當年遊絲路，甘肅 蘭州 五泉山 導遊 指着泉井 問: 有幾個月亮 ? 小老朽 何等聰明才智 ? 見多識廣，配合演戲: "至少三個，雲中月，水中月，眾人心中月"。

市場 股價 多少 ? 每秒可能不同，股市賺錢，最重要的，也是玩家心中的那個。 http://blog.udn.com/mbr8879576/5938215

Fundamental Analysis 提供 參考價，一般有 PE, ROE, ..... Ratio.

但 若 Cash Reserve 過高, PE, ROE 会 Penalize the 參考價 ? ! 

此刻   http://finance.yahoo.com/q/ks?s=NVDA+Key+Statistics  NVDA 市價為 $12.5 USD.  PE 為 15.68 or earning  為 $0.8 per share 

Owner Equity $6.9 ROE 11.61% 

但 Cash per share 為 $5.5 

設 發 Special dividend $3 

理論上 股价 reduced to $9.5 (12.5 - 3), Equity reduced to $3.9 (6.9 - 3)

PE ? 11.875 ! or 32% better !! ROE ? 20.4% or 75% better ! ! !  雲去月來花弄影 ? 

Please do not laugh !  Some Short Seller published an article attacking the ROE 偏低, trying to drive down the stock price.   http://www.thestreet.com/story/11821512/1/nvidia-corporation-stock-hold-recommendation-reiterated-nvda.html?puc=yahoo&cm_ven=YAHOO

『Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. When compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, NVIDIA CORP's return on equity is below that of both the industry average and the S&P 500.』

事實上,  BCN last month sales figure：Nexus 7  ~ 44.4% market share,  vs. Apple iPad ~ 40.1%.    Nexus 7  ~ uses NVIDIA® Tegra® 3 quad-core processor.  Bottom line is that this quarter's earning are more likely be better than last year same quarter !   http://udn.com/NEWS/FINANCE/FIN3/7643231.shtml 2013.01.17 02:45 pm

February 14 announce Q4 earning, February 15 Option expiration.

妳心中 NVDA February 15 的 月亮 是 明 ? 是 暗 ?  

懇請不吝賜教？

ps. Not a Buy, Sell, or Hold recommandation on NVDA, Not responsible if you made or lost money as a result of reading this article.

ps 2. 『Nvidia has been holding support around $12, and now the bulls are looking for the graphics-chip maker to rally.  optionMONSTER's Heat Seeker system detected unusual activity in the semiconductor stock on Thursday and Friday. First they bought the June 12 calls for $1.11, then they came back the next day to snap up the September 13 calls for $1.05 and $1.06. Volume exceeded open interest both sessions, indicating that new money was put to work.』  http://finance.yahoo.com/news/nvidia-attracts-bulls-second-day-111434382.html