I shorted AMD when it hit its long-term resistance line. I got stopped out and reopened the position. There's no fundamental thesis for the trade. If AMD breaks through that trendline, it's over.
With that said, here's a bearish take AMD: Dangerously Overpriced, Here's Why
On the broader semiconductor sector, from Slope of Hope: One Possible Future (by Piano Man). The focus in on testing company Teradyne (TER) as an indicator of the sector's direction.
The best trades come when short-term indicators line up with a fundamental shift. For now it's a short-term trade that could get stopped out as soon as today given recently volatility in AMD.
Israeli Missiles Hit Iran, the Price of Oil Jumps 3 Percent
-
In a game of tit for tat, Israel strikes back at Iran for Iran's missile
launch against Israel. Iran's attack on Israel was in response for Israel
illegall...
No comments:
Post a Comment