The Long Term Investor

HERE is a bit of a preview for tomorrow and next week.

Amazon Prime Day, Inflation data: What to know this week

https://finance.yahoo.com/news/amazon-prime-day-inflation-data-what-to-know-this-week-144955861.html

(BOLD is my opinion OR what I consider important content)

"Investors this week are set to eye a number of economic data prints, including an update on the Federal Reserve's preferred measure of inflation — personal consumption expenditures (PCE). Corporate events will include Amazon's annual shopping extravaganza.

This week's inflation report from the U.S. Bureau of Economic Analysis on PCE will take on additional significance after the Fed upgraded its forecast on inflation for this year and next. The Fed's updated median outlook for inflation suggests core PCE, which excludes volatile food and energy prices, will rise by 3.0% this year and by 2.1% in 2022, with both forecasts up from the 2.2% and 2.0%, respectively, the central bank saw previously in March.

The upwardly revised outlook came following a plethora of reports chronicling the surge in demand for both inputs and end consumer goods amid the U.S. economic recovery. The central bank's new forecast for inflation also coincided with an upgraded outlook on U.S. economic growth, with the Fed now seeing real gross domestic product (GDP) rising by 7.0% this year versus the 6.5% growth rate seen previously. And the Fed also suggested it may raise interest rates twice by the end of 2023, with the moves, if realized, set to help stave off a sustained and unchecked surge in inflation.

Still, a number of Fed officials, including Fed Chair Jerome Powell, have clung to the notion that the multi-decade high surges in inflation seen so far this spring will ultimately prove transitory. And indeed, many of the categories that saw the biggest price increases — like autos, airfares and gas — are those most closely pointing to a temporary surge in reopening-related demand spikes.

"Much of the rise in inflation in major advanced economies from March to May has reflected the fact that prices fell in the same period a year ago," Simon MacAdam, senior global economist for Capital Economics, wrote in a note. "That said, depending on how you measure it, almost half of the jump in inflation in the U.S, and UK over the past three months has reflected a ‘genuine’ pick-up in inflation. For the most part, base effects are unlikely to be a significant driver of inflation in the year ahead."

But these points have only somewhat taken the edge off the jarringly quick rises in inflation seen recently: Core consumer prices, excluding food and energy, surged in May by 3.8% from a year ago, or by the most since 1992 — and producer prices excluding food, energy and trade rocketed by a record 5.3% year-on-year.

Consensus economists are looking to see that PCE inflation accelerated on a year-on-year basis in May over April. Friday's report will likely show a 3.9% jump in overall PCE over last year, up from April's 3.6% rise, according to Bloomberg consensus data. That would mark the fastest annual rise in PCE inflation since 2008. Core PCE is expected to climb 3.4% year-on-year after a 3.1% increase in April, with the expected rate of change set to mark the fastest jump since 1992.

"The strength of price pressures owing to the supply/demand imbalance in commodities far exceeded even the wildest of inflation forecasters' imagination," Bank of America economist Michelle Meyer wrote in a note. "However, the shortages coupled with the rebound in beaten-down travel-related components amid the reopening in the economy largely reflect transitory price pressures. As our new U.S. transitory inflation meter reveals, transitory inflation is now at historically elevated levels."

"That said, the risk is that some of this transitory strength will feed into persistent inflation, which we believe has also been improving," she added. "Keep an eye on 1) sticky inflation measures, 2) wage growth, and most importantly, 3) long run inflation expectations."

Amazon Prime Day
One of the key company events taking place this week will be Amazon Prime Day, the e-commerce giant's annual sales extravaganza. This year's Prime Day will take place starting at midnight Pacific Time on June 21 and continue until 11:59 p.m. on June 22.

As usual, the deals will be open to subscribers of Amazon's $119 per-year Prime membership. Amazon CEO Jeff Bezos disclosed in the company's annual shareholder letter in April that the company had more than 200 million members worldwide.

In 2020, Prime Day was moved from the summer to October in light of the COVID-19 pandemic. This year, Amazon pulled forward the event slightly, offering its usual variety of sales on electronics, home goods and other items in June rather than in July. The event has also typically included an abundance of markdowns on Amazon's own branded hardware devices, including Echo smart speakers. Amazon touted that more than 2 million deals would be available over the course of the event this year.

