$AMD(AMD.US)Not being a Monday morning quarterback, I sincerely hope AMD's earnings report today will surge, which could boost the currently sluggish momentum of chip stocks and even the broader market, and also protect my holdings🥹 But I really think AMD's earnings report today will disappoint..

As a shareholder who has been buying AMD all the way from 180 to 150, firmly bullish and continuously cheering everyone up in the comments, I watched it suddenly skyrocket from 160 to 260. The positive news announced by Su during the National Day was very encouraging, but to be honest, some of the positives were just empty promises like Oracle's, unlike storage which had solid orders and performance support. There wasn't enough good news to make the stock price instantly surge by $100, so after clearing my position at 220, I occasionally bought AMD again to short it.

I've always thought AMD's stock price is overvalued. When AMD was at 150, NVIDIA was at 180; when AMD hit 260, NVIDIA was still at 180. For the next six months, the price of 'Dazi' basically stayed at 180, and Oracle also fell from grace. This made me even more afraid to chase AMD higher, insisting on waiting until 200 to build a position. Two weeks ago, it dropped to 200, and I built a position but sold it off soon after.

But I still hope for a miracle today. If Su's conference call offers some big promises, maybe it will turn green today. Missing the chance to buy AMD at a low isn't a pity; protecting existing positions is more important😂

Personal opinion, not investment advice.