Nvidia (NVDA) has long been a favorite of TheStreet's founder and Action Alerts Plus Portfolio Manager Jim Cramer, but he told a packed audience Saturday at his Boot Camp for Investors in New York why his charitable trust recently sold out of the stock.
He said the trust took a win and exited the name because "I think Nvidia is going to miss the quarter.
Still Cramer noted that Nvidia is still in his trust's "bullpen" of possible future buys, and that he expects to buy it back at the right price.
Jeff Marks, lead analyst for Cramer's trust and his Action Alerts Plus club for investors, said he and Cramer still like NVDA for the longer term because "there are so many trends -- autonomous cars, gaming. ... We had a huge gain [when we sold]."
But Cramer added: "You can't be greedy in this market."
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