Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Nvidia leads, chip stocks rise: Is it time to jump in?
Views 9921 Contents 240

$NVIDIA (NVDA.US)$ nVidia short update.  Guys as I posted ea...

$NVIDIA(NVDA.US)$ nVidia short update. Guys as I posted earlier, I just entered a short on nVidia and here are my views: 1. The massive rebound from last night and on post market and again further gains during over night market is just a crazy move on a 3 trillion dollar cap stock. The hyp was overhalming and I feel this is a institutional bull trap to exist their position. Look at Qualcom QCOM, Arm ARM, and Lam Research LRCX, they have all traded down in overnight market and premarket sessions. However nVidia continue to march up. I suspect as soon as market opens, institutions will start dumping its positions into retailers. It will be painful to see. AMD also had a nice rebound yesterday but faded off though out the day. I believe easy quick ups will also easy quick downs. Just remember, nothing go straight up. Corrections are healthy and nothing wrong with corrections. This is why I don’t believe nVidia can sustain its super sharp run up in the last 24hrs. I agree it is a good profitable company but no need to chase price.
This is just my own opinion for the short and not financial advice for anyone to follow. Do your own research and invest responsibly. Don’t get manipulated by market makers and follow the sheeps.
Enjoy and happy investing!
Cheers.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
21
+0
16
Translate
Report
32K Views
Comment
Sign in to post a comment

View more comments...

Retailers must include gold in their portfolio during rate cut cycle and economic slowdown. Consider NEM, GDX, GLD, GDXJ
77Followers
1Following
325Visitors
Follow