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NVDA Taking The Stairs Down

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SEPT 13, 2023
 
   
JEFFRY TURNMIRE’S HINDSIGHT HIGHLIGHTS
NVDA Finally Deflating?
 

For months now, Jeffry’s been warning that NVDA is dangerously overpriced.

The metric he keeps going back to is the Price-To-Sales ratio.

Anything over 20x price-to-sales, he tells us, is dangerously overpriced and due for a correction.

In the case of NVDA, with a 34x price-to-sales ratio…

He’s been warning that a correction of 50% would not be out of the question.

Then just last week a conversation cropped up in Discord that might have turned some heads:

 
 

It seems there’s some ugly rumors — or maybe harsh truths — about NVDA’s sales.

Over the next 5 days, NVDA seemed to sink… quite literally taking the stairs down:

 
 

But then today, we’ve had a slight recovery…

With the stock gaining as much as 3% from the day’s open.

 
 

So is the slump over?

If we are to believe Jeffry’s analysis, it’s likely more of a slight breather…

With NVDA’s price-to-sales ratio still at dangerously high levels, this stock still has quite a way to fall…

And we’d steer clear.


Enjoy and trade safe!

— The Prosperity Pub Team
JEFFRY TURNMIRE
Here’s What Makes It Tick
 

Over the past few days, I’ve been sharing a unique finding with you.

You might have seen the emails about “59 wins across 59 trades”

I’m not into hype. If you’ve ever attended one of my Morning Monster shows or if you’re active in my Discord channel, you’ll know that.

So while I don’t like to brag or use undue hype, even I have to admit that a 100% win rate is pretty stunning.

Because of that, I figured I’d look into the mechanism that makes this strategy work.

Again, you might have seen the emails about a “pricing error”.

Here’s what I mean by that.

Most options prices follow a curve that looks like this:

 
 

Basically, as the time gets closer and closer to expiration, the option drops more and more in value.

It makes sense, right?

But for this “pricing error” that I discovered on this one ticker, here’s what that “curve” looks like:

 
 

Weird, right?

The price for some reason spikes up and then falls…

I think you can see where I’m going with this.

This pricing error follows a predictable timeline — so just buy the option before it spikes.

And sell it when it does.

That’s the basics of it. If you want to see more about it, I put the details into a PDF which you can view here.

And if you REALLY want to get into it, I put together a video you can watch right here.

As I said, I hate hype, but a 100% win rate is not something you generally want to ignore.

Professional traders spend their whole lives looking for an edge in the markets. 

So far this one is as good as I’ve ever seen.

Hope to see you there,

— Jeffry Turnmire

P.S. As with all trading, never trade with money you need to pay the rent. Past performance is not indicative of future results.

 
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