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 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.


Glenn said...

Nice trade Jamie!!

Jamie said...

Thanks Glenn. Short trades from the top are among the most profitable.