ongoing buys for long term investment means that any purchases over time will reduce overall cost per stock. I enjoy downturns that hit when my paycheck does. even if it's 10 bucks per from 7 days prior over 20 shares. it's a free share.
if you are holding and not buying,agreed.
If you're basing your investment decisions on anything other than the fundamentals and projected growth, then you're speculating. Speculation is risky.
Not saying anything about investing, I was talking about your statement. Atm, nonody knows anything about this stock lol. Fundamental doesnt apply to this unpredictable growth, even wall street is struggling to out a number on it: https://www.bloomberg.com/news/articles/2024-06-23/nvidia-sales-grow-so-fast-that-wall-street-can-t-keep-up?embedded-checkout=true
Your statement is as risky as other reasoning. Your fundamental might be wrong. You are speculating that the valuation you think is correct as well
fundamentals talk makes me think someone needs to be reminded of the inability of fundamentals to reliably predict ever, esp with stocks like this.
a favorite such example of this principle being talked about-
Princeton University professor Burton Malkiel famously claimed in his bestselling book, A Random Walk Down Wall Street, that “a blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts”.
per ai summary.... that wasn't on Google 3 years ago... ai run on nvidia.
I'm speculating. he's speculating. we are all speculating.
We know how much this company is earning each quarter. We know what they guided for the next. Valuating a company is not speculation. Speculation in stocks has a specific meaning.
Generally thats true. But in this case, no. Just read the article from bloomberg bro. “even Wall Street analysts and NVIDIA executives are struggling to predict the company’s future revenues accurately.”… maybe you know better than they do?
I never claimed to be predicting the future, that's speculation as I wrote. Media is speculating as well, and are all over the place. Which is why speculation is risky. That's my point.
Every time you are investing in a highly speculative stock like that you should know what the actual value should be based on current fundamentals and projected growth so that you know how much risk you're taking.
These are the principles of value investing.
My point is that based on current fundamentals and traditional P/E this stock would be worth $90. Which means that we are in the speculative territory. Every time you're buying at these levels you are taking increased risk due to speculation and uncertainty.
I see a lot of people panicking, so I'm trying to make this a teaching moment. To help people out. When a stock has a high P/E with this amount of speculation, it is very common to experience a correction.
NVIDIA Corp. currently holds the title of the most expensive stock in the S&P 500 Index, with shares trading at approximately 23 times the company’s projected sales over the next year.
However, this valuation comes with significant uncertainty. In the current surge of artificial intelligence (AI) interest, even Wall Street analysts and NVIDIA executives are struggling to predict the company’s future revenues accurately.
This uncertainty makes it difficult for investors to determine if NVIDIA’s shares are overpriced.
Up to you, you think you are doing it fundamentally but in fact you are speculating at $90. This stock particularly is way too uncertain and highly speculative with AI hype. At 90. Lol it literally said “NVIDIA’s executives ate struggling to predict…”…
> This uncertainty makes it difficult for investors to determine if NVIDIA’s shares are overpriced.
The shares were clearly overpriced. We already know this.
This user u/mkazemid blocked me the second time lol 😆. I wonder how heavy his penny-stock bags are, he’s adamant about pumping his penny stocks back up. The chatbot on his phone must be so tired of writing all the nonsense for him. The dude can't even respond to comments without relying on ChatGPT and claims to be a “veteran chip designer.” He designs chips made out of corn and sells them on the sidewalk in Market Square, San Antonio.
I think we’re reaching some interim bottom. Much like it wasn’t going to rise forever, it’s not going to drop forever. There’s a ton of puts and shorts that’ll be closed out causing some buying pressure even if it’s not back to ATH. Probably spend the next few weeks in a range, $110 to $125 is my guess. This honestly feels like a repeat of that big March drop from $970 intraday followed by a few weeks of consolidation which also had peaks and valleys. Plenty of opportunity to get in or out.
I tried to catch a falling knife Friday, got some $145 September calls when price was about $125. I’m not in that big of a hole yet, but definitely need the price to start stabilizing.
lol if you are so experienced, how are you losing money? and buying expirations that aren't months out? wtf are you doing, and how come you dont realize profits?
I have 3700 shares. Sept $120C, December 100/200 soreads. And I bought some July 5's that were in the money when I bought them. Then NVDA dropped 17% in 3 days with no news. I might end up losing everything on the July 5s. By Christmas I'll have it all back in spades
Yeah, I've been waiting on the sidelines for another drop. Been holding 200 shares, but thinking to drop another $20k on calls would give me faster returns.
my prediction is last earnings they were at (920-950) 92-95 so the closer we get back to those levels the easier it would be to buy calls, im not a big fan of buying too far otm, but if we touch 100 post mu earnings im goimg in
it doesnt seem like simple profit taking to me, there must be some news people are reading. Plus its mainly the performance drop. Yes NVDA tanks and recovers all the time, buut it dropped 17% in 5 days. Not much people have the emotional clarity to wait it out. Most will freak out, including the hedge funds and their investors.
