Samwise Model Portfolios
The portfolios below are separated by launch dates. Each portfolio is entirely independent and has no bearing on any other model portfolio. We launch entirely new portfolios during each market correction as an illustrative tool for new subscribers who weren't present during...
Please login to view this page.
Maybe. I think Nvidia being so overbought, algorithms were looking for any reason at all to sell the stock. It’s very possible that today’s news exacerbated the selling a bit.
The other item being drummed up is ASML’s much lower than anticipated forecast going into next year
Yeah that’s the headline news. And that impact will be short-term in nature.
Nvidia’s actual trading activity will indicate how the market takes it.
Hi Sam, what do you think about ASML fundamentals, do you think it is a good buying opportunity now after a significant price drop?
@ Laslo — regarding ASML, I haven’t run a fundamental analysis on the company and don’t know enough about it to determine whether the post-earnings sell-off would present a good buying opportunity. I can say that earnings sell-offs aren’t usually just 1 day events. It’s not uncommon to see a stock drop for several days after the report and then head higher.
So even if we were interested in buying it, we’d have to wait a for the bleeding to stop first.
That being said, the stock is down 40% from its highs and this earnings issue could be a capitulation event. I can say that with it being down 40% it has peaked my interest quite a bit. Didn’t realize it was down that much overall.. I did a very quick/cursory look at the company and the set-up is interesting to me. I’m going to investigate it further. there could be something there.