iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,598 Blog Posts

Position Update: NVDA

I do not like the banks here. You go buy them, after a a 50% run.

However, I do like select tech, particularly [[NVDA]].

It’s a nasdaq 100 name, with huge institutional sponsorship. Should the market continue to rally, NVDA should do well. However, keep in mind, they are slated to book earnings next week.

Bottom line: “The Fly” has been buying NVDA in a rather aggressive manner.

NOTE: Ragin’ has been buying it too. We rarely buy the same stocks at the same time. Perhaps a sign of doom.

Just saying.

UPDATE: [[MSFT]] jsut agreed to pay up to $33 for [[YHOO]]. What a group of assholes. YHOO is worth $18, at most.

Sell MSFT twice over. They are breaking the bank.

If you enjoy the content at iBankCoin, please follow us on Twitter

10 comments

  1. Woodshedder

    Yeah, look what happened when you both bought GU.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. rick santelli

    sold this am, needs a breather

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. The Fly

    GU is up.

    STFU

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Disturbed MVIS shareholder
    Disturbed MVIS shareholder

    Did Fly and Ragin ever buy MVIS at the same time too? Shit. I knew something didn’t smell right.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Woodshedder

    Lol…

    Yeah, but it took a 2.5 point nosedive, as soon as you and Cajun’s stars aligned…

    Hey I’m long the name, so I share any pain.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. yeomps

    GU is painful. GU being up 5% today does little for me when I’m still down 10% in GU over the last 2 weeks. Still, I do like the story.

    Fly, are you still in DRYS? That resistance at 88.50 looks tough… but on a fundamental basis, this is trading as if the Baltic Dry Index was still at 7000 (note: it is currently at 9580). At these levels, Q1 will come in around 2.50 and Q2 will come in at about 3.00 . This will give DRYS an EPS of about 13.50 (excluding, as always, one time capital gains). All in all, new price target of 130 with a time frame of 4 months out.
    From a technical point of view DRYS is forming a cup and handle with a break out expected once it cracks resistance on solid volume.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. calvino

    I am running two Nvidia cards in my desktop. They are ahead of ATI for now, who is delaying the release of their new line of vid cards. Nvidia’s motherboard chipsets are also ahead of everyone, faster front bus, while allowing three vid cards to be bridged. The new 8800gt is going to be a very big seller, at 250 it’s better than their old 8800gts at 400.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Cajun

    truth be told, I did buy MVIS around the same time. In the early days of flyonwallstreet.blogspot.

    My first entry was @ 1.92

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Woodshedder

    Cowvino, that is the most coherent paragraph you’ve ever put together on iBC.

    Not to knock your other paragraphs, which I always enjoy reading.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. calvino

    Woody, I have had my quotient of misery as of late, and my spirit is subdued. I would not mind the losses, except that they are at the expense of the filthy shiteating bearded clam.

    • 0
    • 0
    • 0 Deem this to be "Fake News"