A pullback to $120 would be a significant drop, considering Nvidia’s recent price action. While anything is possible in the market, such a steep decline might require a broader market correction or significantly negative news.
Strategy Suggestions:
• Dollar-Cost Averaging (DCA): Instead of betting everything on the earnings report, you could gradually build a position over time to reduce risk.
• Options: If you’re leaning towards Nvidia exceeding expectations, you could consider buying call options to limit your downside risk.
• Wait for the Report: If you’re concerned about a pullback, you might want to wait until after the earnings report to see how the market reacts.
In Summary: Buying before the earnings report is a higher-risk strategy that could pay off if Nvidia beats expectations. However, if you’re concerned about a potential pullback, a more cautious approach might be prudent.
My Take/Conclusion:
I will be taking the more prudent approach to see how the market reacts after the earning report as I am expecting a pullback even before the actual earning report.
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.
A pullback to $120? That’d be wild! Holding off until after earnings might be the way to go.
Options are a good hedge if you think Nvidia will crush it, but I’m cautious before earnings.
Waiting for the dust to settle after earnings seems smart—better safe than sorry