Market On Close, Wednesday 28 August
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Don't Panic. Yet.
by Alex King
Surprisingly, not, a meme stock issued by a company with poor fundamentals and questionable management practices dumped today when a respected short-report shop published on the name. Unfortunately that company is SuperMicro ($SMCI) and once the stock started to tumble today, so did a lot of other things. Whether this is because ill-educated investors and/or machines read across directly from SMCI to NVDA to tech to the market at large, I do not know. NVDA's earnings, printed after the close, saw rock solid numbers; the stock sold off some, likely a function of too much bullish positioning heading into earnings. You can read our earnings report here. Key for NVDA will be the close on Thursday, when large account investors will have had all day to digest the numbers and the immediate market reaction.
Anyway - let's measure what is going on. Read on!
Inner Circle Price Rises
Our top-tier Inner Circle service will see material price rises on 1 October, to bring the pricing closer to other professional-grade services. New joiners today will pay just $2,999/yr or $399/mo, or a one-time $9,999 for 6yrs. On 1 October those prices rise to $4,999/yr, $699/mo or a one-time $19,999 for 6yrs. Once you sign up, your price doesn’t rise as long as you remain a subscriber. Join today!
(If you'd like to check out one of the benefits of Inner Circle membership, try watching the recording of yesterday's live webinar - you can see that here).