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Rap Sheet

Author:

Jam ok

Subject:

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Date:

02/20/18 at 1:46 PM CST

 

 

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Sentiment:

Neutral

OT - INFN NVDA

OT - INFN really seems to have found some momentum. Not sure whether to attribute that to the Netflix connection, Centurylink perhaps opening purse strings, or what. Hope it's something of substance. NVDA breaking all-time high as it tops $250. Can't stop that beast, at least so far. It'll be interesting to see what the analysts do if it reaches their PT's, a number of them in the $255-$260 range, and were not set all that long ago, around the time of their CC. Speaking of which - at the time, they reported a blow-out quarter, but the market was going down the drain, so there was a very mild positive response, as it moved a couple of point above the $220 close for the day. Cramer came on and said that the CC should've moved the needle on NVDA by 30 points, and then went on to blather about why that was true. Well, it's now 30 point above the pre-CC close. Even fools are right some of the time. And not only Motley ones.

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