Aug. 27 at 4:20 PM
$NVDA $MU
After the nvda cfo notes were out last night and the stock dropped, I added another 10k at
$208 on the way down... i told my co-mgr ,my son (grins), I thought we would see
$220+ by the end of the call, and
$230+ by the FridaY close... my
$300+ PT by the end of Feb FY2027 is even more likely to prove too conservative now.
If you study the info shared last night on commitments, much of that whopping increase vs last Q is the forward buying on memory for Ver Rubin production now in full swing... most of which will be bought from MU. As said a few trades of it in recent weeks, not really my cup of tea, but with chased names, once the quantard momentum guys and retail chasing ends and price is corrected a bunch, it is often a great time to take some channel trading positions...
I just put on a new 2k MU trade at
$912.50 on the way down... I'll go hard if they press their ill-fated shorting to below
$900.
