Many analysts warned market may have bubbles and big corrections may happen? AMD could drop more if Nasdaq corrects more!
In a situation like this, I have to remind myself about Peter Lynch's famous quotes:
(1) A price drop for a good prospect stock is an opportunity to buy more at cheaper prices.
(2) Invest in companies which have good earnings prospects, financial condition, competitive position, etc.
(3) Stand by your stocks as long as the "fundamental story" of the company hasn't changed!
AMD certainly is the right candidate for that! I am sure there will be many "new millionairs" created for those who know how to take advantage of this correction!
As Lusa Su said "The best is yet to come!" GLTA (longs & smart shorts)!
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