At this point NVDA is unstoppable. It will not pull back until at least $500 - $520. But even at that point it could easily turn the top of this upward channel trend Into support and then we are looking at clear skies and smooth sailing until $1000. I mean why not? NVDA could easily demand a more than 2 trillion dollar market Cap. Especially considering when its quarterly revenue is at a whopping 7 billion, giving the stock the admirable PE ratio of 213. This one has room to run. Insiders might be dumping large blocks of shares but nothin g that should give investors reason to be cautious. Fasten your seat belts because AI is in charge of this rally.
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In case you are not real catching the tone... this is sarcasm.
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Doesn't mean it won't happen though either lol.
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NVDA could pull back to $350 at the lowest but I do think it'll get up to around $500 in the longer term which is the top of the channel. Then take it from there.
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This is one of those times that it is kind of irritating to be right lol
100k puts at close to eod today one-two months out !! gravestone doji, anyone, 15% pull bakc at least, like it or not, its a fact , i dare bulls to try buy when market cap at clsoe to amazon with 1/15 the reveneu. yes i double dare u
Quadzilla_83
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@amaloyz I’ve got $425 Aug 18 puts. I hope you’re right
amaloyz
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@Quadzilla_83, no wrry give it 2 weeks, 12-5% min i belive i will reach low 370s-390 at best. before more attempt to rally, bulls are out of money. smh n amd chart tells u ATH has reached n needed a decent pullback for the next moveup, which i belive will be the last, likely at nvda 500-520$< where i go in 200k puts next year for leap puts, that will expect make about 1 million+
Goontata84
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@amaloyz, I heard China canceled 32 billion in chip orders... wonder how much of those were NVDA?
@amaloyz I got vacation next week so I’ll prob close it out Friday latests. If it hits $390 +- I’m gone. Don’t want to have a position I can’t follow closely while gone.
amaloyz
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@Quadzilla_83, closing at least hlaf out at 390 or lower, i think the china chip ban makes it easier to go to my PT at 350. but we ll see
Goontata84
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@Quadzilla_83, yeah never leave open on vacation... it will no longer be a vacation lol.
amaloyz
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let me see that 50k profit overngiht !!, i added after sold yesterday at 4.5% down, today up 3.06% is deadcat bounce i added more puts for july 14th at 3:59pm
out !! gravestone doji, anyone, 15% pull bakc at least, like it or not, its a fact , i dare bulls to try buy when market cap at clsoe to amazon with 1/15 the reveneu. yes i double dare u