Expected to start shipping its next-gen Volta GPU architecture for artificial intelligence. This could further extend Nvidia’s lead.
During market sell-offs, buy at the low and be rewarded the next day. Not a market sell-off though. Rather a rotation out of tech.
203-204 range today spot I’m looking at. Odds are it overshoots a few sessions before reality takes it under 200 again, then expecting a lot of sideways chop in a decent range from then until hear end. Early 2018 is when people start cashing out of names.
Im always watching for correlation between ETH crypto and the GPU makers. There has been a healthy demand for GPUs ever since it became a very profitable venture.
What is the reason for the rotation out of tech? With the overall market so high, is it just to reduce risk?
No need to worry, no need to panic, hold it will start bounce today or this week. Back to 215 in few days. Don’t listen bears.
^^ Another great short op missed today & will be interesting to see how it does. Was all set to buy a couple of these last week & start flipping to build $500 account UNTIL i saw Citron report along with a price target of $200.
I bought a little on this little dip today @ 262.75. The reaction over the last couple days was pretty tepid...there appears to be no desire to sell. My $5-box by 3-box-reversal point and figure gives an upside price objective of $395. Daily sticks:
