Catching a falling knife

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Catching a falling knifeNVIDIA CorporationBATS:NVDABlueberryWe don't need to tell you what you already know. NVIDIA is going through a tough time and even if Jensen were to return, or a new CEO took over successfully, the sentiment has changed. The scale of what has happened in the past couple of weeks is important to keep in mind. There will be a rally in the stock at some stage. Maybe it's earnings that are due out, maybe it's positive CEO news. Maybe Jensen comes back. Maybe, maybe, maybe. But at this stage, based on the technicals, its a falling knife and only the brave will be in the stock to catch it on the way down. We think the trend is still down, not because of the scandal, but because the broader market has rallied hard over the past couple of years and with new IPO opportunities coming to market, there will be capital looking to rotate elsewhere until the dust settles. The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.