Ok fantards, I'm sure your egos are way too fragile to actually break from the fanboy narrative here but we are definitely going lower. But, look at all the upgrades! Yeah, and we're going lower, I figure $25.00 is a nice re-entry point. There are a lot of reason for this, but look at the macro. This is the top for now, not just in AMD but also the general market. Everyone is on pins and needles waiting for another rate cut. Why? Because the economy is propped to a ridiculous level. No rate cut? It crashes. Rate cut without promise of future cuts? It crashes. Fed injecting massive amounts of liquidity? Check. Manufacturing jobs disappearing? Check. All time high after all time high? Check. The global economy not doing so hot and we're ignoring it completely? Check. Smart money is exiting and securing their short positions as we speak. They're buoying the market just long enough to set themselves up for the retracement. I was around for 2008. Everything was wonderful, totally rock solid until it wasn't. And I'll admit that we aren't looking at another 2008 but we are looking at a helluva correction. Ironically, AMD will be ok but not until next year.
On that front, what do we have? Highest revs since 2007. Yay. See the irony? Rollout is too slow, PE is too high (yes it matters, especially when you're dealing with a manufacturer), too much hype around the CEO and too many new shares being dumped into the market. Yes, they are diluting, look at the numbers. I remember when they sought authorization for share issuance and all the usual fantards here started dumb-shaming anybody on here who dared question the notion that they might dilute. They were doing it "just so that they have the option of doing it" or some kind of nonsense like that was whet they said with indignant sanctimony. Well, they have been diluting and still are. It's not that bad compared to what it could be but it's still there and it affects the share price. Intel has been buying back shares and so has Nvidia.
https://ycharts.com/companies/AMD/stock_buyback
But don't worry, help is on the way. I think that they actually guided too conservatively for next quarter actually. I think that in the end AMD's superior tech will win decisive battles for market share. And, even though most of the "very smart" people on here throw a tantrum whenever I mention this: Crypto will be resurgent and AMD will benefit directly from it. The Ethereum mining hardware pool is diverse, they don't want just ASICs for a host of reasons. You can dismiss this out of hand at the behest of your own arrogance but it's the truth. it will make a difference in the bottom line. You're looking at massive crypto gains in 2020. I'm not going to explain why because he does it a lot better:
https://www.tradingview.com/u/filbfilb/
I picked up GBTC when Bitcoin was at 7500 and just sold it at 9400. I'm waiting for 8250 range to re-enter. But when it blows up it will take GPU mine-able alts with it. And if you think that these miners aren't already anticipating this and aren't accumulating cards right now to avoid profiteering when Bitcoin breaks to the upside then you're delusional. Why do you think Radeons are "Selling like hot cakes"? The tunnel vision here is amazing. Whatever the mainstream narrative is you guys eat it up. Stop being such a bunch of fanboys.
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