Ask Vendit Off-Topic Questions Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask Vendit Off-Topic Questions

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Carolyn who wrote (5085)	2/18/2005 8:55:51 AM
From: Walkingshadow	Read Replies (1) of 8752

Hi Carolyn, I just posted that the Core PPI came in way higher than consensus. That sparked a selloff in the index futures, which were trading modestly higher than fair value, but now are trading significantly below fair value. That means we're looking at a gap down and further deterioration. That will put a drag on NVDA, and could pull it down with the general market. Given that, I'd probably have a considerably lower threshold to selling the entire NVDA position. If I saw anything other than a ramp up into the session, I would probably sell the whole thing. A bird in the hand is worth two in the bush, especially if the bushes are getting scarce. NVDA will gap up, but the question is once the overnight retail bagholder buy orders are filled at inflated prices, will the MMs and professionals then take up short positions and methodically walk down the bid? I think that is likely. If so, within the first 5 minutes of trading or so we'll see a rather sudden reversal to the downside that will continue below the opening price. T

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next