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Strategies & Market Trends : Trader J's Inner Circle
NVDA 183.40+2.1%Dec 4 3:59 PM EST
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To: Softechie who wrote (19877)9/1/1999 8:21:00 AM
From: Wes Stevens  Read Replies (1) of 56535
 
I have it on my watch list. They say ibm was only 15 of their business so from that point of view it is oversold. But it has really run up far lately. At it's current price the p/e is almost 100. Even with a 40% cut it is only back to the levels it traded at the beginning of july. When a high flyer like this get it's legs cut out from under, sometimes it takes a while to recover.
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