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Advanced Micro Devices ( AMD ) is cheaper than a two dollar ????. i really want to buy AMD at this price. Why don’t I? Not in my plan. One thing I have learned is to stick to what you know.
AMD at sub $2 is bankruptcy priced. If AMD does not go bankrupt, this stock could easily go up 10 times. Bankrupt, it goes to zero.
One thing I have learned is stick to the type of trading that you know, and that is not gambling, which is what this trade is. Gambling.
AMD seems to have found support, as long as they do not go bankrupt, it should be ok. That is a big if.
So I will stick to my rules and pass on AMD.