$NVIDIA Corp(NVDA)$ NVDA will hover at around 120 max till earnings out on 28/8. Despite its forecast potential earnings, the market has already priced in all factors. Investors are wary of the overhyped AI and semiconductors stocks, and many have been burnt when prices dropped dramatically from their peak. When CEO sells his own company stock, it means prices are at their foreseeable peak. Do not believe their crap about portfolio balancing or any other excuses.
$NVIDIA Corp(NVDA)$ Even at the current prices, NVDA is overvalued. The daily highs and lows are on the down trend. Market has come to realise that the AI craze has been overhyped. Tech stock prices will drop to more reasonable level. CEO selling stocks before earnings says it all. CEO of all people will know whether their stock is fairly priced even with NVDA forecast increase in earnings due to AI. Even Jeff Bezos is selling Amazon stocks, Tech stocks is on a downward trend for foreseeable future.
$NVIDIA Corp(NVDA)$ Tried playing the market in NVDL LONG ETF and NVD SHORT ETF. My Losses are MAGNIFIED big time due to poor market timing. Would not recommend investing in these ETFs now due to recent market fluctuations. Investors can win big time but these ETFs can bankrupt you too! [Miser] [Spurting] [Miser] [Spurting]