LMAO FUCK ME IN THE ASS

ZeroReborn
ZeroReborn

I bought AMD at 6.42, sold when it got to 7.92, and bought in again at 7.84, thinking that there would be stability until the hype train of Zen reached its max - at which point I was going to sell. Now though, the stock is down to 5.88 and all my gains are gone, and my starting capital is down to the low 2000s. Where can I get cheap deals on a stool and a rope? It's all over folks.

All urls found in this thread:
http://www.investopedia.com/university/technical/
BunnyJinx
BunnyJinx

@ZeroReborn
Wow, so it sounds like you had literally no plan for managing this trade. What did you expect to happen?

GoogleCat
GoogleCat

killing yourself over not even 25% losses
Good riddance

Dreamworx
Dreamworx

@BunnyJinx
I had a plan, but I didn't anticipate Lisa Su to blast shareholders with her bullshit decision to dump shares to raise cash, and then the consequent panic selling that, despite all the positive future prospects, completely changed the public's perspective on the stock for the worst. There's no good reason for the stock to have crashed so terribly and quickly, but I guess the market doesn't need one. Fuck man, people are fucking retarded. It was a good investment. This situation is so unjustifiably shit that it really pisses me off.

@GoogleCat
25% is a lot when you don't have much money to invest. I did my research, but shit still hit the fan.

Sharpcharm
Sharpcharm

I posted an AMD is dying thread earlier.
/biz/thread/1496397#p1496397
Please contribute to it.

TalkBomber
TalkBomber

@Dreamworx
There's no good reason for the stock to have crashed so terribly and quickly
Then it will fucking recover.
This is a blue chip stock. It's not TGD.

RumChicken
RumChicken

@ZeroReborn
1) buy low, sell high, profit
You did it right.

2) buy at the same price as former sell, wait.... Wtf are you doing?

CouchChiller
CouchChiller

@RumChicken
2) buy at the same price as former sell, wait.... Wtf are you doing?
It's fine if it looks like that's a new low, which was the case.
Now he's panicking like a dumbass because the road was a little bumpy.

JunkTop
JunkTop

@ZeroReborn
Hang onto what you have invested in it until the next big reveal. You can probably expect to have tied up capital for ~6 months on a company like AMD (next gen graphics cards/chipsets usually drop in spring). The moment the stock hits 6.75, I would sell if I were you. You only lose out on about 15% of that secondary investment then.

Soft_member
Soft_member

@ZeroReborn
Average down and you'll be back to around 6.40 where you started

w8t4u
w8t4u

Lol at retards who panic everytime the market drops. Just hold and wait until it climbs back up. Seriously I haven't even been investing long but I don't freak out everytime there's a drop. If anything it just means the stocks on sale :)

askme
askme

@Dreamworx
There's no good reason for the stock to have crashed so terribly and quickly,

welcome to the stock market LOL

idontknow
idontknow

So you're saying to buy the dip or is this stock an gevoed

RumChicken
RumChicken

@CouchChiller
You can sell some of the stock to get some STCL to net against your STCG for tax purposes. Then repurchase that or something else at the lower price. I assume you don't already have a lot of STCLs. You will have to do the math.

Illusionz
Illusionz

@ZeroReborn
@Dreamworx
"I bought amd at 7.84"
"There's no good reason for the stock to have crashed so terribly and quickly, but I guess the market doesn't need one."

you bought a stock at its 5-year high thinking that some shit news would push through it? hahhahaha. you think a simple top reversal at a 5-year high was a "crash"?? youre amateur, brah.

Fuck man, people are fucking retarded.

shouldve paid attention to TA.

bu bu buttt... mah fundamentals

lmao.webm

Sharpcharm
Sharpcharm

@Dreamworx
25% is a lot when you don't have much money to invest.
No that's actually when it's the least amount of money

RavySnake
RavySnake

@ZeroReborn
MIND THE FINANCIALS. She did a great decision for the companys future.

Ignoramus
Ignoramus

@Sharpcharm
what is opportunity cost

VisualMaster
VisualMaster

@ZeroReborn
Why would you buy back the stock when it was only 8 cents below what you sold it? All you did was just incur more commission fees (assuming you're using a broker, which you probably are).

Why not just hold out until Zen dropped? Now you have to report your earnings as short-term capital gains rather than long-term, which means you pay more taxes on it.

Fuzzy_Logic
Fuzzy_Logic

AMD still holding below rock solid, impenetrable resistance at $6.15.

Shorts are getting antsy wondering if they have enough trucks backed up and longs are very, very nervous here.

Some knife catchers are hovering around $5.50. They'll get flushed away once $5.10 "support" gets broken like AMD's balance sheets.

Sharpcharm
Sharpcharm

@Fuzzy_Logic
Updated with today's price action, cleaner lines and another broken ascending line of support. If $6.15 breaks, look for endless waves of sellers at the ascending trendline.

Evilember
Evilember

Fucking hold bro, you already made a bad mistake by selling and buying back in at essentially the same price.

This is more or less the bottom for now unless they royally fuck up. If they clear debt and pump out good products this stock could be going well into double digits over the next couple years.

StonedTime
StonedTime

@Dreamworx

buying at an all time high in 4 years

No sympathy for you. All you had to look at was the chart.

LuckyDusty
LuckyDusty

@Fuzzy_Logic
@Sharpcharm

Where can I learn more about all of this terminology and learn to make charts like this? Right now I just go long in companies I know and research and it's been paying off. Besides that I want to do some short term trading on the side, but my knowledge of things like this is lacking.

Evil_kitten
Evil_kitten

@LuckyDusty
A basic book on technical analysis should have what you want.

Or you could get a good idea of it here:
http://www.investopedia.com/university/technical/

Even with longer term investments, knowing how to chart basic support and resistance can help you decide on entries or when to cut losses.

SniperWish
SniperWish

@Evil_kitten

Thanks man

GoogleCat
GoogleCat

AMD is never going to release a good product again, their current strategy involves hyping up bad or rehashed products in an effort to drum up new investment or better deals on their existing debts.

5mileys
5mileys

@Ignoramus
opportunity cost:
the loss of potential gain from other alternatives when one alternative is chosen
Now let me introduce you to math:

25% of $50 < 25% of $3,000
12.50 is less than 750

TechHater
TechHater

why would you buy in after they announced their chip failed to live up to the hype?

it'll recover. if you're squeamish, get out, or just forget about it.

once they get through their restructuring, it'l recover. you're not going to sink.

Dreamworx
Dreamworx

@ZeroReborn
LOLOLOL.

Playboyize
Playboyize

Time for the daily analysis of this trash.

$6.15 is still the key level to watch, but breaking yesterday's $6.07 high may be enough to get a little upward momentum started.

Every single person who got long Friday and Monday below $6 looking for a bargain is underwater as the closing price today was .04 below yesterday's low.

Shorts are comfortable with their position or looking to add and with a little more downward pressure these new and old longs will continue to cough up their shares.

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