bclemms
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NVDA is getting killed today. Big miss on earnings. Hard not to think some insider trading was at work leading up to the announcement.
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Not sure it is. Tech stocks hit bear territory today and NVDA coming off an earnings miss that big is just really bad timing.at what point is nvda a buy?
The miss was on Friday. But yeah.. sucks.NVDA is getting killed today. Big miss on earnings. Hard not to think some insider trading was at work leading up to the announcement.
The problem is that NVDA thought they had a better handle on what chips were being used for gaming and what for data mining.. I think they over estimated gaming. So, sales was way off and it also shows that their ability to forecast is off.at what point is nvda a buy?
So, where's the bottom here for Tech as a whole?
NVDA getting hammered for specific reasons, AMZN getting hammered as the sector is being hammered... CRM being hammered, I think for overall questionable strength in the cloud?
I feel like I need to dump half my portfolio.. and I was a day late and a dollar short.
Analysts keep saying to leave your IRAs and 401(k)s alone (outside of quarterly re-balancing), but damn, that is so hard to do considering how things look.
At this point, im still a hair up on NVDA and 10% on AMZN - so i get what they are saying. This was a massive correction, one i think that grew legs and outran itself.
Add to it, the market emotion, the China tariffs that are to go to 25% Jan 1, all this looming in the distance, puts folks on edge. So when guidance comes out thats somewhat negative, these folks run with it.
Tough market right now. Im not even looking at my balance because i know its gotta be close to 15% Total value ive lost and that will make me ill. lol.
edit: ya made me look...10% roughly. so not as bad as i thought. But interesting as i looked at chart...same drop in Dec 2014-Jan 2015...about a 10-15% correction. Leveled off in Feb, wallowed even for about a year and things began to appreciated in Feb 2016.
Interested to see if this happens yet again.
So, where's the bottom here for Tech as a whole?
NVDA getting hammered for specific reasons, AMZN getting hammered as the sector is being hammered... CRM being hammered, I think for overall questionable strength in the cloud?
I feel like I need to dump half my portfolio.. and I was a day late and a dollar short.