Oh ye of little faith! Last month I posted about how I thought AMD and NVIDIA stocks were undervalued but the companies themselves were thriving. Buy, buy, buy, I said — to general disapproval. It’s not customary of course to give stock tips on CrunchGear, and to be honest I wouldn’t trust myself to invest a roll of quarters, but it looks like my amateur day-trading instincts were on the money this time.
And no, I don’t own stock in their companies! If I had money to play the market, do you think I’d be writing about it?
Yeah, guess you made a lucky call. I would have to say the recent rise is more to do with technical analysis (ex. charts, moving averages) than fundamentals as you noted.
AMD’s run is starting to peak at around $6, would not buy at this level. Nvidia on the other hand is set to jump within the next two days and should continue its momentum run to possibly as high as $18. Am I a disoriented stock picker? No, I’m just an 18yo college student interpreting the charts and indicators. Nothing beats some good number crunching. Still don’t believe me? Keep watching the charts.
Disclosure: Currently owns some NVDA @ $13 using some saved stash earned this summer.
Lucky call!! why i oughta!