Thinking of going long on AMD due to the litecoin mining arms race. Thoughts/opinions?
I think China, as the new premiere and president turn China towards its domestic markets, I think China will be buying a lot of GPU, not just U.S. and western customers. I think the biggest purchaser of high end AMD GPU is going to be China as their fiat funnel into the exchanges is broken and threatened, so they will mine coin, more and more.
The day a Scrypt ASIC or specialized solution comes out, sell, and short AMD. I think it is a very logical play.