AMD Comparison
I’m new here, and not very experienced with trading as it is.
I’ve noticed this stock has been moving almost 1:1 with AMD and several other semiconductor stocks.
What does that tell an experienced trader?
Is that generally a bullish sign?
Does it suggest institutions are buying the whole sector?
Would you rather see this kind of correlation or the stock trading independently?
What would make you think it’s getting ready to outperform the rest of the semiconductor sector?
Is there anything else you’d take away from this that newer traders might be missing?
Also above all, if I’m not entered into any stock and my portfolio is zero, but I have about 40k of buying power. Would you take this bet? And what other stocks would you drop 2.5-5-10k into and hold.