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Strategies & Market Trends : Trader J's Inner Circle
NVDA 185.58+1.8%Dec 8 3:59 PM EST

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To: Trader J who wrote (5661)1/22/1999 1:14:00 PM
From: Lane Hall-Witt  Read Replies (2) of 56535
 
That little rally was a great sign for NAVR longs. I think it shows that the stock is being closely watched in anticipation of the IPO, but that a lot of traders have not yet taken their position. It sure looked like panic buying to me, trying to get on board before the train leaves the station. My biggest worry holding NAVR has been a concern that everyone who's interested in NAVR is already in, which would mean we'd all be rushing to the exit at the same time. This burst makes me confident that there's still a lot of buying power on the sidelines.
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