FrankCollins
06-11

$GraniteShares 2x Long NVDA Daily ETF(NVDL)$ Math versus mentality > Being that NVDL had run to nearly 300/share before its 6:1 split, with NVDA set to split 10:1 come Monday at approximately 120+/share, the math will still have NVDL at 2x percentage point moves for every 1x percentage point move for NVDA. At 120/share many more retail and fund managers (e.g. financial planners who tend to have older conservative value clients) will now see more of a share-price discounted growth stock in NVDA (thus the mentality factor). Therefore when you have folks with money, whom which will want more shares for their dollar, coupled with the retail crowds that tend to be more of the Wall Street gamblers, I wouldn't be surprised if NVDA was to push some 10+% up early next week; where the market makers will then look to gauge how NVDA trades after week 1 of its highly-anticipated post-split Super Bowl and thus seeing NVDL very easily testing that recent 73+/share level next week if not higher imo. Cheers

ps. another retail crowd thought > just maybe enough sour roaring kitty gme folks will say let's run a real name to the moon next week :)

šŸ’° Stocks to watch today?(26 Jun)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? šŸŽ Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment