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Wow. This has been CRUSHED in the last three months. Wonder where Dub got off to? He hasn't posted in almost two months? Wonder if he's in jail somewhere out there in the wide, wide world!
@kshaughnessy2
"Facebook, Nvidia ask US Supreme Court to spare them from securities fraud suits"
Make this make sense
Nvidia and Facebook want the Supreme Court to rule the tech giants are above the law???
"The US Supreme Court is set to consider bids by two tech giants - Meta's Facebook (META) and Nvidia (NVDA) - to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies to account...
..."I think business interests will continue their recent pattern of aggressively challenging rules intended to hold them accountable, including by challenging the remaining private rights of action," Feller said.
A private right of action refers to the ability of a private person or group to sue for an alleged harm..."
https://finance.yahoo.com/news/facebook-nvidia-ask-us-supreme-110253373.html
@kakashiii111
The resignation of SMCI's auditor occurred on October 30, just two days after Nvidia closed its Q3 on October 28, by which time Nvidia had already recorded SMCI's orders in its Q3 earnings. "Nvidia diverts SMCI orders to other suppliers" seems like a creative maneuver to avoid issuing a profit warning ahead of the earnings release. It raises serious questions about how PwC San Jose was able to sign off on this arrangement.
Looks like it. I haven't traded NVD for several weeks. I think the better choice "for now" is buying the NVDA puts while the market is trading at all-time highs and still choppy. When the market makes its definitive turn, I may start trading this ETF.
I've been buying NVDA puts with 2025 expirations:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175296310
"I continue buying puts all over the place, especially NVDA puts w/ 2025 expirations. The market will turn ugly when the music stops....just like on the Titantic."
Won't be long. It appears the first domino has fallen:
16th of November $SMCIQ - from that day on a humbling experience for many pretending to but not so expert people is going to begin -jdario
@DarioCpx
$NVDA $ARM $SMCI & Co. revenues supposedly growing exponentially while the same doesn’t happen for their suppliers materially producing the GPUs and other critical semiconductors
Again, the math isn’t mathing at all here ⚠️
https://justdario.com/2024/10/market-euphoria-vs-economic-reality-global-stocks-soar-as-cracks-deepen-beneath/
I continue buying puts all over the place, especially NVDA puts w/ 2025 expirations. The market will turn ugly when the music stops....just like on the Titantic.
First of all, the most inflated bubble is not the US as many believe, but Taiwan, thanks to the asinine valuation of TSMC that is one of the pillars, along with Microsoft and Nvidia, of the great revenues round-tripping scheme ongoing between the semiconductors and cloud computing sectors
those who still talk about “soft landing” are simply parroting a narrative that has nothing to do with what all the available data are showing; all they are holding onto are stocks that keep going up as if this can continue indefinitely. This is realistically impossible, and you better be prepared rather than relying on the MSM to warn you about it, but hey! Till “everything is awesome,” no one has the intention to spoil the party because it’s so fun, so why not enjoy it till the last bit even if there might not be a lifeboat for everyone when the music stops and the global economy Titanic inevitably sinks.
THE US YIELD CURVE IS SCREAMING “DANGER!” AND ONCE AGAIN NOBODY IS LISTENING
https://justdario.com/2024/09/the-us-yield-curve-is-screaming-danger-and-once-again-nobody-is-listening/
Trump vows to get chipmakers to pay back every penny of Chips Act money if elected through tax law changes or component tariffs
https://www.nytimes.com/2024/10/26/us/politics/trump-joe-rogan-chips-science-act.html#
Interesting:
https://x.com/DarioCpx/status/1845991671366144395
$SMCI could start the domino effect...Whenever the DOJ decides they can pull the trigger without damaging the current US administration in charge??
Waiting to see what happens after the election...
Won't be long now.
NVDA is not in a melt-up, it's a blow-off top. What's the difference?
The blow-off top comes at the end of the melt-up.
Maybe NVDA stays propped up til election, then again maybe it won't...the top is somewhere around here.
The GPUs oversupply is already here ⚠️
No wonder Jensen is hardly spending any time at the office lately and all his effort is focused to convince people of the opposite
Long read, but worth your time (especially if you trade $NVDA)
JustDario 🏊♂️@DarioCpx
Thanks
@devtasy
Stopped out at yesterday's buy in price. Turned right around and bought January puts which are bargain-priced even lower today. I sense the opportunity to buy cheap puts will disappear shortly after the election, if not sooner.
https://x.com/FinanceLancelot/status/1839325883703922716
@FinanceLancelot
As soon as they're done looking at Nvidia's 3rd largest customer $SMCI for "accounting irregularities" they'll be coming after Nvidia.
Oct 9, 2024
Still no financials for SMCI?
@FinanceLancelot
There won't be, they cooked the books. The company is done.
Does Findlay Park Partners LLP have concerns about Nvidia's accounting?
"The technology heavyweights that powered this year’s rally in US stocks are no longer attractive to Findlay Park Partners LLP, whose fund has outperformed 86% of peers.
The fund, which has about $11.3 billion in assets and counts UnitedHealth Group Inc. and Accenture Plc among its top holdings, sold down its stake in Nvidia Corp. to zero in the third quarter, according to a note sent to clients and seen by Bloomberg News.
