Artificial Ignorance
$NVIDIA(NVDA.US$ One would think that someone would create artificial intelligence that would predict when officers of a company dump their stock. Seems rather elementary doesn’t it? I would love to have some AI explain to me exactly why the officers of NVDA took part in one of the most agressive dumping campaigns I’ve witnessed after an earnings release in my 25 years of investing.
In case you didn’t see it, I’ve added screenshots to prove the fool I made of myself in going long NVDA call options all while one of the most influential holders of the stock THE PRESIDENT OF THE COMPANY , sold off $110 MILLION dollars worth of his shares. Folks, thats no hedge, or fund raise to pay for a yaht. In my humble, human intelligence- that’s a “hope y’all enjoyed the run as much as I did - please buy my overpriced shares on the open market so I can cash out”.
Oh there are more players in the sell off. Yet in the billion dollar stock buyback program so proudly announced during Q2 Earnings Call- Jen-Hsun Huang failed to disclose he was dumping over a quarter of a million shares, worth over $110 Million dollars. He has company- it wasn’t just him laughing his way to the bank. There were others selling thousands of shares along with him.
If anyone was confused, like me, as to how a company could blow the top off of Wall Street’s expectations and provide guidance that only few could dream of - all while the stock flat-lines - well- here you go. Don’t go blaming Powell or interest rates or the economy. If you recall, the market was far more speculative and volitile when Q1 was released and NVDA went up 25% the day after. All while we were praying the banking system wouldn’t collapse.
Insider selling is the culprit. Prove me wrong. Please. Bc i am still long the calls options with artificial ignorance.
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Series 7&66, Trading Floor-13 years. Survived dot.com bubble, 9/11, Enron Accting, Gr8 Recession Now here to help.
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razo2 : look at those options put and call that expired worthless yesterday. lmao. hope these people that YOLO have money to buy a rope from Amazon.
SpyderCall : I have always said that most hype, especially stories in mainstream media, are basically campaigns to generate market demand through supposed "market natrative."
imho, A bearish narrative, or bearish hype, is sometimes produced when the insiders need to scoop up large amounts of shares unnoticed.
Bullish narratives can be used for the insiders to unload a large volume of shares unnoticed.
This could be the perfect example with $NVIDIA (NVDA.US)$
SpyderCall : I like the title of this article. I have been using that term a lot since this AI hype has started
Haymaker78OP : What’s sad is that nearly 5,000 people have read this and only 7 liked it. It tells me how many are long like I am and cannot like this news, but also are very aware that they can prove me wrong. And I want to be proven wrong. Like in a quick manner.
razo2 : guys guys oil...