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That seems to happen every time with Amd. They post record earnings, exceed expectations and stock tanks 5%.
by PartiallyTyped 5y ago
That seems to happen every time with Amd. They post record earnings, exceed expectations and stock tanks 5%.
- dhosek 5y agoIt's common for many if not most companies. The guiding principle of buy on the rumor, sell on the news often means that a lot of investors realize gains after a big positive news event driving the price down. There were drops like that, iirc, when Apple announced the change to Intel and I think also the iPhone announcement. The drop is generally short-lived as the long-term investors buy in.
- scsilver 5y agoIts a well know rule to sell on the news.