AMD

Remember WOOF at $8?

 

I wanted to post it yesterday, but still a timely prediction: AMD is ready to break out to the upside. I think on Monday it breaks above 14 and stays there too. Ascending triangle on the daily chart and it already came back twice from above 14...

I own cash covered puts on it....

 

I agree. Short term.

 

Done, $14.35 currently...

 

Any predictions on tonight Pek?
Safe on the sidelines here. Too risky for me.

 

TA wise we should go higher. (beautiful ascending triangle on the daily, bounced back 3 times from the 14.5 line in the last month....)
I can't predict earnings. I bought back my puts, I don't like the idea of bad news...

 

Friggin GREAT call Pek.
$15.10 AH's

 

Not sure why I held IBM and not AMD.

 

Back in Surf's journal about 2 months ago I predicted AMD $20 by September. The idiot was saying it is a short. Well, AMD sure took its time but now on its way. Of course should have kept the puts....

That being said, earnings play is always fundamentals or reaction, not TA...

 

Even Jack Hershey was right once. But only once.