ANNOUNCEMENTS
1. CHAPTER 3 and OUR CURRENT PLANS TO HEDGE THE SW PORTFOLIOSThe last parts to Chapter 3 are being updated and will be posted to Investing Basics (Core Investment Principles) this week. One thing that hasn't been covered in Chapter 3 is that because we buy on corrections and follow t...
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I am always amazed at how well you call out the market movements! It hits close to $494 and now we are the pullback phase!
Thanks for the kind words! Appreciate it.
Do you think that NVDA will drop below $120 recently (according to your graph yesterday)? If so, what’s the price it may pull back to? Thank you.
So it really depends on how large the next NASDAQ-100 pull-back happens to be. As of right now, with the way Nvidia is trading today, it could easily get down to $115 or lower. If the sell-off is robust and the NASDAQ-100 pushes back down to till the fed-fueled gap down to $471, then I don’t see how Nvidia will resist all of that selling.
Hard to say at the moment because Nvidia has decoupled before for short periods of time. But that’s not the default expectation. If we expect the QQQ to fall 4%, Nvidia should drop 8-9% minimum.