You might not like it but this is what indecision and churn looks like.
$SMH
Traders are being chewed up and spit out with phlegm onto the hot pavement to cook until $NVDA posts results after the close today. You will soon find out if having $SMCI as a customer, an apparent scam, is something that might be bad for $NVDA. More than that, we have a market brutalizing those who opting for a high beta allocation of cool stocks. Those fuckers have COLLAPSED to the tune of 3.4% today. So although indices look like down 1 to 1.5% today, the true grit of this tape, the stocks that matter, are down way more.
I will standby my belief that weakness ahead of a major earnings announcement is BULLISH because expectations are low. We are all on edge, ready for the really bad news, hoping it doesn’t happen during our lifetimes.
But it is going to happen and you will endure a world war and your summer homes will be fucking bombs down to the foundation, whole continents lit aflame by nuclear blasts and washed with radiative fallout.
But before that happens, we are all very excited about tonight’s quarterly results at $NVDA, hoping for a little beat and hike to help our portfolios jimmy higher tomorrow.
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Zombie is god.
The Fly:
“You will die an excruciatingly painful death tonight but, before you meet your fate, we shall dine on the best and juiciest steaks in the land!”
Hilarious.
What do you think Fly? Current QTR a blow-out. NVDA revenue expected to grow 8% in next QTR. How can that be anything but positive? Early after-hours knee-jerk reaction has it off 3.5%. Buy?