$NVDA CRUSHED IN AFTER HOURS SESSION FOLLOWING DREADFUL NUMBERS
Thu Nov 15, 2018 5:23pm EST
I was long both NVDA and SOXL heading into these numbers and I sold both in the after hours, a very rare thing for me because I believe both are heading much lower. The possibility that analysts will not downgrade NVDA is zero. Ergo, I’m fairly certain you’ll see further downside by tomorrow morning.This morning you could almost feel spirits falling like cherry blossoms in gentle spring rain.
This is unfortunate, since I had a nice gain in SOXL and ended up selling for a 1% loss. My loss in NVDA was ~15%, an unacceptable drawdown, which prompted an immediate sale....MORE
Or something:
Cramer Warns of Fed Knowing Nothing Again, Nvidia is Toast, Markets Don’t Bottom on Friday’s
Fri Nov 16, 2018 8:50am EST
This is what we don’t want to learn about on a chilled Friday morning, less than a week to national festival.SOXL is a triple leverage semiconductor ETF.
Cramer says CEOs, in private, are telling him the economy is slowing and the Fed is out of touch with reality.
Fine. But the Fed knows exactly what it’s doing — consolidating banks into the hands of the strong, washing the country of the weak. Opening up the labor pool to our most productive companies by disjointing it and casting aside the marginal players. The only way to do that is to slow the economy and cause unemployment.
Boom, bust cycles, all managed by the Fed.
Shares of NVDA are meeting their maker this morning, after missing a whole lot. They blamed weakness on crypto mining. Oddly enough, when they were smashing numbers, I vividly recall them saying it had nothing to do with cryptos....MORE
