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There has been some volatility, but the last two days have been good for NVDA. It appears that the stock is regaining it's momentum and upward trajectory.
I don't think it will have any significant effect on NVDA.
Today was another rough day for the inverse ticker and it looks like more rough days ahead.
The fears from last week have subsided and this is going higher.
Everyone has different plays here. The board is not reserved only for longs. Thst may be your perspective. There are shorts here as well. Some trade and others invest. Perhaps a long sees something that a short posts and saves some losses, or vice versa.
NVD is down 6% at $5.68? That doesnt seem like a good start.
The inverse ticker is good after a big spike and it bleeds off a little, for profit taking. Otherwise, it will be risky as this continues to creep up, as earnings approaches, new partnerships announced and new tech is released.
It may not make sense to you at this time. However, he is an old trader, and has wisdom and experience on his side.
There is always something to be learned and there is truth to what he is saying. The timing of his predictions may be off a bit. But that is why we each place our bets and hope that the timing of these events is favorable to our position.
Good luck to you!
No doubt there has been some volatility in the past week or so. However, it seems almost everyday there is some positive news or new development coming out about NVDA.
In my opinion, the next six months is the window of opportunity for NVDA, and believe it will be going higher.
Should be interesting. Good luck to you!
Or lose twice as much each time it spikes up. A lot of volatility these days.
Kind of an over reaction, especially since NVDA has positive news almost everyday about buying out an AI company or announcing a new lucrative deal with a large corporate entity.
After the big drop last week, investors are shell shocked.
NVDA seems that it is becoming more volatile. A $50 spread in price range. It was usually limited to $30-$40 range, in a day.
You're welcome. Hopefully, you can make some $$ here.
Good luck to you!
Looks like someone unloading a small position today. About 100k shares pushed it up 50%
About 70% of the stocks are traded by corporate entities, using algorithms. Retail traders make up about 30% of the market.
I get what you are saying. Things that go up fast usually come down faster.
TSLA is a very unusual stock. The stock was going up like crazy a few years ago and the company had never turned a profit. TSLA also had a lot of help from the government, or they likely would have gone under. However, what Musk has done is impressive.
If folks want to buy an electric car, that is their right in a free country. It doesnt work well for everyone and many first time purchasers have found out what some of the downside is about. Hence, the slowing of sales of EVs. The government pushing to mandate EVs is foolish. The markets decide that.
And shame on Ford and GM for going along with the nonsense and losing billions of $$. Customer demand is what drives sales, not government mandates. So now they have invested billions $$ on EVs and there is no return, so far and actually significant losses.
As to NVDA, the fundamentals are still good. We can joke and make fun of each and it's all harmless fun. But we can't change the fact that the stock went up each month for more than a year. So why not profit from that? When it starts to tip over, I flip the trade and will ride that wave down.
I'm not married to the company or their agenda - I'm here to generate profits. And so far, have done quite well with that endeavor.
It seems like you are well positioned for the tip over. Maybe it comes now or maybe next year. None of us knows for sure.
Good luck to you.
No doubt it would push it much higher, quickly. But a lot of bag holders looking to squeeze through the same exit door would also drop it quickly.
The same chart for all is due to the algorithmic trading, done by computers. When they sense resistance they sell.
I always enjoy when an analyst makes a call AFTER a price movement. The market drops and he tells us the run may be over! Not to say that isn't possible, but it seems like it's bouncing back nicely.
It's all about the fundamentals.
Good for you. It seems you put the time and effort in to manage your own finances and reap the benfits of such. Like you said, most people hand it off to a financial manager and get ripped off.
Last week was your turn to make $$. It seems like this week is favoring the bulls (at least so far). But the fundamentals here have not changed.
I believe we may see more volatility, especially if there is further escalation in the Middle East.
Where is JJ8, the bearish bull? What does the crystal ball say for this week?
Yeah, I agree with that assessment.
Some will exit at the first sign of life here, as they have been traumatized for 13 years. Others will ride it out and try to make more $$.
Good luck to you.
And hopefully any deal should push it above .20. My guess would be .25 - .50 range, but who knows.
Looks like he is earning his salary, making moves behind the scenes. Seems like he is keeping the company alive and positioning it for a merger and upward price trajectory.
NVDA bouncing back today. Price action should be interesting from now until earnings, especially if there is more geo-political unrest.
We have heard a lot about the plunge protection team here, in the past few months. Where were they on Friday? Did they have the day off?
But despite that, some are still complaining about Thom taking a salary. Apparently, he is working behind the scenes to turn this around. That doesn't happen for free.
Keeping the team on the field or in the game is the only way to get a win here. Bankruptcy would not afford them that opportunity.
Exactly! Retail is NOT making money trading options. Experienced and skillful traders can make $$ on occasion , when the right opportunity is presented.
The author of the article sounds very knowledgeable about stocks, the market, investments and trading.
The issue I have with the article is he keeps referring to options as an investment. Options "trading", is for advanced and skillful investors. In my opinion, options is trading and buy and hold is an investment.
So in other words, retail attempting to trade options is a recipe to lose $$ quick. Most options traders lose $$.
But to each their own. If one is comfortable and confident in trading options, it's a legal mechanism and another play option.
Do you really think it is shorting that caused this to drop? Perhaps, it is that the algorithmic trading, which is about 70% of the trades, switched from buy mode, to sell.
Shorting this, if there were buyers, would likely have little impact on the price action.
Manipulation - yes. It happens with all stocks. They let it run up and then retail jumps in to chase it and gets in on the buying frenzy - FOMO. Then they drop it fast, people get spooked and sell.
Hahaha. You did "predict" that or at least stated the probability for it going lower was more likely than it going higher. I also thanked you for your contribution to the board regarding that.
At least for me, I consider your input useful information, in advance. Some post about movements after they happen, which is of no use to me or others.
I am not a chart master like yourself, but understand it is a useful tool. Market conditions in general started deteriorating and I had my concerns as well, so I sold at $860 and flipped the trade, to make $$ on the way down.
However, I do believe the fundamentals are still good.
We will have to wait and see what SMCI reports at the end of the month, as both stocks seem to be inextricably tied together to a degree. That may help tell the story which way this is headed.
But in any case, the upward momentum is over, at least for now. This may trade sideways or drift down, from now until earnings, at the end of May.
Dubster, the elder statesman. Good man.
Hopefully, we all profit from our various plays here. Everyone has a point, and something can be learned from each.
I agree that the fundamentals are good. But the problem is compounded here. Geo-political forces have pulled the markets in general down, and the sector of semi-conductors is down even further.
It will bounce back if the tensions in the middle east settle down.
Not the most timely article considering the circumstances.
Relax. It will bounce back.
NVDA is doing well. I flipped the trade at $860. Now making money on the way down. Geo-political issues spooking the markets.
We are on the same side...for now. Will be long again before earnings.
Some are saying a good entry point is now, and that may be the case. But holding off a bit and seeing where it goes in the next week or more may be a safer strategy.
If geo-political events escalate, this could go lower. Just my opinion. Good luck to you.
This will likely go up in May with an expected earnings beat. The Fed will start projecting rate cuts in the summer and implement a cut prior to the election. As such, the markets will pick up right before the election.
Nice article! It's all about fundamentals, and NVDA has them.
Is everyone at the movies today? Silence is golden?
I think so as well. Just hoping the geo-political unrest doesn't derail, this and the broader markets.
You do quite a good job of pointing out the upside of NVDA. They should have you on the payroll, in their PR department!