Re:Discuss – AMD stock just spiked up 6% anyone know why?
by quickthrower2 on Sunday March 11, 2018 @07:22PM
(#16565267)
So "I have no idea" wasn't quite accurate - you did have an idea. Your analysis showed the spike was panic buyers, and there was no indication of a reason for the spike.
I did not just short sell it instantly but I waited for news, once I realised that I was right, I shorted them and also made profit.
I believe in the company and I think that this stock will be much more worth in a few years but those absurd gains were just panic buyers and once they realised that they were wrong they started panic selling. Great week for me