And the show goes on

May 28, 2024

We all know that old saying “And the show goes on” Well right now in the stock market it’s the NVDA show. Many are asking how, some are even shaking their heads saying “This cant be so” ( Poor Bears ) and those that missed the boat are waiting for a pullback to get a cheaper chance to enter.

The other night I mentioned that NVDA’s 10 for 1 stock split takes effect on Thursday June 6, 2024. One of the main tenets here at Investingwithfaith.com is that “Strength typically creates more strength where as weakness typically creates more weakness” And NVDA is the strongest of the strong. Options traders are still piling in. If one was looking to buy the stock outright they could do so on after a pullback recovers setting a stop with no more than a 5% loss here. For more conservative investors a 3% stop loss may be more beneficial.

NVDA is not pulling the rest of the market up out of the Red as was expected. Here in the After Hours it’s up another 1% on the day placing it up 7.73% now for the day. There’s no guarantee that after the June 6th split that the stock will rise. But for now, the show goes on.

Invest wisely, live charitably and be well

Brother Bill

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