AMD!!! Taking a big hit in after hours today
Advanced micro devices is taking a big hit today after earnings came out this afternoon. The company has been trading in high volume for the past month and to pumped up to over $15 in recent weeks. Today AMD closed at $13.62. But right after market close they released the first quarter earnings for 2017 and the stock took a crash currently trading around 12.54.
I personally think the stock is overvalued at this point in time. But would be a good stock to hold long at this price. It will most likely drop a bit more before it corrects itself.
If I Had the money, I would have bought back when they announced Ryzen, stock was at 2,something - and sold it when it was around 12 shortly before release because in my eyes the trades (as so often) over-inflated the expectations.
But that said I still think if you get in now at 12,54 it should still be good. Just set a goal and sell when that comes.
But well, you need money to make a lot of money speculating.
12.54 was a bit to high for me still. And I waited it out over night. Now they are at 12.07. It they hold there after market open I will get in. But I am still Spectacle about it. Because more and more people freak out and jump ship at any sign of a push down. Their is a lot of skepticism in the markets these days. With such easy access for the normal person.