Why Todd Says Buy AMD At $38
By Todd Gordon
February 20, 2020
Todd Gordon and Mike Binger discuss where they stand on Advanced Micro Devices with CNBC’s Tyler Mathisen.
Todd Gordon
Founder and Lead Analyst of Trading Analysis
Todd has been trading as a career for the last 20+ years. His goal is to not only provide insightful analysis, but to teach people how to think and grow as professional traders. Todd is a practitioner of Elliott Wave Theory and he uses it to gain an edge in the highly competitive trading arena. In addition to trading professionally, Todd has worked as an analyst and researcher at two different hedge funds. Click Here To Learn More about Todd Gordon
I like the suggestion but the probability of AMD coming all the way down to the lower channel line ($38 type price) is quite low. And if that happens…it’s likely to take a few months. So this advice is not “actionable” in the short term, and probably “ever”. Not being a buyer now, yes good advice. Particularly since the broader market has started what is likely an intermediate 4 correction. As that intermediate 4 bottoms (mid March?) and a new motive-impulsive wave kicks off…should be a great time to buy AMD.
kev, I was with you on that when he came out with this. Thought he was a complete fool! now looks like we are going to hit it at some point sooner than later. that being said would like to point out that up to 2 months ago, Alek was looking short in this whole market yet Todd and the gang were pounding the bull market. I was trying to short on that runup but got run over by some massive upside moves and lost my shirt doing it.
The following time I read a weblog, I hope that it doesnt disappoint me as a lot as this one. I mean, I know it was my option to learn, but I actually thought youd have one thing interesting to say. All I hear is a bunch of whining about something that you could possibly fix if you happen to werent too busy searching for attention.