We are long AMD from $1.85 see Surf Report for real time entry record.
expecting at least 100% on this one----
surf
expecting at least 100% on this one----
surf
Marketsurfer says LONG AMD
- Thread starter marketsurfer
- Start date
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He doesn't have a stop. He can afford to lose $1.85. Just has to skip the 2nd pint of ice cream tonight....
No, i don't believe in fixed stops-- rather position sizing and letting the market tell me what to do.
I expect at least 100% gains on this one.
surf
He doesn't have a stop. He can afford to lose $1.85. Just has to skip the 2nd pint of ice cream tonight....
Harsh
"We" as in you and your kid brother, paper trading from your mom's basement?
Surf,
What are your objective reasons to believe that the stock will trade higher?
"There are several bullish catalysts-- we are expecting improvement in the third quarter and the GPU market looks ripe here."
What are the bullish catalysts and why are you expecting improvement in to the third quarter?
Please don't take this post as condescending I merely wish to observe your resigning behind the trade.
What are your objective reasons to believe that the stock will trade higher?
"There are several bullish catalysts-- we are expecting improvement in the third quarter and the GPU market looks ripe here."
What are the bullish catalysts and why are you expecting improvement in to the third quarter?
Please don't take this post as condescending I merely wish to observe your resigning behind the trade.
Harsh
I would prescribe a low carb diet avoid anything processed.
From 2000 peak to 2006 peak it made a lower high.
Then from 2006 peak to 2008 low's bounce, it couldn't even retest the 23.6% fib level.
Then 2008 low to 11/2012 support was broken on July 2015...Since then it seems to be coiling around this level. 9/11/2015 was a gap fill and it may look to test 2.42.
In terms of risk/reward I do like it, about a 2-3% risk for 20% short term target.
The chart itself needs more bullish signs however and at least a higher high for me but I still like it in terms of a trade.
Then from 2006 peak to 2008 low's bounce, it couldn't even retest the 23.6% fib level.
Then 2008 low to 11/2012 support was broken on July 2015...Since then it seems to be coiling around this level. 9/11/2015 was a gap fill and it may look to test 2.42.
In terms of risk/reward I do like it, about a 2-3% risk for 20% short term target.
The chart itself needs more bullish signs however and at least a higher high for me but I still like it in terms of a trade.