I like that thought process and your most likely right, but i dont like the thought of buying NVDA over 170. Big AMD up day seems much more plausible to me, AMD is a non stop trader with lots of eyes on it, people must see that bounce coming on AMD, IMO.
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The Super Terrific Happy Hour
- Thread starter Max E.
- Start date
I like that thought process and your most likely right, but i dont like the thought of buying NVDA over 170. Big AMD up day seems much more plausible to me, AMD is a non stop trader with lots of eyes on it, people must see that bounce coming on AMD, IMO.
As long as NVDA doesn't sell off in a big way, I like AMD as a long too. But it'll be a tight range.I like that thought process and your most likely right, but i dont like the thought of buying NVDA over 170. Big AMD up day seems much more plausible to me, AMD is a non stop trader with lots of eyes on it, people must see that bounce coming on AMD, IMO.
However....If NVDA does start heading up strong, AMD will take out $14 in the blink of an eye and thats the move we want to catch. Keep a NVDA chart up... its gonna lead.
As long as NVDA doesn't sell off in a big way, I like AMD as a long too. But it'll be a tight range.
However....If NVDA does start heading up strong, AMD will take out $14 in the blink of an eye and thats the move we want to catch. Keep a NVDA chart up... its gonna lead.
Yep i agree 100% any NVDA puke all bets are off, like i said i want to see AMD start somewhat of a grind over 13.20, so its going to take a bit for it to develop not just something to pile into right off the bat, its just something to keep a tight eye on.
You can bet your ass it will start trading above $13.20 pre-market tomorrow.Yep i agree 100% any NVDA puke all bets are off, like i said i want to see AMD start somewhat of a grind over 13.20, so its going to take a bit for it to develop not just something to pile into right off the bat, its just something to keep a tight eye on.
Thats gonna be the tricky call right there.
Do you jump in then.... or wait for a pullback (that might not come) at 9:30. I don't think we'll be able to get in below $13.10 pre-market.
I definitely like it as a long tomorrow as it stands right now. Could have a nice move.
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You can bet your ass it will start trading above $13.20 pre-market tomorrow.
Thats gonna be the tricky call right there.
Do you jump in then.... or wait for a pullback (that might not come) at 9:30. I don't think we'll be able to get in below $3.10 pre-market.
I definitely like it as a long tomorrow as it stands right now. Could have a nice move.
Because there is no news i would wait on it to establish a trend, i.e. wait for it to keep holding over 13.20, its probably not going to explode through that, because its a monday in the summer with no news, its just something to be cognizant of, I.E. if it holds over 13.20, bounces it a couple times start building into it long, in an uptrend expecting a pop through 13.50 to sell in too.
I also think there is a good chance AMD share price will rise tomorrow. Mubadala announced Friday that it completed sale of 40 million shares (3.9% of outstanding shares). I think 40 million shares is enough to explain the 8 days in a row AMD has been down. I worry that GS is about to publish a down grade of AMD again though. Here is one story:
https://www.thestreet.com/story/142...arket-as-abu-dhabi-s-sells-part-of-stake.html
https://www.thestreet.com/story/142...arket-as-abu-dhabi-s-sells-part-of-stake.html