Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 182.35

-0.6%

3:59 PM EST

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To: ThePro who wrote (7310)	2/2/1999 12:10:00 PM
From: Trader J	Read Replies (1) of 56535

ThePro: Wow! But how do you really feel. You may be right, it may rebound but I think this issue is going lower now...it is damaged goods and the news it out. They will need more news to move the stock and I think they have blown their wad and very poorly at that. The shorts are not done with it, they did not address the CFO resignation and their isn't any more major announcements that I can see coming. I did consider holding for possibly the announcement of how their first couple days of Inet sales have been, but it wasn't enough for me to continue holding. This issue has a low of 1/2 and is too damaged for any major rally in my eyes. I have some other intermediate term holds that I want to continue to play in ASCT and NAVR. I also added to my MDIN position this AM as well. I hope you do well by holding, it may very well stage a rebound. The nice part about being a trader is that you can always buy it back. Just because a stock was at 13, and now is at 6, doesn't make it cheap. I will look at it again in the 4s if it gets there. TJ

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