re: "Next major test point for AMD is $33.25, its short term high...With all the AMD news that is currently about to surface, it could get tested fairly soon..."
Do please attempt to cut this small time crap out. It is the bigger picture that will prevail. The stock (AMD common) is on a track to establish a move to the $60 to $90 range (UNLESS ,OF COURSE, SOME FUNDAMENTALS CHANGE DRASTICALLY.) The rest is all noise that may distract from the "macro" move that MAY soon take form.
BTW, did anyone. other than myself, note the moronic observation by Dan Scovel, that seemed to imply that AMD's action is possibly attracting heavy shorting activity; as though such is an overall negative. This sophomoric neophyte views such possible activity, apparently, as a negative. In the longer term, if the macro move is a genuine upside one, as this may prove to be, it (the shorting activity) can result in the onset very sudden "buying panics" with upside gaps that never close.
One thing that actually does worry me, not that it really matters (do see the "NEVER ENDING STORY"), is this thread's sudden onset of extreme optimism; one of the more reliable, though not infallible, indicators of a near term top.
Patient Regards,
DARBES |
