$Advanced Micro Devices (AMD.US)$ time to sell it , this is ...

digimonX : Missing the forest for the trees... AI opportunity is huge. Just look at nVidia's price actions. AMD is just ramping MI300. Need to be patient to make $.

PicholoOP : you are absolutely right

PicholoOP : patient is key , thank you digimon

digimonX : BTW,  a few more things to note.  (1) AMD's price action after earning's release from -$4.50 to +$9 the next trading day was due to investors loading up shares in anticipation of the company ramping AI chips.  It was not due to short covering/squeeze.

(2) Short interest has increased to abt 31 million shares.  If share price keeps creeping up, there could be a possibility of short covering/squeeze, giving the price a nice boost.

(3) Nov & Dec are seasonally positive months for stocks. So, keeps our fingers crossed.

Zarnii : It is still has to come down to 105.40. Below is put printing.

Milk This Cow digimonX: i explained it to my wife, all in all, i summarized it to the month of electronic buys are in Nov and Dec. but that interest rate is getting ridiculous

digimonX Milk This Cow: The seasonality that I mentioned is the general santa claus rally towards the year end.  Nov & Dec are typically positive months for stocks, not just limited to electronics.  Sep & Oct saw a brutal sell-off. Interest rate is seen as peaked, at least for now. The Fed chair's speech earlier this week is also interpreted as slightly dovish.  The jobs report out today is below expectations, & interest rate retreated.  All these bode well for the stock market, giving temporary comfort for market participants to launch a rally.  Personally, I think the stock market will do ok towards the year end. But as usual, Mr Market is very temperamental.  Need to have patience & a strong heart.

PicholoOP : Digimon, my bet for the end of the year is a bloody bath ... all this means we are going into a recession  they holding high interest rates for too long

digimonX PicholoOP: Many analysts have said last year that we should be in recession this year.  Has not happened & the US economy grew by 4.9% in the most recent quarterly report.

Generally, I am not disgreeing with you. Recession (or not) is the million dollar question. The right bet will make one a lot of $.  There are 2 camps (1) saying recession will hit based on traditional metrics (2) thinks this time is different.

I am leaning towards 65% to idea (2) & 35% to (1).  We have seen a lot of "this time looks different" in recent years.  Covid period should have caused a recession. There was a sharp drop in the market initially but then also a rapid reversal, especially in tech stocks that saw new highs.  

My next thought is that companies & investors are sitting on large piles of cash. Will recession cause companies like Amazon, Microsoft, Meta, Apple, Oracle, etc to stop investing in data centres & AI?  Now demand exceeds supply by multiple fold.  We can read this from the recent US' ban on advanced AI chips exports to China & nVidia's said there is no short term impact to its earnings.  Not to forget, margins on these AI chips are very high.

If recession hits next near, the Fed is expected to cut rates.  The cash on the sidelines will come in.

Lastly, about the blood bath you mentioned, I have seen several.  A painful one from early 2022 where AMD's share price came down from $161 to $50+. Recession or not, there will be periods of pain.  This is the risk that market participants have to take.