ADD TO $NVDA SHORT SELL POSITION

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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.

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