Still remember that $MS downgrading
$Advanced Micro Devices(AMD.US$ it was downgraded by $Morgan Stanley(MS.US$ not long ago. look at what is happening. and $Advanced Micro Devices(AMD.US$ was just upgraded after this pumping. how ridiculous is that!!
$NVIDIA(NVDA.US$ is being downgraded today. you know what, a pumping to ATH is coming.
do your technical analysis abd DD, dont listen to those analysts. they are there to manipulate stock price. thats all.
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LELT : Indeed!
digimonX : There has been a rotation in play since nvidia's split. The smart $ has been selling nvidia & getting into Apple & tesla while telling viewers on cnbc, bloomberg, etc that nvidia wud go higher. Once they were done selling, there was another group going to these same TV programs to say nvidia was overvalued.
It will not be a surprise that nvidia go sideways for a while. It is fascinating how fast sentiment chg. The last few mths, dumb retailers kept posting msges how nvidia was king & stock price wud keep going up. There was an idiot who even said "short AMD & long nvidia to get rich". On the same day, things flipped. Whoever followed his advice & shorted 1k AMD & bought 1k nvidia shares on the same day he posted this stupid advice is now in 5-digit loss. Go over to nvidia chat now & we see many calling nvidia stock stupid.
These folks chase when the stock price spike & sell after stock price has bottomed. This is why retail investors will always be the dumb $.
DavidCCL : As I always say, most retail investors are constantly buying high (FOMO) and selling low (FUD) because they don't know what they are buying and keep trying to 'catch' the right timing to 'gamble'.
There are always up and down for stocks, no matter how good or bad they are, that's why it's called 'market manipulation' but good companies will eventually make it and grow. Don't follow the 'Experts' blindly especially those posting figure without facts.
Be wise and try not to become one of the 90% of retail investors who keep losing money..
Maniac Fool : Is called crawling consolidation phase for $Advanced Micro Devices (AMD.US)$
Talented Mr Ripley : butt hurt??