EXITED NVIDIA (NVDA) WITH PROFIT ON INTEL (INTC) RUMORS
As per the prior post, our first tight trailing stop hit on NVIDIA (NVDA) at 22.52. The stop on the remaining position hit at $23.02. Now we have successfully exited our short on NVIDIA with profit.
Rumor of Intel (INTC) buying NVIDIA makes no sense as Intel already has a license to NVIDA’s graphics intellectual property.We will use technicals to establish a short position again
February 11, 2011