Nvidia Stock (NVDA)

Here are today’s things: * I added to $MSOS at $4.22 and $GLAS at $4.25 longs. *I added to $PEP long at $125.87. * I am reshorting $GRNY at $28.43. * I added to my $NVDA short at $232.98. Position: Long MSOS common (VL) and calls (S), PEP (M); Short GRNY (M), NVDA (S)

For the second day in a row a reversal from much higher to flat on the day – $NVDA. We added, as I suggested, on the +$3.50 rally earlier. Positions: Short NVDS S

We remain short of Nvidia ($NVDA) (with a $237.15 cost basis). The shares were $6 lower and indicated higher this morning; I plan to add to my trading short rental in NVDA. Fred Hickey is brilliant and an old acquaintance: Positions: Short NVDA VS

* I continue to be short in a bull market… Once again, I thought underneath the hood there was less than meet’s the eye. Though the averages showed a robust gain, Nasdaq breadth was negative: And, Nvidia ($NVDA), which was +$5 per share on the day at its high, basically closed flat. Treasuries were modestly …

A little known fact… Micron ($MU) and Nvidia ($NVDA) alone will deliver more than 30% of the Q3 S&P EPS growth as the median stock barely grows. Position: Short NVDA (VS), SPY (M)