Short

NVDA From Erections Come Corrections

Updated

Obviously NVDA is in a Euphoric FOMO Mode and almost impossible to pick a top. However From Erections Come Corrections add the nice little double top and it makes it compelling for bulls to take profits.

Stupidity is the best way to make money, so don't give it back.

Note

I forgot to add this
NVDA P/E ratio 241.87 Earnings Yield of 0.004%
media.giphy.com/media/fZ2AL48usVPstYwMoT/giphy.gif

Note

As expected.

MAGIC!

Note

Update again as expected.

Note

New Lows made as expected

Note

yet another new low as expected.

From an erection comes the correction. ;)

Don't bother with people who just like to hear themselves talk with no credibility.
Listen to the ones who have skin in the game.

Note

Was there ever a doubt? LOL!

Note

What has changed with NVDA? Nothing. taking out a bunch of stops and those who heard what they wanted to hear and bought.

The $25 billion stock buyback is an attempt to help meet the unrealistic earnings expectations for such an expansive stock. Reduce shares outstanding and help boost EPS artificially. $25 billion is a cheap price to pay when your stock market cap has grown by $500 billion Plus!

Note

NVIDIA CEO SAYS HE EXPECTS AI BOOM WILL LAST WELL INTO NEXT YEAR: RTRS

I thought it was going to last 10 years? 🙄

Note

AAAANDDD!!!!! Right back down.

Note

$471. Lol! But AI!!

Note

The bad thing about being right is that you piss off a lot of people who bet against you. Usually the heard.

Hazard of the job.

Note

👀

NVDA $451

Magic

Note

CRACK!

Note

We are seeing follow-through today after the CRACK!

Note

NVIDIA CEO JUST SOLD $50 MILLION DOLLARS WORTH OF NVIDIA SHARES

INSIDER BUYING V/S SELLING FOR NVDA IN THE LAST 3 MONTHS

BUYS -> $0

SELLS -> $256 MILLION

But but but AI.....

A quarter of a billion dollars says AI and NVDA is over hyped.

I am glad the CEO agrees with me.

Note

Another down day for NVDA starting to look like an island top

Note

NVIDIA CEO JUST SOLD ANOTHER CHUNK OF NVIDIA SHARES.

He is very confident in AI. 😆👌

Note

Grinding lower

Note

NVDA is hitting $408 looking for lower

Note

NVDA bear flag setup for more downside.

Note

NVIDIA's offices in France have been raided in a competition inquiry

Note

**Updated Charts**

Note

Right Shoulder fully formed along with a 2nd Crack!

Note

NVDA continues lower as expected breaking $400

But! But! But! AI!!!
Yeah AI my Ars!

Note

A lot of hype but has gone nowhere.

Note

Finally, after all the AI hype daily, the self-fulfilling prophecy has come, After high basing for about 9 months comes the break.

It would have been far better to wait for the breakout and buy than to hold on and take on all that risk.

Note

NVDA Video Correction vs Reversal

RealMacro

Also on:

Related publications

NVDA - AI Is The New Dot Com

by RealMacro

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.