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02-22-2024, 06:34 PM | #13711 |
Politically Incorrect
Join Date: Feb 2009
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Sold out my QQQs too early but still got nearly $8,000 on a $1,620 investment for a day
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02-22-2024, 07:19 PM | #13712 | |
Seize life. Be an ermine.
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Man oh man, I was rolling triple 7s on everything today. NVDA, MRNA, AMD, RCL, ANF, and the list goes on. Unless some dead-cat bounce day right after the 2020 shutdown beat it, I'm pretty sure this was my best investing day ever in terms of raw dollar gains.
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02-22-2024, 07:21 PM | #13713 |
Seize life. Be an ermine.
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Y'know, after a day like today, I didn't even ask the price. I just handed them my credit card and said, "I don't need a receipt".
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02-22-2024, 07:33 PM | #13714 |
Grand champ
Join Date: Sep 2007
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Wow. NVDA up $110 today. What tf is happening? Lol.
Now I see what y’all are talking about. Would love to have gotten in on that at the ground floor. |
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02-22-2024, 07:46 PM | #13715 | |
Seize life. Be an ermine.
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I want to say that it's still got a lot of room for growth, so maybe it's not too late. But then again I have no feel for these things. However, I got into google and amazon late and they've continued to grow. I'm starting to think that following the crowd is a good strategy for tech stocks.
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02-23-2024, 12:57 AM | #13716 |
Just a li'l Evel
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I actually bought NVDA back in 1999 when it was like $1.50.
. . . But I sold it pretty soon afterward and invested in ELOT overseas gambling stock, which was so low at the end, selling all of it wouldn't even cover my Datek $9.99 trade fee. |
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02-23-2024, 09:25 AM |
Hog's Gone Fishin |
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02-23-2024, 09:32 AM | #13717 | |
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Quote:
I'm also debating buying some of Tinyevel's ELOT stock while the price is down. Or maybe not.
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02-23-2024, 09:45 AM | #13718 |
Politically Incorrect
Join Date: Feb 2009
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Nigerian Prince?
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02-23-2024, 10:19 AM | #13719 |
Supporter
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So, there are some indicators that show stocks might be overpriced.
Normally this stuff is uninteresting drivel, but I thought this was interesting. Big investors have to file their prior quarter transactions to the SEC. Normally by the time it's disclosed, the timing isn't right to follow their lead on any buys, but the disclosures showed a bunch of dudes were selling. Right or wrong it's interesting. Maybe some of it is a function of of being able to achieve a return on cash (finally), maybe some of it was profit taking and waiting to reinvest, no way to know. Nonetheless, it's interesting. |
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02-23-2024, 02:12 PM |
Hog's Gone Fishin |
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Reason: Solid information no one really needs
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02-23-2024, 05:31 PM |
Hog's Gone Fishin |
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02-26-2024, 09:21 AM | #13720 | |
Dirty Bit
Join Date: Jan 2006
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Quote:
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02-26-2024, 04:08 PM |
Hog's Gone Fishin |
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02-26-2024, 06:30 PM | #13721 |
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So you all are probably going to hate this, but I feel compelled to make a case for dumping NVDA.
First, the market cap of NVDA is more than the ENTIRE Chinese Stock Exchange. https://finance.yahoo.com/news/nvidi...010315545.html P/E Ratio NVDA 66.28 Microsoft 36.86 (also pushed up by the AI) Google 24.52 (probably the best shot at applicable AI) Qualcomm 22.02 Texas Instruments 23.05 Some analyst I heard say in order to reach it's lofty valuation, it would have to get ANOTHER paradigm changing technology and dominate it like they did AI. No clue if that's right or not, but that's fairly horrifying. I've done it with commodities, it's a lot easier to live with yourself if you give up some upside than if you ride it down. It does for me anyway. If it were me, I'd dump it. |
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02-27-2024, 03:31 AM |
Hog's Gone Fishin |
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02-27-2024, 03:54 AM | #13722 |
The pizza king of kansas
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Any low end stock i should buy before they get stupid high?
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02-27-2024, 01:36 PM | #13723 |
Dirty Bit
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I think I'm gonna hold on to it
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02-27-2024, 01:57 PM | #13724 | |
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Having lived through the dotcom bubble disaster, I'm wary of a stock crashing, and honestly I've never had a stock do as well as NVDA has these last three years, so it's unprecedented for me to consider. TSLA came close on the upside. I was up 900+ percent on it for a while, and then it lost half its value. However, I didn't have a ton of it initially so I survived the downside and am still very happy. But NVDA? I'm up over 1,000 percent on it now, and losing half of that would still be a great win, but it would sure hurt. I'm selling off tiny bits, and the nice thing is that I can sell off 10 percent of my stock now and all the rest will be profit. I'm also scarred by selling all of my Dell stock in the early 1990s. I doubled my money and thought I was a genius, and the stock went up a hundredfold after I sold it. That hurt. So I have to keep a fair amount of NVDA on the chance that it does the same thing, and I think it's as likely to do that as fall 90 percent. tl;dr. I've got enough profit that I'm selling a tiny bit to get my original money out and ensure that there'll never be a loss, but I'm too scarred by past FOMO to sell a lot of it.
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02-27-2024, 02:36 PM |
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02-27-2024, 03:13 PM | #13725 | |
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I would say that if it has a Dell type run, is that even possible? I heard just today the market cap of NVDA is bigger than the stock market of Germany and the increas in market cap was enough to represent the ENTIRE market cap for GM, Ford and Ferrari. If it goes up like the Dell stock did then it would just be, what? bigger than every other stock on the planet combined? I don't think I'm going out on a limb saying that move has already happened (see Hog Farmer's story). FOMO is a real thing, but goddamn, I'd have trouble not booking at least the 10% to me to even. |
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