$AMD is doing what it’s meant to do here. The Fed will keep on keeping on raising rates until growth drops near 2% from the 7.7% we have now. Consumer and corporate demand is dropping for tech upgrades. All that is bad now will give AMD fuel to rise like a Phoenix once the Fed is fed!
Bullishness now is for long term investors with deep pockets and long time horizons. Call buyers will need to be very nimble and quick on the upside. Put buyers can wait for a few months when things could get very bleak in the economy and bring a potentially huge windfall. GLTA!
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