$NVIDIA (NVDA.US)$ My guess that is that the market wants al...
My guess that is that the market wants all eyes on NVDA for it's earnings. It may open Monday higher. But I guess by Thursday it will come back down.
It touched the 101 area again but support just shot it up and held 106. It's been dropping for about two weeks now. Having opened Monday July 22nd at 122.47 And closed at $107.28 on Friday August 2nd. The last two weeks have been telling. I personally think it may close lower by Friday of August 9th.
I do think it could shed some more weight before earnings but go to the sky after earnings. (it went to the moon with May earnings. I don't expect every earnings to be that way. but I do expect it to recover it's previous high. But it might not overshoot.
I think it will be better to try for an option on a call expiring in September and Selling August. Definitely not financial advice. I just think this week will be kind of mid so I do not want to put my calls options in for this week.
However NVDA might just open at $120 tomorrow. ![]()
Fickle like that.
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73372627 : Will stay at this level for moment. The stock is play by the shorts. Take a look: Short interest: 280,395,880 and average volume: 252,621,975. The difference show you that will stay on this level for the moment. Not to comment on options.
The earnings will be good, no doubt, but to much bias will push out many. The stock it is in sell-off from many to cash profit an maintain positions after split.
For me at this moment, the volume it is to low to show the really velue of the stock an company. We are in the period of newbies tradind with no future view of the stock. Just poor dailly small gain.
Will take the course after thord Q. 3.5 months after the split.
built different 73372627 : finally, a sensible comment with wisdom than those Warren buffet wannabe as if they have figured it all
73372627 built different : You are right. It is not Warren who comment, far away from him. I meet with him 2 times and I can tell you: Him do not comment on his strategies.
To day, manny use his name to thing are wannable.