NVDA -(Update)
Not surprisingly, the move after this earnings report was significantly less impressive than three months earlier. While still excellent operating results and just as bullish forward guidance, the muted upside was a combination of buying before the release and getting to a point of excessive valuation despite the great results. So as pointed out in my last two posts on NVDA, we wait for the one last catalyst to juice the stock price to another new high before putting in a likely top. Traders can play here most likely using options(expensive unless using a spread) to capture the rise that should come from a potential split announcement. We continue to watch and wait. (This is not investment advice, just my opinion.)