$NVIDIA (NVDA.US)$ nobody should panic number one Nvidia wil...
$NVIDIA (NVDA.US)$ nobody should panic number one Nvidia will be perfectly fine it will set another all-time high probably in the first quarter that's my opinion I believe it will happen and I have a lot of money on the line to back that up invested in Nvidia.
all that being said the chart looks like shit
I don't know what a catalyst would be but it could have a $9 down day to $123 before you blink.
ultimately it's going to come back I have no doubt in my mind it will be a $4 trillion dollar company market cap this calendar year.
right now the markets in rally mode and video obviously is not participating for a myriad of reasons, they're mostly the dichotomy that exists between the bobbleheads on TV that regurgitate the same bullshit about competition about apples creating their own chip it's going to take away orders. share blah blah. Apple hasn't canceled anything nvidia's pre-sold they can sell their entire a allotment four to five times over. however I'm just saying that technically it looks like shit and there's people that are getting short right now in size on Nvidia because there's going to be potentially some event maybe it's what chairman Powell says this week where he becomes more hawkish even though Nvidia doesn't need interest rates to be down up makes no difference they're debt-free they have an abundance of cash the market will use every opportunity to beat up this company we've seen it multiple times this year already and each time it has come roaring back and set a new all-time high.
but I just want to kind of throw this out as a cautionary note it looks like shit on a chart and it can be down $9 to 123 like tomorrow morning and I don't know what the catalyst would be but that's what I see as the downside risk and that would be the back the truck up by the stock and don't look at it until post inauguration January 20th because it's going to come roaring back and I was licensed for a very long time I could never use the word but now I will I guarantee it.
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Junius Falcon : September chart didn't look better
Stock Therapy : when its ready to rip its going to RIP
KyleyW : it's time for us to grab more.