$NVDA CFO exercised some options and sold again tons of shares. If I knew everything about the financial prospects of a company, like a CFO does, and still wanted to get rid of the shares, it would be hard to argue it's trading at a good price.
Earlier this month the paper "Finfluencers" was published, exploring the relationship between the performance of financial influencers, their tweeting activity, and the size of their following base.
The key findings are that there is an inverse correlation between the number of
On Friday, I've computed again the fair value of $NVDA with an extensive DCF and, even being optimistic, it's hard to get a value higher than $120. This morning, UBS slammed on it a $315 upgrade target. What are their inputs? Did they just came up with a random number?
I knew a guy who talked about how easy it was to make 1-2% a week by selling options. So easy I was stupid for not doing it, he said.
He blew up two months later.
The amount of people on my feed calling for 4400+ on the $SPX by EOY makes me conclude that either I'm terribly wrong, and I have completely missed a drastic change in macroeconomic conditions, or bulls are getting way too complacent. I'd bet on the latter, just like in August.
@GiorgiaMeloni
Che presa in giro: basta essere dei giovani per rendersi conto che la maggior parte di questa "occupazione" è basata su contratti al limite della decenza
Covered my $NVDA position at open. I have no doubts I'm right in terms of data interpretation, but neglecting technical factors such as positioning and momentum was a terrible mistake: I got in early, and being too early is no different from being just wrong.
Going up every day on nothing but hype, greater fool theory, and technical factors is nowhere near sustainable.
With $NVDA at 300, $AAPL at 172, $MSFT at 313, $GOOG at 121, while the $SPX is still at 4160, where do you see the next gains coming from?
In a totally organic price action, $NVDA was able to shrug off all the news that came out during the weekend and rapidly went from 1%+ red back to green. Wow.
"Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets."
Stanley Druckenmiller
JPM expects the market to rally on any pause or cut : don't be fooled to be their exit liquidity.
If the Fed pauses today, given all the economic data we had since March, it means something broke. If they cut, it means they are panicking already.
Neither of those are bullish.
@silll888
@elonmusk
Even if everyone had the same amount of money, in literally 5 minutes there would be already inequality because of individual choices. Like it or not, Musk earned his wealth like anyone could, even though nobody else was able to.
We're in
#recession
:
-
#inflation
at the highest level in decades
- persisting supply chain issues
- corporate margins declining
- consumer spending declining $WMT $TGT
$FB and $NVDA have already stopped hiring, $AMZN sublets RE.
How long until mass layoffs start?
#StockMarket
$AAPL up 4% while $SPX just 1%, with both $VIX and $VXAPL up 5%, makes me think someone is buying an incredible amount of puts on Apple using it as a proxy for the market. Maybe I'm wrong, but this price action coupled with yields getting higher is giving off warning signs.
I can see the reason for a successful trader to sell services, as he can diversify his income and build a personal brand. However, I severely doubt there are as many successful traders on this platform as the number of subscription services being sold.
The market is held up by generals only, you can see it very clearly if you look at the equal-weighted indices, which are just a few percentage points higher than the October's low. Keep buying shares of $NVDA and $AAPL, I'll gladly sell them to you. When they reverse, it's blood.
Let's look at what we have:
✅ asset prices fall
✅ liquidity problems
✅ people cut their spending
✅
#StockMarket
crashes
✅ social tensions rise
❌ unemployment rise
✅ interest rates csnnot be further lowered
From "The big debt crises" by Ray Dalio.
#Investing
#recession
@nntaleb
#Bitcoin
is based on the blockchain, which is nothing more than an extremely inefficient database. On top of that, it added:
- complexity
- no usecase
- a cult-like faith-based following
- the energy consumption of a country
- a lot of scams
The market is held up by generals only, you can see it very clearly if you look at the equal-weighted indices, which are just a few percentage points higher than the October's low. Keep buying shares of $NVDA and $AAPL, I'll gladly sell them to you. When they reverse, it's blood.
$NVDA's results summary:
- declining revenue YoY
- declining FCF YoY
- they barely beat estimates that were already lowered multiple times
- 100+ P/E
However, they said "AI" every other word, so it went +8% in AH. It's still a short, if anything even more than it was yesterday.
I see many Italians afraid of fascism under Meloni, but I saw nobody opposing the lockdowns, the green pass and all the consequent inhuman limitations. Fight the true fascism, as FdI ideas have nothing of that.
#ElezioniPolitiche2022
The reason I'm not commenting what's happening in Russia is that I neither have the information nor the knowledge to have an informed opinion. Many here on Twitter should do the same.
@AndreasSteno
You're right, but the odds are European countries won't be there in 3 years if the situation doesn't get solved fast. The leverage Russia has this winter is extremely underestimated, it's almost like you all forgot that poor hungry people make violent protests in the streets.
Basically, despite all the hikes, we're back at the start, but with worse earnings and higher multiples. I said it on the FOMC day, but I reiterate: the Fed did a policy mistake raising just by 25bps, and avoiding addressing the irrational exuberance.
Yesterday's data was pretty much a mixed bag and, after seeing many people on here turning bullish, I've come to wonder: is there still a bear case for equities?
I may be biased, but I think there is.
A thread
Micron reported a record quarterly loss of $2.31 billion, or $2.12 a share, on sales of $3.69 billion, down from $7.79 billion a year ago, but $MU held up as executives suggested the memory market may be reaching a bottom:
Not only that, but two more directors sold shares at around 230 today, according to the latest form-4 filings. They sure thank retail for buying into the AI narrative.
$NVDA