This company, after acquiring ARM, just got an incredible growth potential. This will most likely lead to game-changing technology in the very near future.
I recommend keeping your eyes open for a drop, and buying at the first sign of a rebound - That's what I'm doing! (Wait until 17 Thursday evening, or maybe Friday morning before opening a position, for a practically sure bet)
Either way, this stock should be held for longer term, at the very least two quarterly reports. It will definitely reach at least 600 by year's end.
Best of luck!
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Nvidia premarket is now at bottom of channel, 492. It is now in the buying range.
NVDA dirt cheap at the moment. I've decided to drip feed my investment until there's a more bullish trend. Are you still investing currently?
TrinityAlex
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@ThomasValois, Yes, of course, my current average open is 491.32, I have stop losses at 450, and will keep buying the lower it goes. I don't mind waiting a few months.
TrinityAlex
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@ThomasValois, I will close today, and probably will reopen tomorrow or on Friday. It rose too strongly, and uncertainty for tomorrow's unemployment numbers pushes up risk.
ThomasValois
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@TrinityAlex, I've made a small profit on NVDA but I think I'm going to close my entire position as well.
TrinityAlex
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@ThomasValois, Today Nvidia will be down significantly, as Trump got the covid virus. (I would hold, and buy even more, but that is just me.)
ThomasValois
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@TrinityAlex, I was going to hold but I'm leaning more towards selling all, then buying back when I think it's hit it's lowest.
ThomasValois
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Definitely agree with you. I've just started trading but been keeping an eye on NVDA for a while now and planning widen my current position on them. Do you reckon it will hit 600 by as early as Oct?
TrinityAlex
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@ThomasValois, to be honest, it depends a lot on the economical situation in the US (COVID numbers, unemployment numbers). My opinion is that it will reach 600 around beginning to mid October.
ThomasValois
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@TrinityAlex, yeah the economy over there seems pretty volatile at the moment. I probably will buy this week though because I agree it will reach 600 before end of year!