Dang, Who got ball to buy SMCI will be rich.

Account fraud might be dip or nothing.

Wow.. -22% 

Delay filing and short sellers dream... no wonder get roasted.

What’s your average price?

A minute of silence for investors who think NVDA will reach 150 after QR 😭

All waiting for Powell decision by next week.

25bps or 50bps? 

BREAKING: CPI COMES IN AT 2.5% BELOW EXPECTATIONS OF 2.6%

Mean inflation drop and the fed target is 2.0%. But core is still hot at 0.3% expecting 0.2%.

Tomorrow can know PPI.

It also confirm the coming interest cut. But not sure 25bps or 50bps.

to cut interest rate 0.5 gonna trigger fear of a possible recession.
on the other hand, not cutting will hurt the economy.

0.25 cuts is the mid ground.

Therefore, investors want the cpi to be as close to the expected cpi as possible in order for feds to cut 0.25

it’s important to remember that NVDA is one of the most fundamentally sound companies on the NASDAQ-100 and that this is all temporary market related volatility. At $100 a share, NVDA isn’t far from its eventual lows. Whether the market bottoms this week with inflation or after the fed on the ensuing week shouldn’t haven any bearing on anyone’s investment strategy. Not if you take a long-term approach to investing as every good investor ought to do. Anything short of that is straight up gambling.

This brings me to my next point. Here’s why it’s critically important to always maintain a long-term time horizon when investing. Nvidia’s stock price has largely now caught up with its earnings growth. This is not to say that the stock can’t move substantially higher. Of course it can and it will. But what that does mean is that we’re unlikely to see the same types of stock gains that NVDA saw this past year and we’re probably going to see periods of consolidation more often now.

In fact, like many companies of NVDA’s size and scope, there’s a tendency for the stock to go through consolidation phases to allow the P/E ratio to shrink a bit. Nvida (NVDA) already went through one such phase when it traded between $40-50 for nearly 6-months in 2023. I believe Nvidia (NVDA) has entered a second such phase and will probably trade between $90 and $150 for a while now. Take a look at this NVDA weekly chart below. Notice the consolidation period between June 2023 and January 2024. Compare that period to today. Though the scope is greater today, the periods are very similar and occur during similar periods, seasonally.

[excerpt from this piece 9/9/24]
https://rb.gy/l98alc

it helps a noob investor like me & hope it helps those who are interested in this stock long term.

most likely blackwell will boost it out from the consolidation period probably around Q1 2025 report. Or maybe Q4 2024 earning guidance

and.. 2 more cuts by end of the year. WTF!

QE... here we come again.

This will reignite inflation again.

Wow. That's at least 0.5% more. 3.8 exchange rate coming then.

NVDA struggling to get back to above 120s...

Looks like 4th attempt..since June high.
Is there such thing as quad top? 
This will be interesting.. 

Next week, we all know what's going to happen.  Could be another roller coaster ride after Powell announcement. 

It's like a invisible ceiling above it. It needs more bulls to stampede to break above it. 

Meanwhile

SP500 all time high
Dow almost 52 weeks high.
Nasdaq... almost there

Damn...my Qs calls will be taken away by Friday if we don't get a pull back.

I need the bears to come out...

Thanks to Micron.