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Here’s Why He Just Shorted AMD

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Today I added Advanced Micro Devices (AMD) to my portfolio as a short-sale. It has had an extraordinary run, and it rarely gets this high relative to its long-term Bollinger Bands.

Liquidity moves markets!

Follow the money. Find the profits! 

I’d also like to humbly suggest that for a company which has been around for decades, a P/E well above 200 seems just a touch rich.

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