As a full disclosure, subscribers to the ZYX SHORT SELLCHANGE ALERT were informed on March 18,2011 to buy to cover the short position on Nvidia or take protective measures to lock in profits.
I was short on Nvidia from an average price of $25.53. I bought to cover the last tranch at $17.60.
For analysis of the news on NVidia, please see my article at http://seekingalpha.com/article/260154-nvidia-on-fire
I intend to short Nvidia again when all six screens of the ZYX Change Method are satisfied.
Please see my prior post on Nvid
Image via WikipediaIn our years of experience, it has been proven conclusively that no one, including us, can consistently call the exact points. Anyone claiming to be able to consistently call exact entry and exit points is either uttering falsehoods or grossly exaggerating. Our research has shown that the best way to maximize profits and lower risks is to work in terms of probabilities computed according to a rigorous analytical process such as the ZYX Change Method.
Nvidia closed yesterday at $17.62. At this juncture, our screens are showing only a 60% probability of Nvidia going down to $16, and there is only a 50% probability of Nvidia going down to $15. There is a 40% probability of a strong bounce.
Given the above probabilities, each investor should make a decision to take profits based on their own individual situation. The following are suggestions for those following the ZYX Change Method Trade Management guidelines:
â– Investors not able to watch the market during the day
â– Conservative investors
â– Aggressive investors
â– Investors able to watch the market during the day
â– Skilled traders
For performance tracking purposes, we will maintain a tight trailing stop on half the position.
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