AMD +$817.60 (+5.93%)

Posted by: L on Oct 19, 2017 12:42pm



Summary

Symbol
Qty
Cost
Avg Buy
Avg Sell
Return
Return $
Return %
R
Stop
Result
AMD
-1000
-$12,977.00
$12.98
$13.79
$0.82
$817.60
5.93%
3.98
$14.00
Win


History

Action
Date
Shares
$
Value
Com $
Risk
Buy
10/18/2017 10:11:49 AM
1000
$13.79
$13,794.60
$10.00
$205.40
Buy
10/25/2017 09:35:16 AM
1000
$12.98
$12,977.00
$10.00


Notes

My trade idea was wrong. I thought it would go up instead of peaking and then coming back down once again. So I am going with the trend. It appears to be a triangle on the downside once again. Trade is invalidated at $14 and above closing. Take profit at $12.70.

$14 - $13.79 = $0.21 x 1,000 shares = $210 + $20 comm = $230
$13.79 - $12.70 = $1.09 x 1,000 shares = $1,090 - $20 comm = $1,070

R/R: $1,070 / $230 = 4.65R

Time horizon: a few weeks assuming earnings does not blow me out of the water.

Oct 24/Tues:
Earnings was released. AMD exceeded earnings estimate by 0.01 (diluted EPS $0.10). However, though they beat earnings, they reduced the outlook by 15% for Q4/17 +/- 3%. Stock plummeted initially below $13. It has now bounched back slightly to $13.50. Earnings conference call at 5pm. Tomorrow, I will see how the stock reacts and either close for a profit or loss.

Oct 25/Wed: closed it for a solid profit.



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