Well, ladies and gentlemen, enlarge your wallets as NVDA is going to bring solid earnings over the next year.
NVDA up AGAIN! Popping $6+ You might want to buy some. $100, $105, $110 all look like very nice prices as it has exploded through $115. NVDA will break that GS "conviction buy" price target of $129 before we get earnings.
NVDA=great Company, product, etc. but what's the chance that they miss on Feb 15th? And I'm not talking about the .83 EPS and $2.1 B Sales because I think the market is already pricing in at least a 10-15% beat. I think a great contrarian binary play is setting up...
NVDA UP over $7+. After Hours Break Out Move $118+. This stock is going to $130+ before earnings. BUY NVDA NOW!!!!!!!
what a joke already 120. Will goldman now raise target again? get out the popcorn and get ready to hit sell
Never fight the tape. SOunds like you missed out on all the profits. I won't be selling this stock for YEARS.
Famous short-seller Citron Research to appear on CNBC to discuss NVDA at 5:30pm. They sent out a tweet saying they have a $90 price target and that the market is disregarding some 2017 headwinds. Looks like that is why the stock is tanking today.
They goosed yesterday's insane run up which was certainly looking toppy, at least short term with some of those gaps. LOt's of profit in this one and this sneaky Citron released a well timed negative opinion at the end of year on a DOW down day which is going to magnify any NVDA pullback. 2 days before the end of the year is a good time to pull off a negative news flash to shake out the week hands and boost eoy selling. DOwn day in the market with DOW stalling @ 20K and pulling back is going to see NVDA sellers. Now it's time to pullback a bit and fill some of those gaps.
Today's selloff in NVDA appears to be fueled by a few factors. First of all this stock has been on a great run and needs a pullback at some point. It's been a great year to be holding this stock. Lets looks at a chart with 5 min candles comparing yesterday and today and what we see is we had strong buying yesterday on strong volume and we ran up some 7.5 points. There was another big gap up at the open from 109 to 112 and a big pop from there to 117 and then dumb money after hours bidding it up even more. Opens strong again today and we get up a few dollars and shorts are getting squeezed to death once again and then Citron goosed the stock with negative news flash to shake out the week hands and get the stock down so they can cover their shorts and add to get out of their losing position. Also the last few days the Dow has repeatedly tested DOW 20K and failed and is now down today. The Trump rally is looking a little tired and winded right here and buying is taking a rest and wait for next year. Today is the second to last day of the year and all sorts of rotation is going on for a variety of reasons. Citron just added a little fuel to the fire. Look at Today's Volume compared to Yesterday and today we haven't even gotten one block trade over 500K and we have barely gotten over 250K. Yesterday we had multiple Buying with strong volume and multiple trades over 500K a few at 750 and a few over 1M. SO the price action on low volume has given up yesterdays gains and is filling in yesterdays gap up. Yesterday was a strong day and today is a weak day in the sense of real lack of conviction in the selling where small numbers of shares being sold vs yesterdays high volume buying. Tomorrow will be very interesting. The gap at $109 is being filled. I think NVDA will hold up good depending on if it can get some help from the markets tomorrow. We may get a very nice bounce here when smart money starts their buying again. Goldman vs Citron? I will take Goldman to win this one.