TIME TO TAKE SOME PROFITS ON NVIDIA (NVDA)
Image via Wikipedia We have been short Nvidia (NVDA) with an average price of $25.53. At the time of entering the trade, we stated that the Quantitative Screen of the ZYX Change Method was showing the fair value of Nvidia to be $18. When the stock was just breaking $19 on March 10, 2011, we wrote, “The quantitative screen of the ZYX Change Method shows a fair value of Nvidia to be $18. However, our years of experience have taught us that in this case there is a high probability for Nvidia to overshoot to the $15-16 range.” In our years