Kevin wrote in the following about NVDA:
I was wondering your thoughts on NVDA. I got in at around $24, and was too stupid to sell when it was around $28…any thoughts?
Like I always say, exiting with a profit is one of the toughest things to do. Of course Kevin could have (should have?) taken partial profits and/or used some kind of trailing stop. But at this point all I can say is don’t let the position turn into a loss, at the very least put in a stop that will get you out at break-even. If you think you feel bad now after letting those gains slip away, you’ll really feel bad if the position goes negative.
My short-term view of NVDA hasn’t changed much since I last wrote about it in February. However, it did slip back into that longer-term consolidation on the weekly chart. The stock still looks like a decent long since it’s still holding above the support at $25.
