With China, I see big resistance to adopt things from them due to security. Already phones by Chinese companies are suspect.Two words: Apple and China. At the moment, we have a duopoly with AMD and Intel. But either Apple or China can break that. They have the funds and the willpower to overcome that barrier to entry. So do Qualcomm and ARM but their focus is different.
China is my biggest worry for AMD and Intel. http://www.chinadaily.com.cn/a/201801/15/WS5a5c19f0a3102c394518f3f3.html Going from a duopoly to a more competitive environment could destroy much of the profit margins for both AMD and Intel. China's economic goals are to become the world leader in technology. CPUs are one of their paths there. China has pledged to invest $150 billion into the semiconductor industry. https://www.forbes.com/sites/inside...-soon-be-the-worlds-tech-leader/#2e0a8116fb40
AMD has good products, but terrible pricing (for stock holders). They have lots to gain but just as much to lose if China comes in as the low price option. Where does AMD fit in the picture if customers no longer see AMD as the low-priced underdog when China is now the low priced underdog? So, AMD stock is a very big gamble for me. AMD stock could do quite well if AMD can place themselves as a premium brand with premium prices. Or AMD could crash and burn if it continues to compete on price while China always can undercut them on price.
I admit that I was wrong to say to avoid Intel 6 months ago. Intel has been moving away from their core CPU business and is diversifying into many other areas (cloud, communications, internet of things, artificial intelligence, programmable solutions, non-volatile memory, FPGA, etc). Those non-CPU items are doing quite well for Intel (these subgroups combined are larger than all of AMD) and likely will stay doing quite well for the forseeable future.
Sell. ....now.
You think weekly calls are long? I've never considered that "long".
So tell me why I should. Why will Apple earnings disappoint?
So far, it's only companies that have dubious reports like GOOG and INTC that sell of after earnings. I don't buy the "market is selling good earnings" BS that some pundits are pitching these days. You can always find a reason why those companies sold off.
By definition, purchasing a call is being long. Prove me wrong.
I doesnt matter even if every employee at Apple is shting golden eggs. You wont get nothing more than a pop, and a brief one at that. Probably gone in a week.
Why? Look at what happened to "amazing" Amazon. Best quarter in its history and they all took the money and ran.
Damn. I really got CMG wrong. Those are biblical returns for holding a stock.
What were your other ideas again? lol
Tbh I was pretty stupid to hate on CMG considering I still eat there once a week. It's good, cheap, healthy food and I realize it's statistically unlikely for me to get e-coli. That said, they definitely seem less crowded than they were at one point in time.
Welp, sold about $70000 worth of puts and calls today. We'll see how it works out.
STX 5/04 puts, split between 51 and 53
MU 10/19 calls at 55
EPD 12/21 calls at 28
Sell. ....now.
You give bad trading advice.
By the way, I am now 3 for 3 on calling earnings reports. If you had followed my AMD trade, you made 10%. If you shorted intel with puts before or after earnings, you made 20%. If you followed me on AAPL you will now make 15% over the next month.
AAPL is unstoppable. AAPL is making me rich.
Apple may very well close lower as soon as Thursday. Also my magic 8-ball says short the entire stock market.
Apple just announced they are buying back $100B of their own stock and they are raising the dividend. Nobody is going to "take profit" at 175 when they know that $100B is going straight into Apple over the next quarter. So you are betting on the whole stock market to crash by the end of the week in order for your prophecy to come true.
If you actually knew when the whole stock market would crash you could become a millionaire overnight. Somehow I doubt that is the case.
I don't understand why Disney (DIS) stock isn't performing better than it is. They are raking it in on all of their MCU and Star Wars blockbusters. Are ESPN and ABC a huge drain on revenues? Maybe someone can give me insight.
Actual result 6 months later:AMD is a steal while INTC is an overvalued pig of a stock that can't get out of its own way. Watch an learn - AMD will be $20 in less than 6 months while INTC will be back in the 30s if they're lucky.
You have indeed made some really good calls / picks.
But I am not saying the market will "crash" by Friday. I just think it will go nowhere to lower until the Fed stops raising rates and long bond starts to settle. We are still off the 52 week market highs trying to stay above water for the year.
ps. My Oasis Oil has rallied nicely lately from a low of $7 to $11+.