Even given last year's pandemic-related disruptions, Amazon saw a record period of sales during the shopping holiday. While Amazon does not typically reveal the total value of goods sold during its Prime Days, the company said its third-party sellers topped $3.5 billion in sales across 19 countries over the course of the two-day event last October.

"We project total Prime Day revenue of ~$8.4 billion this year, up 12% from our estimated ~$7.5B in 2020 when the event was in October and pulled forward holiday demand," JPMorgan analyst Doug Anmuth wrote in a note. "This year Prime Day is taking place a few weeks ahead of its usual mid-July timing, we believe so that it does not conflict with the Tokyo Summer Olympics or the strong summer travel season post-vaccinations."

Other firms have placed bets on an even bigger Prime Day, with Adobe estimated consumer spending during the event could top $11 billion. Adobe also estimated the last Prime Day in October brought in $10.4 billion over the two-day event.

For the Amazon consumer and investor community, one possible update to keep an eye on in the coming months is a potential increase in the cost of a Prime membership, which at least some Wall Street analysts suggest may be coming.

"We believe the pandemic may have delayed a Prime price increase in 2020, and that could now come over the next few quarters to offset incremental costs of Prime 1-day shipping, Amazon Fresh/Whole Foods free shipping, and ongoing FC [fulfillment center] expansion," Anmuth said. He estimated an Amazon Prime subscription is worth about $1,000 per year to consumers, compared to the $119 the company charges customers for the annual membership and that confers benefits including free shipping, grocery discounts and access to Amazon Prime Video.

Shares of Amazon have risen more than 7% so far in 2021 to date, underperforming against the S&P 500's about 11% rise."

"Economic Calendar

• Monday: Chicago Fed National Activity Index, May (0.7 expected, 0.24 in April)
  
  
• Tuesday: Existing home sales, May (5.71 million expected, 5.85 million in April); Richmond Fed Manufacturing Index, June (18 expected, 18 in May)
  
  
• Wednesday: MBA Mortgage Applications, week ended June 18 (4.2% during prior week); Current Account Balance, Q1 (-$207.0 billion expected, -$188.5 billion during prior quarter); Markit U.S. Manufacturing PMI, June preliminary (61.5 expected, 62.1 in May); Markit U.S. Services PMI, June preliminary (69.9 expected, 70.4 in May); Markit U.S. Composite PMI, June preliminary (68.7 in May); New home sales, May (875,000 expected, 863,000 in April)
  
  
• Thursday: Advance Goods Trade Balance, May (-$87.7 billion expected, -$85.2 billion in April); Wholesale inventories, May preliminary (0.8% in April); Durable goods orders, May preliminary (3.0% expected, -1.3% in April); Durable goods orders excluding transportation, May preliminary (0.8% expected, 1.0% in April); Non-defense capital goods orders excluding aircraft (0.7% expected, 2.2% in April); Non-defense capital goods shipments excluding aircraft (0.7% expected, 0.9% in April); GDP annualized, quarter-over-quarter, Q1 third print (6.4% expected, 6.4% in prior print); Personal consumption, Q1 third print (11.3% expected, 11.3% in prior print); GDP Price Index, Q1 third print (4.3% expected, 4.3% in prior print); Initial jobless claims, week ended June 19 (380,000 expected, 412,000 in prior print); Continuing claims, week ended June 12 (3.518 million in prior print); Kansas City Fed Manufacturing Activity Index, June (26 in prior print)
  
  
• Friday: Personal income, May (-2.8% expected, -13.1% in April); Personal spending, May (0.3% expected, 0.5% in April); PCE Deflator, month-on-month, May (0.5% expected, 0.6% in April); PCE Deflator, year-on-year, May (3.9% expected, 3.6% in April); PCE Core Deflator, month-over-month (0.6% expected, 0.7% in April); PCE Core Deflator, year-over-year (3.4% expected, 3.1% in April); University of Michigan Sentiment, June final (86.5 expected, 86.4 in May)"

"Earnings Calendar

• Monday: N/A
  
  
• Tuesday: Plug Power (PLUG) before market open
  
  
• Wednesday: N/A
  
  
• Thursday: Darden Restaurants (DRI) before market open; Fedex (FDX), Nike (NKE) after market close
  
  
• Friday: CarMax (KMX) before market open"

MY COMMENT

REALLY nothing of much substance going on this week. No earnings.....to speak of....since we are in the dead time before the next quarterly reporting.

