No need for any scans this morning, the market was screaming "Sell me" right from the opening bell. The Briefing.com coverage of NVDA was very negative - Amtech removing NVDA from its focus list, followed shortly thereafter by the dreaded stock options restatement update. I shorted it on the open with a target of $32.00, Friday's low.Wednesday, November 01, 2006
Trade of the Day - NVIDIA Corporation (NASDAQ: NVDA)
No need for any scans this morning, the market was screaming "Sell me" right from the opening bell. The Briefing.com coverage of NVDA was very negative - Amtech removing NVDA from its focus list, followed shortly thereafter by the dreaded stock options restatement update. I shorted it on the open with a target of $32.00, Friday's low.
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1 comment:
Thanks Glenn. Short trades from the top are among the most profitable.
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