AMD went so crazy in August. Finally I see a buying climax with huge volume . The same as textbox define it. The price is very extended and its time to slow down and pullback I see hanging man on the top ! What do you think ?
The weekly looks amazing as well. the volume jumped too much on Monday and looks comparable to a full week.
There are two ways to invest. Buy it when price is showing reversal to go up ie somewhere around 2H 2016. This is also the period where many semiconductor / electronics stocks (INTC, MU, HPQ ...) are showing bullish sign. The other way is do what the EXPERTS would recommend. when stock price hits record high at record volume, they start to talk. By the time they talk, price has already appreciated 4 times ! They recommend buying when price is all time high, and when volume is super high. Which way shall we use? Choose base on common sense. I hate the 2nd way and got zero tolerance towards such approach. Well. Some people choose 2nd way. It is up to them. Lazy people tends to use 2nd way because it is so easy to screen out such stocks.
I don't fully agree that it will go 4 times while we talk. the good entry point was 20. now it is over extended we need to wait for pullback. stocks don't move in straight line. if you join the party you may loose your money !
no problem to disagree. there are many ways to trade. so choose whichever way suit you. ultimately what we want is to earn money and there are many ways to earn money and we are responsible and accountable for our own action, our own trade plan.
going against the trend requires high skill. One way to make money was to going short ! sounds very risky !
What's your "Ewww! I WISH!" price? $23?? Sell that put. (And sell it and sell it and when that one expires, sell it again.