$NVDA: Short it, the death of GPU mining is a nice catalyst

2022年8月26日

The chart here looks perfect for a short in NVDA, and as a bonus we have #Ethereum transitioning to Proof of Stake for transaction validation, which together with high electricity prices will make GPU mining go extinct overall. I'm short, as part of my long/short stocks portfolio. The other shorts are crypto currently, which are likely the riskiest of all risk on assets, and might act as a nice hedge for other stock longs.
The trend is clear from a technical stand point, and we have many macro headwinds, so I can see the stock plummeting even if index charts stay sideways or not go down as much.

Cheers,

Ivan Labrie.

2022年8月31日

ノート

If this keeps going, the $134-135 level could slow down the fall.
Targets are lower, over time it'll be clearer. We have NFP on Friday, and a strong focus on any econ data point that might give clues regarding the Fed's commitment to their hawkish stance.

2022年9月13日

ノート

I'm in (had covered a few days ago and reentered back at my prior exit price)