Re: "I told you not to, didn't I ? I also told you to buy put options in intel instead, cause I thought they where gonna drop badly, and had you done so, you'd be counting your profits now
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Yes you did and kudos to you. However that being said you did not recommend I buy puts in AMD and I'd be just as ahead now if I had. Personally I don't like the idea of shorting or puts at others expense but I realize it's just business and every short becomes a buyer sooner or later.
There is a problem with tech right now and it's not just intel. nvidia just missed something huge yesterday so the naz and market is down in general. Nvidia dropped like 35% today. Blame it on Intel blame it on summer doldrums, blame it on oil, blame it on interest rates, blame it on unemployment, blame it on nvidia. The naz is down 300 points from when I entered but if it was up 300 points I'd be doing ok with my amd long. as a mater of fact a month ago I was way ahead with my long, intel was up to. So if we had this conversation a month ago you would be wrong I'd be loosing money if I had bought intel puts. But at your ((I told you not to, didn't I ?)) we are having this conversation today.
Today wish I had shorted intel or amd but I am long amd and will hold as I see it as the next ati eventually. Timing and patients is everything (no one can expect to enter a stock at the absolute low and ride it up) You won't see me crying or bragging win or loose. Do you remember when you bought amd at 5 and it went to 3. This is how it goes, you could sell at 3 and accept a loss, or stand firm in what you believe. I believe I might buy more amd because I believe it will do very well over the next 2 years. However I could be wrong. I will live with it if I am.
If I glanced at a spilt box of tooth picks on the floor, could I tell you how many are in the pile. Not a chance, But then again I don't have to buy my underware at Kmart.