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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!
I do not think metals have peaked. Your assessment of them is correct. They will continue to climb, drop off with a crash and then spike.
However, the best time to get into them was before they started to climb. But better late than never.
Nice recitation of the facts! Today you are the bearish bull.
Not here to impress you either. But while you are working overtime, I am very comfortably retired, since my 40s and enjoying life.
You speak of rolling your 401k into hard assets. A little late to the dance on that? They are at their peak at the moment. If you were as smart as you think you are, you would have initiated that transfer a while ago, while that class of assets was down.
This stock may go up or down, but I'm so far ahead, it doesnt matter.
In any case, good luck to you. Hopefully, you make some $$ here with your play.
I agree with you that a reckoning is coming. But everything is so corrupted, they should be able to hold it together thru the election.
The banks, the Fed and many woke CEOs, all on the same page, to accomplish their goal.
One thing that could contribute to bringing the house of cards down is if the Israeli war escalates. That will be an issue the administration will not be able to get their arms around.
This is down due to market jitters, geo- political tensions, inflation and a lack of rate cuts. It is not down due to fundamentals specific to NVDA.
Elon Musk paid only $75K for the rights to the name Tesla.
Low volume today, but it still seems to want to push higher.
A nice well thought out explanation. Thank you.
No doubt charting is a useful tool, especially for someone with your credentials and experience. Not sure if you were following NVDA last year, but I was curious if the charting had predicted the consistent rise last year?
You mention a price target or $1000. I believe that target has been revised higher, by several analysts, into the $1100 -$1200 range.
Did the charts predict the significant and consistent rise last year, as most analysts were also behind the curve with this? A fair question under the circumstances.
The stock will bounce around with the rest of the market volatility, somewhat due to geo-political tensions.
Next month when earnings are reported, and new records are shattered, this should be higher.
In my opinion, this moves higher, later in the year, as we get closer to the election.
Be like what? Volatility, or a sell off?
Well said.
And there is a difference between trading volatility, shorting after spikes and investing.
Money can be made by all. However, those who have "invested" here have done well.
Those were accolades to a poster who correctly called it would be up. At the time of my post it was up.
Market conditions changed and now it's down. Tomorrow it might be windy or rainy.
My statement about it being higher at the end of each month has been accurate for the past 18 months.
Even those who place bets on 36 red, while playing roulette, are eventually right.
Your day will eventually come to pass here. By then, I will be long gone, with profits in hand.
I didn't call that it would go up. I had my concerns for today. Was up in the morning and down in the afternoon. This is a market movement, not specific to NVDA
Lets see where it's at in May, or after earnings.
You pop your head up after it drops. I would be more impressed if you called it before the movement.
We can continue to play whack a mole here.
Good call, as the upward trajectory has continued today.
Perhaps, he is communicating with insiders and his friends, but definitely not with the average shareholder.
Yes, it's the alternative that is concerning. I think Iran feels emboldened, because behind the scenes, there is likely coordination between Iran, Russia, China and North Korea.
They are probably trying to pull the US into as many conflicts as possible to overwhelm our conventional capabilities and deplete our resources.
Approximately 200 drones were used against Israel. Each drone costs about $1k. The advanced weaponry we used to shoot those drones down, cost $1 million to take down each drone. Same thing is happening in Ukraine.
Then when our hands are full, our conventional weapons and defense systems depleted, each bad actor makes a move. That would be very bad for the US and the markets.
Hopefully, it doesn't go that way. I like the scenario you painted much better.
Another possibility is they the markets take a dive now and the administration uses that as a pretext to cut interest rates, which they clearly want to do.