$NVDA has spiked higher on $INTC (INTEL) news. The INTEL news will have no material positive impact on $NVDA’s numbers over the next 4 quarters. Consider lightly scaling in shorts right here at $15.18 and short more if the stock continues to spike higher. Investors are clearly misunderstanding the news.
… Please click here or the title below to read more.Recent Department of Education’s draft rules related to incentive compensation have met with a mixed reaction. Credit Suisse is cautious. Piper thinks it is manageable. Wedbush calls it slightly negative. Our take on fundamental basis remains negative. The draft rules recommend elimination of 12 exceptions to a 1992 law that barred for profit colleges from paying admission officers based on the number of students they enrolled. We believe that, if enacted, these rules will eliminate the boiler room environment and reduce enrolment.
Technicians have been taking comfort from the rounding bottom formation on the chart. However, on a break below $54.55 this formation will be invalid and may result in stops getting hit.… Please click here or the title below to read more.
$GCZ9 is at $1143 and $ABX is at $41.95. We have substantial profits. ZYX Change Method trade management guidelines dictate that stops be closely trailed. Do not let profits slip away but still allow room for further gains.
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