Top up Nvidia short
just added to my Nvidia short position at $121
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Retailers must include gold in their portfolio during rate cut cycle and economic slowdown. Consider NEM, GDX, GLD, GDXJ
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73591797 : Why short the most powerful one but not those penny stocks?
Dr DT OP 73591797 : The reason I do not play penny stocks is they are too volatile with low volumes. It can have huge up or down move easily with little bit of news. In other words they are easily manipulated so penny stocks are more like gambling. Nvidia on the other hand is a trillion dollar company with huge trading volumes. So in comparison to penny stock, Nvidia is much more stable and can be traded with economy outlook. The push up today I think may be a fake up sparked by institutions to pull more retail investors in to drive the price higher and to create liquidity for institutions to sell off. I am expecting a decent correction coming soon for Nvidia. Perhaps 10% to 20% correction downwards.
73591797 : Thanks for your reply. But perform a experiment, in which we randomly pick a segment of a few days in history of any penny stocks versus NVIDA. What would the probability that short being profitable in both case? I think most of time penny stock are falling, during which Nvidia is either flat or rising. If we do bayes, the upside prior is huge bias to Nvidia. I wonder what is your thought about that?
Dr DT OP 73591797 : Short or long are not bought randomly in any points in time. It is based on economy outlook, world events, industry outlook, company health etc. So you cannot compare by picking a random point in history to short and see which one do better. Anyways, if you have very good experience shorting penny stocks then good for you and you should continue. Whatever investment strategies works for you is all good. Shorting stock like Nvidia, Tesla, Microsoft, Meta and all large caps are not for everyone. Entry points are critical. People can lose big money if just randomly shorting. Anyways max upside for Nvidia is around $127. So my entry point is carefully chosen not random. Anyways all is just my opinion. Everyone needs to do their own research.
104837679 : Market pumping today
Dr DT OP 104837679 : Nvidia reversed after hitting $127.xx as I mentioned in my comments above, max upside is $127 resistance area.
73591797 Dr DT OP : Nice! Congrats. I know you are very good. Thanks for sharing your thoughts and follow up here.
73591797 : What is your next prediction of NVDA? I also sold my NVDA position today.
Dr DT OP 73591797 : $90 see if Nvidia can hold. If break below then next stop $75. Just my own opinion.