Quote:
Originally Posted by Dean2
Have been watching NVIDIA just out of interest since KGB was talking about them. They are down to $136, from a high of $347 in the last 12 months and from $195 Aug 4th. The stock chart is demonstrating an ongoing down trend with lower highs and lower lows. Next support level is at $73 from pre Feb 2020, so this could easily drop a long ways yet. There have also been export controls to China and Russia just introduced on ALL chip makers so that isn't going to help either. Does not bode well for NVIDIA, the other chip makers or a lot of the Tech market in general. I believe we are a long ways from capitulation in the Tech sector.
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I guess we were wrong on this one pal! Closed at $267 for a week today… Huge interest and opportunities in AI… Should’ve bought back in December….at $140…Damn!