A long position in Nvidia looked like a hot trade but all it did was burn Guy Adami. So what does he have to say about it now?
The Negotiator made the fateful call on February 17th as a bet the stock was attractive on pullbacks.
”Stretched on valuation? No doubt. Does it make sense? I think it does,” he said at the time.
”Do you have to go buy it tomorrow? No, I think you'll get the pullbacks. But these are the stories that have worked and I think will continue to work,” he also said.
Although Adami did not say how much of a pullback to wait for, we’re sure he wasn’t looking for 20%. That’s how sharply the stock has declined since his mostly bullish call.
So what does he have to say about this stock now? Find out in this web extra. Watch the video now!