ADD TO $NVDA SHORT SELL POSITION
On December 7, 2009 we lightly scaled in a short with a 5% full position size at $15.18. Since then, the stock has moved up as high as $18.95 based on rumors that $INTC will buy them. Such rumors make absolutely no sense. $INTC is already fighting Department of Justice on anti trust grounds. Considering $INTC’s present intellectual property in graphics chip sets, we see major hurdles to any buyout of $NVDA.
We will scale in another 10% in the range of $18.50 to $19.10. If stock goes higher, we will become more aggressive in accumulating a larger short position. Time to be aggressive is not yet here as our proprietary money flow indicators continue to show strong accumulation.… Please click here or the title below to read more.