Markets have certainly move UP beyond anybodies prediction in short 9 straight weeks....
Many fast movers are taking rest while market keeps moving UP with changing stock focus.....
Leadership is becoming undefined @ this stage.....
Semiconductors got a brutal drubbing...excuse was NVDA...which was subjected to....I will find something bad in your report...even though NVDA exceeded Sales/EPS/exceeded consensus in guidance...funny how wall street can MANUFACTURE problems in a good ER....NVDA volume was 73+ million shares vs average of 23 million..Down 13.79%....
OIL closed @ $58.63
Gold closed @ $914.40
Canadian $ had a "mother of a rally" UP 1.69 cent against US$..highest close in many months...
VIX closed @ 32.05
By 10AM Saturday..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Reading the notes on NVDA, I can only reflect on how this stock is manipulated without mercy. There are powers that be, that have complete control on NVDA. This stock is followed by a huge analyst group. Several of them always find something wrong to complain about. No let up. In 2007 NVDA Forbes company of the year. In 2007 NVDA management turned down some kind of analyst proposition. Since then its been all down hill. I still think there is a big future in gaming.
Best Regards
Standard I believe in what you say--I lover the PC for games --not the Sony Playstation--etc
but when the tape shits on us it is time to listen and more on IMHO.
DRYS and DSX where pounded Friday just be glad that your GE is still on fire
According to some pun dents it is headed to $20 smackers.
Hi Standards,
NVDA was dealt a stinking hand by many analyst with target as low as $8..$9 for two & as high as $15 by Needham....
I have never seen a manipulation of this magnitude on... great guidance....
Can you imagine IF NVDA guidance was just in-line or LOWER???
Saleem
Hi Saleem,
Needham served the death blow to NVDA by saying investors would lose half their investment by 2008. Now he is trying to correct the down trend he created. Sorry to see this happen. NVDA would not buddy up with the analysts so they are getting revenge. Great guidance and they continue hounding the stock.
Best Regards
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