AMD should be bought on pull backs

I think AMD should be bought on pull backs as an investment. I think it could be a $200 stock. Everyone is migrating to AMD.

 

AMD have barely turned a profit in 10 years
Intek make 10% a year profit , AMD make 0.5% pa
may turn it around, who knows. Even if AMD have a big growth, doesn't justify the price in my view. P/E ratio 20 times that with AMD,
My money is on Intel, safer

 

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Good uptrend/good tech trend;
draws down deep some summers.Not a prediction...…………………………………………………………..

 

Most of the time, the price of a stock has nothing to do with profits or earnings, remember the internet stocks in the 90's for example.

And forget about P/E, this lousy "fundamental" indicator/metric is virtually worthless as far as timing is concerned.

 

There is about 630 000 stocks globally.
It means , potentially, 629 999 better options.

 

AMD could pullback to $60 before resuming its uptrend, if there is a confirmation on the daily or 4h charts.

Any deeper pullback should be considered as suspicious.

Just my opinion folks, not a buy or sell recommendation.

 

I believe our friend DerekTrader is talking about the AMD processor itself ("Everyone is migrating to AMD") , since AMD CPUs can match the performance of Intel processors at about half the cost.

 

lol. Got it wrong.

Thanks for correcting.

 

Yes.. the processor. You are correct.

 

You are welcome, Nobert.
You know I had the same idea too (LOL) until I realized that he was talking about the AMD technology itself.