Can anyone provide a clear answer whether NVDA should be dumped or not? Via Seeking Alpha many have been in the stock too long while the stock market has performed in great fashion. Point being it seems ludicrous to remain long if there is no hope.
I admit its one of my laggard stocks and hasn't popped yet but its getting ready for a run up to 13 again. The shorts try to find bad news and promote the #$%$ out of it and the hedge funds follow suit to buy shares from them. The company will have a nice pop running up to earnings and with the release of the game system. I believe the game system will be a success as it runs android and that is hitting many user bases and will attract developers. Even if the shield is not a success the release and news of the following will run this 14. At that point its a sideways walk until its clear on the success. The stock is oversold and is a good strong buy under 13 and a hold after that as it climbs to 14. Due some DD the company has solid earnings and profits and boosted free cash flow ATM. If you are looking to buy today would be the day.