Obviously NVDA is in a Euphoric FOMO Mode and almost impossible to pick a top. However From Erections Come Corrections add the nice little double top and it makes it compelling for bulls to take profits.
Stupidity is the best way to make money, so don't give it back.
Stupidity is the best way to make money, so don't give it back.
Note
I forgot to add this NVDA P/E ratio 241.87 Earnings Yield of 0.004%
media.giphy.com/media/fZ2AL48usVPstYwMoT/giphy.gif
Note
As expected.MAGIC!
Note
Update again as expected.Note
New Lows made as expectedNote
yet another new low as expected.From an erection comes the correction. ;)
Don't bother with people who just like to hear themselves talk with no credibility.
Listen to the ones who have skin in the game.
Note
Was there ever a doubt? LOL!Note
What has changed with NVDA? Nothing. taking out a bunch of stops and those who heard what they wanted to hear and bought. The $25 billion stock buyback is an attempt to help meet the unrealistic earnings expectations for such an expansive stock. Reduce shares outstanding and help boost EPS artificially. $25 billion is a cheap price to pay when your stock market cap has grown by $500 billion Plus!
Note
NVIDIA CEO SAYS HE EXPECTS AI BOOM WILL LAST WELL INTO NEXT YEAR: RTRS I thought it was going to last 10 years? 🙄
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AAAANDDD!!!!! Right back down.Note
$471. Lol! But AI!!Note
The bad thing about being right is that you piss off a lot of people who bet against you. Usually the heard. Hazard of the job.
Note
👀NVDA $451
Magic
Note
CRACK!Note
We are seeing follow-through today after the CRACK! Note
NVIDIA CEO JUST SOLD $50 MILLION DOLLARS WORTH OF NVIDIA SHARES INSIDER BUYING V/S SELLING FOR NVDA IN THE LAST 3 MONTHS
BUYS -> $0
SELLS -> $256 MILLION
But but but AI.....
A quarter of a billion dollars says AI and NVDA is over hyped.
I am glad the CEO agrees with me.
Note
Another down day for NVDA starting to look like an island topNote
NVIDIA CEO JUST SOLD ANOTHER CHUNK OF NVIDIA SHARES.He is very confident in AI. 😆👌
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Grinding lowerNote
NVDA is hitting $408 looking for lowerNote
NVDA bear flag setup for more downside.Note
NVIDIA's offices in France have been raided in a competition inquiryNote
**Updated Charts**Note
Right Shoulder fully formed along with a 2nd Crack!Note
NVDA continues lower as expected breaking $400But! But! But! AI!!!
Yeah AI my Ars!
Note
A lot of hype but has gone nowhere.Note
Finally, after all the AI hype daily, the self-fulfilling prophecy has come, After high basing for about 9 months comes the break.It would have been far better to wait for the breakout and buy than to hold on and take on all that risk.
Note
NVDA Video Correction vs Reversal
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Real Macro Economic Investing
patreon.com/Realmacro
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.