$Advanced Micro Devices(AMD)$

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$Advanced Micro Devices(AMD)$ AMD will continue to drop until earnings, probably settling @ $160-$165 heading into earnings. It will pop if earnings are good, moving it to $185 by end of September, which it was where it was at last week. AMD will tank to $130-$140 by end of September if earnings are only in-line, and especially if forecast isn’t raised enthusiastically. Place your bets now. It’s literally 50/50 on what will happen on the earnings call in a couple weeks from now. With this recent price action it seems MMs think AMD will only deliver in-line earnings and won’t be raising forecast for the quarter(s) ahead. Prove me wrong.

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