Originally posted by: Wingznut
Originally posted by: Lonyo
Originally posted by: Wingznut
AMD reports good earnings today, and their stock goes down by $3 a share.
WTF? Go figure.
Shares aren't about current prospects, they're about the future.
But analysts were cautious with the stock up more than 12% this year. Goldman Sachs said it is becoming increasingly concerned with margins and valuation of AMD shares, Briefing.com said.
I know... But that doesn't mean it makes any sense.
So, yesterday (and over the past several weeks) AMD's future was brighter than this week?
Analysts probably re evaluated, decided now was time to sell as they were at a peak with a good earnings, and weren't sure it would continue, as margins may drop, and the shares could be over valued.
I would guess they've just finished their good run, with decent earnings, and now people are less sure about the future, and don't think the trend will continue, so now they're getting out of there.
But I'm no stock market expert or anything even close, and I'm just guessing
