7% isn't really that much and the percentage went down from the previous period, not up. We'll see how the next two quarters go. But as for the comments about the options play and making counting on NVDA for these $1 or 2 swings, I don't think there reall y that many long-term investors doing that. You really don't make that much money, especially after taxes if you pay them, on the options. That whole argument is tired and not worth the time I'm typing here to discuss.
It is an odd transaction. I assumed it was a straddle by some large shareholder that sold covered calls but I checked each period and couldn't find the offset. Could be someone is anticipating a blow out quarter and sold puts expecting they will never be exercised.
I bet you get laughed at a lot being the main attraction as a freak show act at the circus. Perhaps you can get outhouse a job as part of the act?
"But what's holding it back still? Any ideas? Anything to do with the convertible debt? Or stock buyback? Baffles me…
Rather than asking such a question, perhaps you might consider sitting down and writing 3 or 4 paragraphs as to why you believe so much in Nvidia?
I would suggest that you have no hook to hang your story on. Take MSFT the stock went from low 30's to the mid 40's based solely on the new CEO cutting costs and laying off old timers. Now the earnings are in and it drops 8% but still 42% above where it was. Do you think Nvidia will do that....i.e. layoffs....no I suppose not. OK what new initiative do they have? I'm all ears!
In the meantime...nothing wrong with buying around $19 and selling around $21. Or if you prefer writing call options every quarter as most of the long term Nvidia bulls do that post here.
Over 7% short is a lot relative to most other tech stocks -- and it seems totally unjustified. Given the valuation and brightening growth prospects for Nvidia, the stock should certainly be $24-$30 now, if not higher. But what's holding it back still? Any ideas? Anything to do with the convertible debt? Or stock buyback? Baffles me…
Things will change for good one of these days… And then us longs will be sure glad we stuck it out...
You sound rather educated and seem to know about the gaming side of both chipmakers. Nvda is going to be the DOMINATE CHIP PROVIDER for the self driving cars. AMD will be sold off for maybe $3.00 per share to that Chinese company. If my kid or their friends were to buy a video card I would recommend NVDA vs AMD cuz AMD wont be around next quarter.......
Sentiment: Strong Buy
I thought this was a fair and balanced opinion concerning the ongoing battle between AMD and NVDA. Happy trading everyone!
At the end of the day, it's as simple as this: AMD and nVidia are both incredibly strong contenders and have a highly competitive, somewhat entertaining tit-for-tat nature about them. It has gotten to a point that the bickering from either side is more directed in press events, something that's been exaggerated as nVidia has continued to threaten AMD's long-standing budget-class dominance. Up until today, you either bought a GTX 750 Ti or an R9 270 at the low-end, a 280 or 285 for the ~$180 range, or a GTX 970 after that. There haven't been worthwhile nVidia cards in the $150 to $300 price-range, given the generational gap, and that left an entire suite of relatively high-performing AMD devices as the only viable options. AMD still has a greater spread over the $100 to $250 market, largely due to its potentially overwhelming amount of options, but that grip is being threatened by the GTX 960.
As for the new gap that has developed – the $200 to ~$330 range – well, that looks wide enough for a Ti of some sort. Presently, AMD's R9 290 can be had for just around $260 and handily outperforms the GTX 960; we don't expect that to last forever, knowing how the two battle one another.
when the smoke cleared on day after earnings:
rmbs - up 8.6%
txn - down 0.4%
msft - down 9.25%
intc - flat but went down with msft 2 days later
AH after earnings:
aapl - up 5.6%
amgn - up 0.32%
yhoo - up 6.7%
vmw - up 2.33%
credit IS given where credit's due.
On tap tomorrow: qcom
Short interest is still much lower than what it was during most of 2014. Doesn't change anything for me but figured I would mention it. Happy trading everyone.