Economic data......who cares.....more of the same.....data that is virtually MEANINGLESS since it is comparing to the DISTORTED baseline of last year.....and......is happening during the re-opening of the economy. We are JUST NOW seeing about 60% of the states and economy START to re-open. It will be many months.....at the minimum till the end of the year.......before we know ANYTHING at all.

Anecdotal comment from an OPEN state......I was waiting in the parking lot of HEB today......a really BIG HEB. I did not even realize....till I saw ONE person.....after about 15 minutes wearing a mask....that not a single person going in or out of the store was wearing a mask. In THIS state......masks are DONE.

PRIME DAY......a good day for AMZN shareholders. As to an increase in the Prime fee....fine with me as a shareholder and a Prime member. I get good value for my membership. As a shareholder......this is ALL FREE MONEY for the company and shareholders....just like the COSTCO membership fee. What am AMAZING business model. I hope they can hold it all together going forward with the NEW management.

 

NOT a good time....at the moment....for Bitcoin. I would call it GROWING PAINS...as the struggles continue with governments trying to come to grips with how they are going to deal with and treat Crypto going forward. HERE is the reason for the recent drop.

Bitcoin drops as China intensifies crypto mining crackdown

https://www.cnbc.com/2021/06/21/bitcoin-btc-price-drops-on-china-crypto-mining-crackdown.html

MY COMMENT

"Key Points

• Bitcoin fell 7% to a price of $32,801 Monday morning, dropping below $33,000 for the first time since June 8.
• China’s crackdown on cryptocurrency mining has extended to the southwestern province of Sichuan, according to reports.
• This appears to have led to a significant decline in bitcoin’s hash rate, or processing power."

MY COMMENT

I am NOT a Bitcoin investor....but I post this since Crupto is NOW a significant investment asset to many people. The WORLD is still in the early stages of sorting out how Crypto is going to be treated and handled by GOVERNMENT. For long term holders of this asset......this sort of drop is NOT uncommon. This is a VERY VOLATILE investment.....OBVIOUSLY. I assume that dedicated owners of Crypto are used to this sort of thing and accept these drops as part of.....the price you pay to be in this asset for the longer term.

 

I like this little article......and....am NOT surprised in the slightest.

Inflation hasn't dented earnings forecasts: Morning Brief

https://finance.yahoo.com/news/infl...rnings-forecasts-morning-brief-090650254.html

(BOLD is my opinion OR what I consider important content)
"A single word defines the economic and market conversation right now: inflation.

And corporate management teams, speaking to analysts during first quarter earnings season, were no exception.

In FactSet's latest weekly earnings insight piece published Thursday, John Butters looked at the prevalence of mentions about inflation on quarterly earnings calls. More importantly, he looked at how much forecasts have changed as a result of this concern.

And while there is no doubt executives are talking about inflation, so far there's been little change in how the Street thinks results will be impacted.

Butters and his team screened every earnings call held by an S&P 500 member from March 15 to June 15 and found 197 mentions of "inflation," the most since at least 2010.

"The previous record was 163, which occurred in Q2 2018," Butters noted. "In addition, the first quarter marked the largest year-over-year increase (+138) in the number of S&P 500 companies citing 'inflation' on quarterly earnings calls going back to at least 2010 as well."

As a percentage of constituents, no sector within the benchmark index cited inflation more often than consumer staples, where 84% of members discussed price pressures during their calls.

But Butters and his team find that expectations for this group are still tracking higher along with the broader market, indicating that analysts are not judging consumer brands more harshly for their exposure to inflation trends.

For 2021, Wall Street expects earnings for the sector to rise 7.2% with margins coming in at 6.8%. In March, the Street expected earnings would grow 5.2% and margins would come in 6.7%. The prospects for earnings for this sector, in other words, have improved over the last three months — even as inflation pressures have become more prominent.

These revisions are also in keeping with the overall market, as earnings growth and margin expectations for the S&P 500 at large have been revised up since March, according to FactSet's data.

Margins for most companies in this sector — which is comprised mostly of food and beverage distributors or retailers — are already trim, and organic top-line growth is generally capped by how fast the overall economy is expanding.

These companies, then, are most preoccupied with not only higher costs but costs that rise quickly — because their path to earning profits is already narrower than businesses in faster growing sectors like technology.

As for what's driving these higher costs, shipping, commodities, and labor were the three most popular sources of pressure.


