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Technology Stocks : NVIDIA Corporation (NVDA) -- Ignore unavailable to you. Want to Upgrade?


To: Brasco One who wrote (1132)9/6/2002 7:09:12 AM
From: Labrador  Read Replies (1) | Respond to of 2646
 
I would venture to say that NVDA is within 50 cents of its low at this juncture. The shares could easily turnaround and head back to the $12-$14 range.

It is utterly amazing to me that NVDA is trading where it does now. We are not dealing with a technology company that is bleeding cash and generating 8 digit losses. We are talking about the leader in their field, and a company that is still making money, with great margins.

A wacky world that we're in now. Donny, tuck those shares under your pillow, and see in a couple of years once NVDA is trading back with a forward P/E of around 20. I will likely be buying a lot of shares in this range, and flipping half on a few points move. I also bought a few shares in my IRA yesterday at $9.03, which are tucked away for the longterm.

NVDA is a stock that I do want in my long-term portfolio.