Smoking Gun Part 7: Steven Cohen

Billionaire owner of the NY Mets baseball team and founder of Point72 Asset Management, Steven Cohen buys Billions of Nvidia stock triggering my 👻 ghost pattern. How do I know this? The ghost pattern began on March 17, 2023 and ended on May 19, 2023. Just 2 days prior to the end of the ghost pattern (May 17), Mr. Cohen hits the media outlets and pumps his 2 months long buying bonanza:

‘We Are Going Up’: New York Mets Owner Steve Cohen Identifies ‘Big Wave’ Of Opportunities In This Segment. Here’s How He’s Positioning His Bets

Heightened interest rates have cast a shadow of doubt over stock market optimism, intensifying concerns of a looming economic downturn. Many experts have called for a recession. But billionaire hedge fund manager and New York Mets owner Steve Cohen is taking a bullish stance. “I’m making a prognostication — we’re going up,” he said at a private conference, according to Bloomberg. Cohen knows a thing or two about navigating the markets and rising to the top. After all, the hedge fund manager’s ca

Yahoo FinanceJing Pan

Hedge fund billionaire Steve Cohen says focusing too much on a looming recession could make you miss the ‘big wave’ of A.I. opportunity. ‘I’m actually pretty bullish.’

“I’m making a prognostication—we’re going up,” the billionaire investor said at a private event Tuesday, Bloomberg first reported, citing unnamed sources.

FortuneWill Daniel

But wait there's more. Just 4 days after he starts buying, Nvidia releases this bombshell article on March 21 about Hopper and how demand for it is soaring. Nvidia specifically lists OpenAI as one of the main buyers:

NVIDIA Hopper GPUs Expand Reach as Demand for AI Grows

NVIDIA and key partners today announced the availability of new products and services featuring the NVIDIA H100 Tensor Core GPU — the world’s most powerful GPU for AI — to address rapidly growing demand for generative AI training and inference.

NVIDIA Newsroom

👻Ghost Pattern on Nvidia Stock:

Each red and green band on the image below is my ghost pattern identifying extreme selling and buying.

A, B, C, D, E: Context and Reference

These events are provided as a reference to help you understand the context leading up to Event F. You can learn more about it here:

Smoking Gun Part 6: Nvidia

The massive rally in Nvidia started with a ghost pattern detecting 💰 Billions in stock and call options buying after OpenAI’s chatGPT is released. OpenAI launches chatGPT on November 30, 2022. Five days later (December 5) chatGPT reaches 1 million users. For comparison, Instagram reached 1 million users 2.5 months

Bottom1Frank Dux

F: Steven Cohen panic buys Nvidia

👻Ghost pattern detects 46 trading days of non-stop buying from March 17, 2023 thru May 19, 2023. Hello Steven Cohen 👋. My 👻 ghost pattern found your finger prints on Nvidia. If you look closely on the chart above, shortly after the panic buying finished, Nvidia gaps up starting the rally of the century! Hell of a trade Mr. Cohen 🐐.

Conclusion

There's more to this story that later makes Nvidia's stock go parabolic with ghost patterns leading the way but I'm stopping here. I will not reveal any more incredibly valuable price levels out of respect for my members 💚. This concludes my SmokingGun series of articles. ✌️

Fun Fact:

The Showtime TV series Billions (image at the top) was actually based off a real event involving Steven Cohen:

When the Feds Went After a Hedge-Fund Legend

Inside the government’s nearly ten-year battle against one of the most powerful men on Wall Street.

The New YorkerCondé Nast