Not that I mind their absence. But historically, ER after ER, the shorts have been out in droves every quarter stating NVIDIA's business is full of channel stuffing, or inventory bloating or some other financial engineering trick that tries to make an impression that NVIDIA's business isn't sound.
Are they exhausted after the 60% rise this year? Is FUD no longer a valid technique? I don't think I've seen one post this quarter trying to take the report apart. Even the long term perma-bears are gone. No one is dissecting the transcript or the 10K. Seems like a corner was turned.
I'm viewing their post earnings absence as a huge positive indicator! There's nothing to create any noise about.
Hey Max, always great to hear from you, and appreciate your insight. I agree the potential of this company is finally coming clear and agree with you on the longer term. I do think $40+ during 2016 is possible, while NVDA is already the best performing NAS100 stock for the year, another 10%+ tomorrow is just icing on the cake. I'd say low 31-32 tomorrow, but Friday will back off slightly. Next week will continue the upward momentum.
Great Job NVDA, excellent Quarter.
Great job Long investors!
And great job to you Max for sticking with this co through some rough patches. Now the ship is coming in. Enjoy. cheers!
I'm as cynical as the next guy. But having worked in high tech for more than 25 years, and specifically for this company through its IPO and follow on xbox insider scandal, I need to quash this idea. This company takes this kind of stuff very seriously -- as do most high tech firms I've associated with.
Now, is it possible some analyst has put two and two together about some deal or other business climate issue? Sure. But the idea that there is some known non-public information that multiple institutions have and that these guys are moving concert is just not probable in my opinion.
A more likely scenario, I believe, is that with recent new highs institutional traders are seeing some topping and taking positions in advance of earnings in a few weeks. They don't know which way it's going to move, they just want a pronounced move.
I'm bullish, I do think there are many good investments NVDA has working that will pay out over time. The corresponding stock moves aren't likely step functions though (with the exception of one off events like a victory in the Samsung/Qualcom patent dispute could be), they are going to be more like the steady pace up of the last 3 years. I'm an investor, so frankly I'd rather see growth like that than the parabolic short term moves traders get giddy about.
Great input, thanks Max! Sorry to hear about your surgery -- hope your recuperation is going well.
So does your optimism extend to the market as a whole? I've been wondering about the lethargy that seemed to have seeped in, supposedly due to oil and interest rates. Can't describe it as anything other than the market taking a breather.