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Blowout Earnings, Plunging Price

ByTim Knight
Published 02/13/2017, 03:07 PM
Updated 07/09/2023, 06:31 AM

I don’t think I ever traded a share of NVIDIA (NASDAQ:NVDA) in my life until a few days ago. Nvidia came out with blowout earnings last week and the stocks been tanking ever since. I’ve tightened up the stop and am hanging on.

NVIDIA Corporation

Latest comments

It got me as well. I always have 4% trailing stops so I didn't get hurt bad but still, it is strange. AMD is sputtering now as well. Maybe it's the whole sector correcting.
Have invested and day-traded continuously in NVDA for well over a decade. I am caught in the trap that you find yourself now in. It is uniquely different from usual post ***out earning reports, but NVDA has never shot up this far so quickly. Here is the thing with NVDA.. it has got to be the most manipulated stock in the NASDAQ. It is being being driven down at the moment by the BIG DOGS as I call them. Most BIG DOGS are driving NVDA down to a point where millions of shares will soon be bought and held again. $108 could be that point,.about 12% down from $120 the price level that it is justified right now. It could go down another 2% to about $106, but as soon as that low point is reached NVDA will trend to the upper end of analyst valuations toward $120 quickly.. The path will zig-zag, if you can wait for 30 days, it will happen. It has always happened.. NVDA has never ever been stronger. Great to day-trade on the way up as it is volatile, but will trend to $120 to $130.
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