Shipping, commodity prices, and higher wages were the most common sources of inflation pressures cited by consumer staples companies during first quarter earnings conference calls. (Source: FactSet)
The solution to protecting margins for these companies, then, is simple: raise prices. Some 18 of the 26 consumer staples companies that mentioned inflation referenced "pricing" in some form or fashion as a way to offset higher costs.

Which isn't exactly welcome news to consumers.

Two weeks back, data on consumer prices in May showed the consumer price index jumped by 5% over the prior year, the biggest jump since 2008. This past week, data on producer prices showed a 6.6% jump over last year in May, the biggest increase since 2010.

And if the commentary flagged by FactSet is any indication, elevated producer prices could continue feeding into higher prices. It's just not clear this is a problem yet for the stock market. "

MY COMMENT

WELL.....DUH. It companies have to pay more to get their products produced and distributed....they will SIMPLY raise prices and pass the increases on through the distribution chain to the ultimate consumer. AND....many companies will ALSO....tack on a bit of extra increase for themselves. I dont think we are going to see ANY impact on DOMINANT companies.....with.....good management. THIS is one of those issues that will impact stock SHORT TERM....but.....the better course for investors is to WAIT and see what the actual REALITY turns out to be.

 

I note that today the Ten Year Treasury Yield is........1.472% Who would have guessed a few months ago.....or.....considering ALL the talk about the FED and inflation lately.

 

HERE is a nice positive little article for investors.....but than....long term investors are ALWAYS positive.

Retail investor stock buying boom of 2021 is just getting started: Goldman Sachs

https://finance.yahoo.com/news/reta...-getting-started-goldman-sachs-102449550.html

(BOLD is my opinion OR what I consider important content)

"If Goldman Sachs is right, the Great 2021 Retail Investor Stock Buying Boom that has fueled big-time volatility in shares of AMC Entertainment, GameStop and Blackberry is only just beginning.

The investment bank's chief U.S. equity strategist David Kostin raised his 2021 estimate on household net equity buying to $400 billion from $350 billion in a new research note to clients. In the first quarter alone, households were the largest source of equity demand with net purchases of $172 billion.

In one of the clearest signs of exuberance on the part of retail investors (perhaps too much, Kostin estimates that households currently allocate an outsized 44% of their assets to equities. That is only slightly below the all-time high of 46% seen back at the height of the dot com craze (and subsequent blowup).

"High cash balances and continued retail participation in equity markets should bolster household equity demand. The tradeoff households face between equities and other asset classes favors equities through year-end given anemic money market and credit yields. Additionally, any signs of a sustained increase in inflation would favor equities over bonds or cash," explains Kostin.

To be sure, the enlarged appetite to buy stocks among the retail crowd outlined by Goldman is poised to be severely tested in coming weeks.


Households continue to have a strong appetite for stocks.
Renewed volatility has swept through the markets in the aftermath of the latest Federal Reserve meeting, where policymakers opened the door to higher interest rates and the start of tapering bond purchases. Both actions are seen as headwinds to stock prices in the months and years ahead.

The markets didn't appreciate the surprising level of hawkishness from the Fed, and made their views heard.

The Dow Jones Industrial Average tanked more than 533 points on Friday as investors digested fresh hawkish comments from St. Louis Fed President James Bullard two days after the latest Fed meeting. All of the Dow's components finished in the red, led by Chevron, Walgreens Boots Alliance and Goldman Sachs.

Last week's mostly risk-off environment in the markets highlighted a shift in sector ownership that has been underway in recent weeks to little fanfare among pundits. Most of the best-performing sectors over the past month have been defensives and tech, both of which tend to see strong interest amidst heightened market uncertainty.

Some Wall Street strategists suggest it's time to buckle up as today's market is looking very different than the one earlier in the year.

"Although macro influence over S&P volatility has declined, total macro risk is higher than normal, in part due to the outsized impact of changes in credit spreads on equity volatility. With the yield curve likely to be a major source of debate going forward, expect sector, factor and industry reversals to continue until the economic and policy paths are more certain. That is consistent with a mean reverting backdrop and suggests some caution in chasing short Value/Cyclical trades. Value and Small caps tend to have much stronger than normal returns after sharp and if the recent history of mean reversion is any guide, expect some reversal in July," warns EvercoreISI senior managing director Dennis DeBusschere."

