For those fawning over NVDA ... some history

Discussion in 'Trading' started by Q.E.D., Jun 14, 2024.

  1. SunTrader

    SunTrader

    Decent size ($10 give or take) selloff today.
     
    #31     Jun 20, 2024
  2. lariatier

    lariatier

    I am up 7% today short NVDA at the open. Pure luck as I was going to short yesterday but was annoyed when the market was closed. I would have been stopped out at the open but instead up nice.
    I had considered a long at $910 or so to hold over last earnings but wimped out.
    Not betting on the ATH being in but the chart looks so stupid at this point. It is hard to not see buying being exhausted here at these prices in the short term with next earnings not until late August.
    Stop is moved to +2%. $120 or so I am probably out. I am also out the moment Sora is released.
     
    #32     Jun 20, 2024
  3. ironchef

    ironchef

    You are assuming it won't get better, like the first PC years ago.

    Or playing pong forever.
     
    #33     Jun 21, 2024