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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

08/13/20 at 1:02 PM CDT

 

 

READ: 3

RPLY: 0

0

0

RECS:0

Sentiment:

Neutral

CIEN earnings date, NVDA

OT - Cien has announced it's earning report before the bell on Sept. 3rd. Don't want to lose any shares. Need to mull whether buying shares and writing calls is worth the risk at these lofty prices, which probably means somewhat lofty expectations. Funny, highly valued markets seems to punish or reward results in an outsized manner.

Raymond James lifted it's PT on Nvidia to $500 from $375 - citing things like nextgen gaming chip to be announced Aug. 31 (I thought the CEO was having an 'event' in early Sept., not that date.) And demand for it's AI datacenter chips. But no matter - earnings are Aug. 19th - average PT is $415. Stock price is around $460. Let's see if this goose will lay a golden egg. I think they've got a good chance of not disappointing, and I *think* (just my opinion) they may be able to give good forward guidance.

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