MY COMMENT

I agree completely. There is SIMPLY.....no where else......... for people to even consider investing or parking money at this moment. In addition all of the events of the past 6-9 months have GREATLY increased the awareness of stock investing.....or....trading. ANY increase in retail investing is here to stay. What form this will take....trading...long term investing.....etc, etc, etc,.....will sort out over the coming years. It is highly probable that MUCH of this retail money WILL ultimately end up as long term money.......as young investors figure out the markets and the best way to safeguard and preserve their money.....while....capturing the gains from stock investing.

 

WELL....at least we are now open. NOT....that it means anything. A typical open.....and....a mixed open at the moment with the NSADAQ negative. The start to another week.

NOTHING special going on this week.....so...we will probably drift around as we have been doing lately.....with stocks being driven by short term news items and resulting DRAMA.....or lack of DRAMA.

 

NVIDIA is down....so far today. I have been expecting a short term DROP....with profit taking based on the HUGE gain since the split announcement. At this moment it is down $21 or 2.9%. There was such a long time from the split announcement to the actual split.....there is no way it could just go up, up, up, for that length of time. I think we will see this little dip...perhaps for a week or so.....and....as we get closer to the split date in JULY the movement UP will begin again.

I like to make these sorts of little short term predictions.....as a game....with myself. I am NOT expecting anyone to ACTUALLY trade on this stuff.....I would not.

 

LOL.....I just heard someone on VARNEY today......I did not pay any attention to who it was.... with the perfect description of the drop last week.......A.....TAPER TANTRUM. I have not heard that phrase in a while. He also had a perfect description of the FED Open Market Committee.......the.......FED Open Mouth Committee.

How true....and a perfect ANALYSIS of the short term market INSANITY last week.

 

Agree.....of course....Zukodany.

Technology, the ramping up of the global work force, etc, etc,......will ALL increase business productivity....and.....will TAMP down inflation, perhaps even to the point of deflation. At least over the long term.

 

HEB....they TOTALLY dominate the grocery business in Texas. A GREAT store....they kick everyone's ass, even Whole Foods.....and they (Whole Foods) are from Austin. The HEB store brands are all fantastic.....at least all the ones that I have tried. A really well run....pirate company.......from San Antonio.

https://en.wikipedia.org/wiki/H-E-B

 

I heard today that.....ONLY....12 states.......will have done away with the EXTRA $300 per week unemployment as of JULY 31.

No wonder the employment numbers are so screwed up. People think the economy is re-opening....but....it is a very long way from being re-opened......and in many areas.....they have not even started yet.

 

Down 500 one day.....up 500 the next day. This is what drives NON-INVESTORS crazy. The response from my NON-INVESTOR friends over the years to why they dont invest is......"how can you make any money, it just goes up and down".

I can see why they think that. If you knew nothing about investing......and......just saw a bit of the daily coverage of the markets....you would have a REALLY SKEWED idea of how the market operate.

 

OH NO......NOT the DEATH CROSS. God help us. Ok.....it is a Technical Analysis pattern that is currently HURTING bitcoin....along with the actions of the Chinese government. I mention this because......this sort of bitcoin drama.....is also impacting stocks like NVIDIA today.

Explainer-'Death cross' chart formation adds another worry to bitcoin outlook

https://finance.yahoo.com/news/explainer-death-cross-chart-formation-175445649.html

MY COMMENT

One thing about Technical analysis....whether you believe in it or not.....they have all the COOL NAMES.

Now as to NVIDIA today and how this impacts them:

Here's Why Crypto Crash is No Big Deal for NVIDIA (NVDA)

https://www.nasdaq.com/articles/heres-why-crypto-crash-is-no-big-deal-for-nvidia-nvda-2021-06-21

(BOLD is my opinion OR what I consider important content)

"NVIDIA NVDA has been one of the top-performing technology stocks so far in 2021, thanks to its powerful Graphic Processor Units (GPUs), which have witnessed strong demand from gamers, datacenter operators and particularly, cryptocurrency miners.

The company’s GeForce GPUs, which are originally manufactured for gamers, have been in such high demand among miners that it was forced to launch Cryptocurrency Mining Processor (CMP), a separate product line for professional miners, in first-quarter fiscal 2021.

Moreover, NVIDIA reduced Ethereum mining capabilities of its newly-manufactured GeForce RTX 3080, RTX 3070, and RTX 3060 Ti graphics cards by half. These also carry a low hash rate or LHR identifier.

