Nvida (NVDA) dropped from $18 to $12 after profit warnings. I got in with NVDA JUL 15 @ 0.20 and AUG 15 @ 0.50 calls the day before July 4th but now I'm like uhhh can it drop more? I mean its been dropping since it reached 25 back in early Jun. How low can it go? All I need is some news post to say nvida is cheap and boom I'm rich right?
Its RSI is 15%. Can someone say oversold? If NVDA can be at RSI 15% why can't AMD and INTC whose RSIs are in the 30% range fall too?
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