Why I Took Profits in Advanced Micro Devices (AMD) Today...
When
#AdvancedMicroDevices (
#AMD) rallied to yet another new all-time high on Monday - up nearly 150% from its March low at $188.22 on March 3 barely two months ago - it was time for me to trim my position with a sale that sold 12.60% of my position at $459.83.
The sale locked in 2,253.28% in gains on some of the shares I bought for $19.54 when I initially opened the position on January 10, 2019 and lowered my per-share “cost” -45.35% from -$220.60 to -$320.65 (a negative per-share cost indicates all capital has been removed in addition to $320.65 per share added to the portfolio’s bottom line in addition to each share’s current value).
To be clear, I am in no way bearish about $AMD’s long-term
#ArtificialIntelligence (
#AI) prospects. In fact, my view is the obviously the opposite as I kept more than 85% of my holdings and AMD still represents 10.02% of my Speculation in Play portfolio after the sale; a portfolio where the maximum target position allocation is supposed to be 6.67%.
I’m willing to let AMD run hot, but I’ve also lived the dot-com bust, the Great Financial Crisis, the Greek Shock, the Powell Selloff of 2018, the pandemic crash in 2020, the bear market of 2022, the Tariff Tantrums of 2025… and so on.
In other words, I’ve been through enough to learn the lesson: if you don’t take profits when you have them to take, the market will take them FROM you!
From here, I have no additional sell targets at this time because, like I said, I’m happy letting AMD run hot and I will start adding profits back in at $311.89. While that buy target is more than -30% lower than where I sold, it’s a price AMD was at on April 28, less than two weeks ago!