The chipmaker’s shares dropped in that period, while the other two stocks rallied at least 15%.
Nvidia — a major beneficiary of the artificial intelligence buzz — accounted for 5% of total holdings at one point this year, the note showed.
The asset manager also reduced its stake in Microsoft Corp. — its biggest position for much of the past decade — to 3% as of end-September from 4.8% in August, according to a fund fact-sheet.
The Dublin-domiciled fund invests mainly in the US. It has returned about 29% in the past year compared with 16% by peers, and with lower volatility relative to the benchmark Russell 1000 Net 30% Total Return Index, according to data compiled by Bloomberg. In 2023, it outperformed 90% of peers...." kristen shaughnessy
@kshaughnessy2
picked up a few down here myself today. NVDA looking exhausted right now w/ a fickle herd ready to dump once it starts dropping.
Loading ZONE!
$1.42 or better, the time is short’
NVDA puts bargain priced today...picked up some Feb 2025s...
The pre-election market shenanigans are too hard to call on the daily inverse trades...only buying options at the moment...when they go on sale like today🙂
These overvalued NVDA prices are dangerous. Folks have no idea what they're getting into, or what's coming. Same with SMCI. Exit liquidity being generated before DOJ does their thing? That in itself could another legal issue to be addressed.
Insiders know:
@KobeissiLetter
BREAKING: Nvidia, $NVDA, insiders have sold a whopping $1.85 billion worth of stock or ~11 million shares year-to-date, the most since at least 2020.
Insider sales in 2024 are 5 TIMES higher than the $350 million seen in 2023.
This comes after CEO Jensen Huang recently completed the sale of 6 million shares under a pre-determined sales plan.
Mark Stevens, a member of Nvidia's board has also filed to sell 3 million shares after he has already sold 1.6 million so far this year.
Nvidia’s insiders are cashing in
NVDL -letting off some here, to cash. $$
NVDL- started filling 8% discounts (daily)
Back to cash, PSQ, SKRE, UVIX
This market is going to be wild with selling.
That NVDL bounced paid nicely!
Moving to NVDL for the bounce.
Nice run up for NVD!
And it always ends, 🐑🐑🐑 being slaughtered
$SMCI now skydiving without a parachute...ties to NVDA
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175143260
Great opportunity to get loaded up. Jet can suck it!
$$!!
Some of the comments over at NVDA
I’m seriously shaking my head at the pure lack of intelligence from some.
Algorithms running wild prior to trading session open...it's going to be interesting to watch derivatives bid meet real selling...
BOJ will cave to market and political pressure. It's their turn this evening...BOJ policy has been exact opposite of FED policy.
@DarioCpx
what we are seeing is the result of BOJ + FED tag team coordination to pump stocks as much as they can so all those that need out from JPY carry trades find liquidity (article below for more details).
stocks reacted positively right after the FED cut, but the selling pressure was so strong the BOJ had to unleash a huge JPY money printing kraken to flood the market with liquidity and heavy lift stocks back up
https://justdario.com/2024/09/what-if-banks-are-coordinating-with-the-fed-to-liquidate-tens-of-billions-of-troubled-jpy-carry-trade-positions/
Glad we have the FAKE FED rate cut out of the way. Futures are signaling strength so far in extended but I wont buy it.
Gonna be blood this season!
Choose not to participate except poaching and scalping.
@FinanceLancelot
$NVDA's 3rd largest customer $SMCI won't be able to file their 10-K even after the 15 day grace period due to "accounting irregularities."
If true, this would confirm $NVDA's vendor financing/round trip financing is imploding.
When SMCI filed Form 12b-25 for a late 10-K they did NOT check the box under Part II of the form.
This indicates that they do NOT expect to file the 10-K within the 15-day extension period.
I think you're right. I'm not trading anything this week. Acquired some Oct puts on NVDA and META and that's it for now...
I’m letting off NVD a bit as it’s hitting upper levels of the day.
UVIX sold earlier,(some).
This week can do anything. Powder dry is my strategy from here on out.
Next week is an important week to watch:
The FED announces its interest rate decision Wednesday.
Japan announces on Friday.
And $SMCI missed the grace period for its 10k - so keep an eye on that and $NVDA.
Reuters:
"Investors were also looking to the Bank of Japan's interest rate decision next Friday, when it is expected to keep its short-term policy rate target steady at 0.25%.
BOJ board member Naoki Tamura said on Thursday the central bank must raise rates to at least 1% as soon as the second half of the next fiscal year, but added that it would likely do so slowly and in several stages.
"The BOJ is perceived to be going in the different direction than the Fed - in 180-degree opposite direction," Velis said, adding that whether and when the BOJ raises rates remains an open question..."
http://Forex.com
"The Japanese Yen has rallied a staggering 13% against the US Dollar over the past three-months with USD/JPY plunging to a fresh yearly low on Friday.
The decline takes price into a major technical support zone and the focus is on possible inflection off this mark heading into next week’s highly anticipated Fed rate decision.
Battle lines are drawn on the USD/JPY weekly & daily technical charts.."
Interesting
He is unprofessional usually.
Thanks!
This might explain why NVDA board has been quiet:
"Suspended"
https://investorshub.advfn.com/boards/profilea.aspx?user=31528