Impact of Bitcoin Slump Could be Negligible
The cryptocurrency market is currently in panic mode as the most popular digital currency, bitcoin, is down almost 49% from the year’s high of $64,829.14 hit on Apr 14, per coindesk.com data.

Concerns over huge power consumption in mining bitcoin has dragged down its prices in recent times. Per a CNBC report, which cited Cambridge Bitcoin Electricity Consumption Index, bitcoin mining uses more energy than what is consumed by countries such as Sweden and Malaysia.

Tesla’s TSLA CEO Elon Musk, who had been a frontrunner in endorsing bitcoin, criticized the usage of fossil fuel to mine bitcoins. The EV giant, which started accepting bitcoins as payment for its cars in March, stopped in May, citing huge power consumption concerns. It is expected to resume bitcoin transaction only if 50% of the total energy required for mining the cryptocurrency comes from renewable sources.

Apart from power consumption concerns, the cryptocurrency market has been hit hard by ban in China as well as a more hawkish tone of the U.S. Federal Reserve, which is now expected to make its first interest-rate hike in 2023 instead of 2024. (Read More: Technology Sector Gains Amid Fed's Rate Hike Signal: 6 Picks)

NVIDIA’s portfolio strength makes it resilient to the crypto crash. Though the lower demand for GPUs from crypto miners could slightly mar the revenue growth, strong demand for GPUs in both gaming and data center (on a combined basis accounts for 85% of revenues) is expected to keep the momentum kicking in the near term.

Strong Non-Crypto Demand for GPUs

NVIDIA is riding on a strong uptick in PC gamers, esports players and higher spending on gaming GPUs. Strong demand for GeForce GPUs as well as in game-console SOCs drove first-quarter fiscal 2022 gaming sales, which surged 106% year over year and 11% sequentially.

Moreover, NVIDIA’s GeForce NOW cloud gaming platform passed 10 million registered numbers in fiscal first quarter. The platform offers nearly 1,000 PC games from more than 300 publishers, including 80 of the most popular free to play games.

Additionally, robust hyperscale demand has been a tailwind for NVIDIA’s data center business, which reported revenue growth 79% year over year and 8% quarter over quarter in the fiscal first quarter.

NVDA Should Keep Soaring

Since Apr 14, NVIDIA has returned 22% versus the Zacks Semiconductor- General industry’s return of 4.6%. The stock has returned 42.8% year to date.



Image Source: Zacks Investment Research

Notably, for the second quarter of fiscal 2022, NVIDIA anticipates revenues of $6.3 billion (+/-2%). The Zacks Consensus Estimate for revenues is currently pegged at $6.31 billion, suggesting 63.3% growth from the figure reported in the year-ago quarter.

Additionally, the consensus mark for earnings stands at $4.11 per share, up 25.3% over the past 30 days and indicating 88.5% growth from the figure reported in the year-ago quarter.

Currently, NVIDIA has a Zacks Rank #2 (Buy). So, the stock is expected to perform better than the broader market in the near term.

Bottom Line

NVIDIA’s robust portfolio ensures that the company is not dependent on any single market for demand. Even if the demand for GPUs remains low from the crypto market, the company is well-poised to benefit from strong demand for its GPUs in gaming and data center.

Moreover, NVIDIA’s GPUs are rapidly benefiting from the proliferation of AI. By applying its GPUs in AI models, the company is expanding its base in the other untapped markets like automotive, healthcare and manufacturing, which will enhance its prospects."

MY COMMENT

A shocker. BUT.....will probably last about a day or two.

That is the problem with FUNDAMENTAL ANALYSIS....we dont have any cool names. It is associated with a bunch of math/business nerds or CPA types siting around looking at a bunch of numbers. About the best we can do is......"V shaped recovery"....or worse.....stuff like "PE ratio" "Free Cash Flow", "Price to Book Ratio", etc, etc that seems like math and makes people's eyes glaze over.......how can that compete with a cool Star Wars type name like.........the DEATH CROSS.

 

BALONEY........ oldmanram. It is not fair....you get to be at the beach. How dare you go on vacation and leave the forum hanging.

 

ACTUALLY....NVIDIA fought its way back today. At one point........it had a death cross sticking out of its chest.......and was down by about $30. It was a good come-back to end the day down by only $8.46.