First a correction, analyst day at Nvidia(NVDA) is today. Prior report was in error. Trading in Nvidia yesterday, the day prior to the analyst day, was uninspiring — no run up prior to the event. In the premarket today, Nvidia is up $0.38. Yesterday, bears on Nvidia were out in
There are two catalysts for Nvidia (NVDA) in today’s trade. Today Nvidia is holding an analyst day. Expect plenty of hype. As we have written before, Nvidia is good at making great presentations and they have a good product road map.If any new material information comes out of this event,
We are taking partial profits on our Nvidia (NVDA) short position right here around $20.71. We will also tighten the stop on the rest of our position. iPad 2 from Apple (AAPL) uses a fast dual core processor with excellent graphics. This processor, although based on Arm Holdings (ARMH) design, is custom designed
In a prior post, we forewarned that Apple (AAPL) may push out Nvidia (NVDA) in favor of Advanced Micro Devices (AMD). Now the news is out. New Mac Books will include AMD’s ‘œRadeon‘ graphics chips in the 15-inch and 17-inch models, replacing parts previously supplied by Nvidia. Now one part of
We are partially exiting with profit our Nvidia (NVDA) position right here at $22.50. We sold short one tranche at $24.10 and 3 tranches at $26.00. Nvidia seems to be holding at a major support around $22.40. Our negative thesis on Nvidia has not changed. We are simply following the discipline
Lately, every brokerage firm that follows Nvidia (NVDA) has upgraded it in the resent past. As our regular readers know, we have been writing about irrational exuberance on Nvidia. We have also managed to complete two profitable trades on the short side on Nvidia. Yesterday, after the market close, Nvidia
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
There are significant profits now in our NVIDIA (NVDA) short position. In keeping with the discipline imposed by the ZYX Change Method, we will take profits on one third of our position right here around $22.62 and tighten trailing stops on another third of the position. For the time being we will
NVIDIA (NVDA) is weak on the rumor that NVIDIA’s graphic processing units may no longer be designed into new MacBooks under 13 inches. Our regular readers were forewarned that NVIDIA’s traditional graphic processing business is in jeopardy. We are short on NVIDIA. We shorted in three tranches each worth 5%
Traditionally, NVIDIA (NVDA) is a manufacturer of graphics cards marketed under the name GeForce. Typically, low end PCs and notebooks offer graphics capabilities integrated with the CPU. The high end units offer better graphics performance by utilizing separate graphics chips from NVIDIA or Advanced Micro Devices (AMD). Unfortunately for NVIDIA,