$NVIDIA Corp(NVDA)$ Nvidia has closed above $1200 for the options to be in the money. However, l do not share the same sentiments of continuing bullish in it's stock price. I predict it's price will come down after the stock split on Monday as the investors taking profits will outweigh the buyers. It is also a great deal to ask for the bulls to buy with confidence as CPI for month of May and Fed meeting is coming up on Wednesday. Hot job data is not even fully priced into this rally yet. There is every chance the rally we see this week will fade when inflation proves to be too sticky for any rate cuts near term along with a strong labor market. When the CEO of the company comes out to sell substantial amount of shares, it usually means the stock price has peaked for near term. It is a good signal to cash in the profits just like Tesla when the stock price is $1200.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Even if the pain in the ass summer rallywhich care nothing about macro economics or downside risks brings us into AI bubble region. It is definitely time to take profits on this great run by Nvidia like yesterday night. Vested shorts interest after selling my call options and shares. This is a great exit price in my view.$NVDA 20240621 122.0 PUT$