As we head into the labor day weekend one can only imagine what is in store for September…a traditionally brutal month for the market. No more excuses of light volume, fake rallies or impending doom based on a one-day pullback. My bets for the rest of the year are on technology. One such name is Nvidia (NVDA) - $15.11….this stock has been a stray dog. It finally broke above 15 which should give it some momentum to march higher as the holidays approach.
Why do I like like Nvidia or tech for that matter? Its that time in the tech cycle for system upgrades to Windows 7 and new hardware. Now NVDA chips aren’t in every unit sold, but it should get some pin ball action. As always do your own DD.
Disclaimer: I am LONG Nvidia (NVDA) stock as of the posting date of this article. This post is merely to present an idea and not to try to persuade you to buy/sell any security within. Please do your own Due Diligence BEFORE making any trades.
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