followed the suggested path remarkably. Can it get to $36? Still long.Trade closed manually
Did not reach new ATH with indexes on 7/11/19; closed calls for nice gain.
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