5/6/24 - vrockstar - like the narrative here all around (ai-support) but w/ AMD's comments, rates holding back b2b spending... i could see more risk to longs here vs. shorts. so while i think the right way to look at this is '25 EPS, any re-rate to '24 here would pull that $2.7/shr down to perhaps 2.5$ and that's about 12-15% annualized cagr depending on how bearish/ bullish you might be. if that's also the case the multiple is probably closer to 15x than 20x on the curr year #. but let's say 15x on the 2.5$/shr for '25 EPS... which is where the stock trades today. the conclusion is... i'd be dip buying anything > 10% move lower. targeting the 33-34$ region where i'd start to get to about half a single-name size (on my book risk metrics) and anything sub $30 i think you can buy hard w/ confidence of a retrace outside a wild miss to growth/ expectations/ speech.
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entered for a swing here. will report back as the day evolves.
hit my greedy target, but that's about it.
not without some hair
V
PS - any opinions fam?
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I'm out. 4% gain for the entirety of this logic contained within... funny how the logic spelled out in the comments from 3 months ago rang true and helped me short cut the moves today, even if it was not much. gain is gain.
i'll probably return to this ticker in time. the issue is i have conviction on a higher pecking order of names at the moment so i'm focused there. there's a lot where i can get much bigger than jiggle around 25 bps positions for sport.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.