(AMD: 14.17 -1.46%) still looks good for a trade to $3+
I may have been too hasty selling AMD, as the volume and pattern confirm an imminent breakout, despite a short-term overbought condition.
Might have to chase it…
Out at $2.50 for $0.35 profit. Would like to re-enter at a lower level.
(AMD: 14.17 -1.46%) reports earnings on January 29, 2013.
I went long (AMD: 14.17 -1.46%) at $2.15. Looking for the $3+ gap fill.
Volume looks good – higher on up days, lower on down days – confirming the break out of the falling wedge pattern.
Click chart to enlarge
You’ll read this on a hundred blogs in the next little while. Sorry.
I’ve heard this speech before, but want to save this part on my blog, for future reference.
No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because death is very likely the single best invention of life. It’s life’s change agent; it clears out the old to make way for the new. Right now, the new is you. But someday, not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it’s quite true.
Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary. (Steve Jobs, 2005 Stanford commencement speech)