AMD
Come to Daddy. Where and How I Will Get LONG
If you have followed me long enough you know that I got extremely long AMD 0.00%↑ at $55 at the 2022 bear market lows. I had fully exited that position by $165 so I missed out on some of the upside, but I was and am quite happy with that gain. In March of 2024 AMD put in possibly the most horrifying and obvious top I’ve ever seen. I have been unwilling to consider buying it to own since then (though we had a fantastic swing trade on it last year). If you have at least followed me on X, you know that I have been patiently waiting for a particular range since last summer. We are now approaching that range ahead of earnings next week. I would love to see a capitulation puke into this range on earnings or shortly after, and I plan to buy that puke.
I allocated 30% of capital to AMD in 2022. I don’t plan to size that large in this instance. In 2022 the indices were coming into an area which I expected to at least mark a major swing low if not a proper bottom. Here in 2025 indices are on the moon. For me to go massively overweight a single name I have a strong preference that the indices be nearing at least a major swing low. AMD will still be my largest single holding if I get the setup I want since I exited nearly all of my PLTR 0.00%↑ in the $80s.