NVDA missed earnings, stock trading halted

[glen]

NVDA has fallen from around 70 at the beggining of the year to 16 today, and then they dropped this bombshell.

 

[glen]

http://biz.yahoo.com/rf/020730/tech_nvidia_outlook_1.html

 

[trmiv]

Wasn't there someone earlier that posted about being happy about picking up NVDA?

 

[glenn1]

It's gonna suck to be someone owning the Qubes (QQQ) or another Nasdaq index tomorrow...

 

[dakata24]

Originally posted by: trmiv
Wasn't there someone earlier that posted about being happy about picking up NVDA?

Yes uberdave.. sell sell sell..

 

[Cerebus451]

Originally posted by: trmiv
Wasn't there someone earlier that posted about being happy about picking up NVDA?

I was happy I picked up their stock. Of course I bought it the week of the IPO for under $20 a share and then sold it for over $80 a share after a 2-for-1 split, but that's just me. I guess I sold all my stocks just in time. Now I need to get some money back into my brokerage accounts to do some buying.

 

[glen]

I feel like 3dfx holdes felt a few years ago.

 

[N8Magic]

That is a quite a substantial shortfall...

Prepare for NVDA to get completely 0wned tomorrow.

 

[glen]

Tommorrow?
It is getting owned now.
It has fallen 24 percent in after hours trading.

 

[N8Magic]

Originally posted by: glen
Tommorrow?
It is getting owned now.
It has fallen 24 percent in after hours trading.

Yeowtch!

It's down to $12.62 according to Island ECN. :Q

 

[piku]

First the 9700, then this. ATI must be loving it.

 

[glen]

How are we supposed to buy stock if everyone is full of sh!t?

 

[N8Magic]

Originally posted by: glen
How are we supposed to buy stock if everyone is full of sh!t?

I'm not buying anything else until all these corruption scandals have blown over... i've lost enough money.

 

[Aquaman]

Originally posted by: piku
First the 9700, then this. ATI must be loving it.

Nope.......... they took a -3% hit today........ closed at 11.35.

Cheers,
Aquaman

 

[Czar]

time to buy now?
time to sell when nv30 comes out?

 

[Electric Amish]

<nelson>HA HA</nelson>



amish (Matrox fanboi)

 

[Doggiedog]

Originally posted by: piku
First the 9700, then this. ATI must be loving it.

Nope! Their stock is down over $1 from $7 and change after NVDA blew up!

 

[Czar]

Originally posted by: Electric Amish
<nelson>HA HA</nelson>



amish (Matrox fanboi)

yes we love this ofcorse

 

[UberDave]

So should I sell my NVDA??? I made a little gain- is this announcement very bad news?

 

[Evadman]

I donj't want to hear it. I boutgh a bunch of 3DFX for $7 a share, along with @home back when I had my cable through them. Screw you all.

That being said, I sold off a good chunk of my stock ownings in december. I needed the $$ to pay off all my loans and such. I sold HD for $51, Intel for 18 something ( I think ) and AMD for 16 or so. I am still ahead by a smidgen.

I own a bunch of the qubes ( QQQ index )

 

[UberDave]

Originally posted by: Evadman
I donj't want to hear it. I boutgh a bunch of 3DFX for $7 a share, along with @home back when I had my cable through them. Screw you all.

That being said, I sold off a good chunk of my stock ownings in december. I needed the $$ to pay off all my loans and such. I sold HD for $51, Intel for 18 something ( I think ) and AMD for 16 or so. I am still ahead by a smidgen.

I own a bunch of the qubes ( QQQ index )

Yeah well i just put my life savings into Nvidia earlier today @ 15 a share....it was up, and now they announced that sh!t and it's at 12 in after-hours trading.
:|

 

[ElFenix]

Originally posted by: Czar
time to buy now?
time to sell when nv30 comes out?

nv30 doesn't fix the fact that computer sales have been slow for a while. and nv30 isn't the fat part of the market. yeah, a GFMX is cheap, but it sells really well and is cheap to make.

 

[SuperTool]

Originally posted by: UberDave

Originally posted by: Evadman
I donj't want to hear it. I boutgh a bunch of 3DFX for $7 a share, along with @home back when I had my cable through them. Screw you all.

That being said, I sold off a good chunk of my stock ownings in december. I needed the $$ to pay off all my loans and such. I sold HD for $51, Intel for 18 something ( I think ) and AMD for 16 or so. I am still ahead by a smidgen.

I own a bunch of the qubes ( QQQ index )

Yeah well i just put my life savings into Nvidia earlier today @ 15 a share....it was up, and now they announced that sh!t and it's at 12 in after-hours trading.
:|

Let me get this straight. You put your life savings into NVDA and AMD?
Are you crazy? There are so many solid undervalued companies out there (non-tech) and you bought NVDA and AMD? Are you just too lazy to look for stocks aside from what's inside your computer?

 

[Maetryx]

Buying what you know isn't a bad strategy, but you also have to evaluate a stock separate from the products that the company makes. Just because a company has a superior product doesn't make their stock a good value. Or just because a company has a mundane product doesn't mean their stock isn't a good deal.

If you feel that NVIDIA will have higher sells and higher profits in the future, then hold on to the stock you just bought. The US markets have been violently adjusted to reality lately, so that things like profitability matter (again).

 

[AaronP]

Yeah well i just put my life savings into Nvidia earlier today @ 15 a share....it was up, and now they announced that sh!t and it's at 12 in after-hours trading.

how much did you research them? Did you look at the balance sheet? Did you read the annual report at edgar.com? Did you look and see what the insiders are doing?