No chinese input today.
Before this ER I thought fair price of AMD is $9-$10 without hype, so I am a
little worried about pre-ER price 13.5 and said if bad ER then 20% off.
Now after ER, based all information I have got, I move down current fair
price to $7.
This price $7 has priced in the bad case that ryzen/vega/naples don't
contribute as good as investor expected, which is highly possible. And this
isn't the worst case, the worst case is SPY get crushed or ryzen/vega/naples
have serious quality issue, then the price will < $5, maybe this is a small
probability event.
The good case is ryzen/vega/naples continuously improve profit and the price
will reach $18-$25 before end of 2019.
YMMV