AMD is a bad stock currently, having gone nowhere since May 22nd, with a sell signal on the six-month view; it's frustrating and choppy for traders.
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Oh, speaking of AMD, didn't it like did AMD have earnings? I saw AMD. No, they had earnings a while ago. Again, another stock that's been drifting sideways. A really, really frustrating stock to be in, especially if you're trying to trade it, right?
And here's the deal. You don't have to trade these all the time at all. There's all kinds of opportunities in the market. And looking at AMD, I have to go back past three months.
I have to go to the six-month view to see the sell signal since May 22nd. It's gone nowhere. Literally nowhere. But you know what has gone somewhere, Joe? How greedy the stock has been. And people are now fearful on AMD stock.
So AMD is a perfect example. Right. All stocks are bad. This is a bad stock right now. But it definitely acted right for a minute. It definitely acted right for a minute. But it if you were trying to trade this, you got chopped to bits over here.
Yeah. It was your advanced money destroyer if you were trying to trade this up and down. It's a really tough market to be in when it goes like this.
Or or let's say you didn't get into a stock, let's say you didn't get into AMD as it was doing its rocket ship to the moon, right? Well, it has to come down, right? You're over here when it's at like 245.
No, there's no way it can go up any higher. You're up at 503. There's no way it can go up any higher. 580. There's no way it can go up any higher, right? The market can remain irrational way longer than you can stay solvent.
But you ain't you ain't eating you ain't eating any of the AMD chips.
What this channel has said about $AMD
Christopher Uhl - OVTLYR has 4 calls on this stock; only the adjacent ones are shown.