$NVIDIA(NVDA.US) context- With the recent saga involving the CEO, the stock has dropped another 5 to 6% premarket. My pe…
$NVIDIA(NVDA.US) context- With the recent saga involving the CEO, the stock has dropped another 5 to 6% premarket. My personal view is that this is not a fundamental issue, rather, a market sentiment due to the saga.
Trade- Looking to do a light buy at the current price level
Takeaway- The same stock was trading at close to 240 a month ago. Now, it is 17X, a 20 percent drop. This is a reminder to not overconcentrate in a single stock.
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