Theoretically, I would be looking at an 8 point gap between where it is and the highest point it has reached in the last few months. If that was about 15, my buy in would be at 7. It does look like the stock is eventually going up, but it might take 3 to 6 months to get the money out of that 8 point gap. So, 7 to 15 is 8 which is 53% profit over 6 months which is 106% profit for year, minus buy and sell fees.
That's not bad, when you look at it that way.
Things to look at the same time.
1. Will I lose my money if I go in at 7 dollars, or 7.50? No, in the long run probably not. The news is just too go for AMD. It's being traded a lot through, being bought in the morning and sold in the afternoon. Day trading action is going on pretty routinely, and you will have to learn to not pay attention to this action.
2. What is everyone else watching when they look at AMD's charts? How could I manipulate their buy and sell reactions to my benefit?
3. Can I make more money playing another stock? I don't know, but 106% for the year is pretty good.
The way to be a baller in the stock market.