I mean, it was 30% off from its ATH, I thought even if it drops, it wouldn't be much lower, and if it beats or even slightly misses, it would skyrocket.
I was concerned it would pull out a Facebook moment, a 20% drop. But I thought risk reward favored long play, and bought 200 stocks. Man I am fucked. Sold them all at massive loss in afterhours because I think the bleeding has just started.
How is this possible. Don't tell me the bears saw this coming. Just like the bears didn't see the 20% FB crash coming, I doubt bears saw this 30% crash from ATH and then 20% after earnings coming.
I think its mainly the market. If we were still in 2016 and 2017, Nvidia would still be at $300 before earnings, and such report would mean 20% crash immediately after earnings, then on next day, rebound and overall 15% crash, then sideways, then 2 weeks later its forgotten and begin its pre-earnings climb again.
Now we got 30% crash, followed by another 20% after earnings. Nothing is priced in now. WTF. 2018 is a cursed year.
Submitted November 16, 2018 at 01:40AM by nocehr https://ift.tt/2zYO2yu
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