A breakdown of the bear case:

1. AMD missed earnings, and is still far from unprofitable. This is a huge blow to the turn around case for AMD
2. New consoles sales such as PS4 and Xbox One, which gives AMD a significant portion of its revenue, won't be out for at least a couple of years. This gives AMD very littles breathing room.
3. AMD just broke through its major price channel stretching back to 2008-09. This was the final nail in the coffin for me. http://followthechart.com/amd-technical-analysis-7192015/

I'm thinking of shorting here. Anyone have any thought or inputs?

Unlock this Article with a 14 day free trial

or Unlock with your email

Already have an account?
Login here