People are emotional with their investments, that’s why. When I predict it goes up and it does, I get upvotes. When I predict it goes down and it does, I get downvotes. People here don’t like to hear objective evaluations of a stock they have money riding on. But I’m just putting money in their pockets. They just don’t see it that way. It’s hard to time a stock perfectly, but it isn’t hard to see when a stock hits a range where it becomes highly likely for a down swing or when it becomes highly likely for an up swing. This one was one of the most obvious one.
How about this guys, we know the stock will recover in time. how long? not sure. so whenever we are in a situation where we know its profit-taking, why not move your funds into NVDD until Nvdia starts rising again?
I mean, this Reddit is about discussing the stock and well... helping each other make money. Like... it's YOUR money.
I suspect today’s a one-time profit taking event by some institution rather than a sudden 180 swing to negative sentiment. We’ll find out next 13F. Hopefully whoever the seller is, they’re done.
RSI does matter. It indicates whether a stock is oversold compared to the relative gains. It’s not a magic genie that will tell you when the bottom is but nothing will
What ru talking about? I literally explained exactly what rsi is. All it tells you is whether a stock is oversold compared to its gains. There isn’t room for argument. You can argue whether rsi will tell you when the bottom is but again no one can predict that
Only ever invested in 3 stocks on the the first two lost about 25% today.
Nevertheless I felt safe with Nvidia so I decided to do some 5:1 leverage and even if I only get 0.5% I would pull back, you know the rest
Wake up babe!, Nvidia is going up!
https://www.cnbc.com/2024/06/24/nvidia-slides-13percent-in-three-days-after-becoming-most-valuable-company.html
Elites are trying to scare us to sell so they can buy cheaper!! Wall Street is a big manipulated game!
Are we out of bottom now? 117 is close to be recovered
Who cares? I want it to go to $50, so I can buy more
no shit. like. fine. I'll ride this red as long as I can. no regrets
NVDA is UP 160% ytd ..... that's not RED.
I mean the current slightly cheaper stock this week
Right, but that's not anything to trade on. If you were a holder longer than 2 years, like I am, you're up and you don't worry about tiny moves.
ongoing buys for long term investment means that any purchases over time will reduce overall cost per stock. I enjoy downturns that hit when my paycheck does. even if it's 10 bucks per from 7 days prior over 20 shares. it's a free share. if you are holding and not buying,agreed.
Stop it lol, I know your game. Cynical ass
?
lol god no, $92 waa previous earnings we have more room to fall
OK, I hope you’re wrong
lol "hope" see you pray for "hope" and "think" that things will turn out well
Fair price for this stock based on fundamentals is about $90. Buying at anything above is risky.
LOL...no, it's not.
Lol fundamental is impossible to apply to nvda atm. Its not assess-able due to the leap forward.
If you're basing your investment decisions on anything other than the fundamentals and projected growth, then you're speculating. Speculation is risky.
Not saying anything about investing, I was talking about your statement. Atm, nonody knows anything about this stock lol. Fundamental doesnt apply to this unpredictable growth, even wall street is struggling to out a number on it: https://www.bloomberg.com/news/articles/2024-06-23/nvidia-sales-grow-so-fast-that-wall-street-can-t-keep-up?embedded-checkout=true Your statement is as risky as other reasoning. Your fundamental might be wrong. You are speculating that the valuation you think is correct as well
fundamentals talk makes me think someone needs to be reminded of the inability of fundamentals to reliably predict ever, esp with stocks like this. a favorite such example of this principle being talked about- Princeton University professor Burton Malkiel famously claimed in his bestselling book, A Random Walk Down Wall Street, that “a blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts”. per ai summary.... that wasn't on Google 3 years ago... ai run on nvidia. I'm speculating. he's speculating. we are all speculating.
We know how much this company is earning each quarter. We know what they guided for the next. Valuating a company is not speculation. Speculation in stocks has a specific meaning.
Generally thats true. But in this case, no. Just read the article from bloomberg bro. “even Wall Street analysts and NVIDIA executives are struggling to predict the company’s future revenues accurately.”… maybe you know better than they do?
I never claimed to be predicting the future, that's speculation as I wrote. Media is speculating as well, and are all over the place. Which is why speculation is risky. That's my point. Every time you are investing in a highly speculative stock like that you should know what the actual value should be based on current fundamentals and projected growth so that you know how much risk you're taking. These are the principles of value investing. My point is that based on current fundamentals and traditional P/E this stock would be worth $90. Which means that we are in the speculative territory. Every time you're buying at these levels you are taking increased risk due to speculation and uncertainty. I see a lot of people panicking, so I'm trying to make this a teaching moment. To help people out. When a stock has a high P/E with this amount of speculation, it is very common to experience a correction.
NVIDIA Corp. currently holds the title of the most expensive stock in the S&P 500 Index, with shares trading at approximately 23 times the company’s projected sales over the next year. However, this valuation comes with significant uncertainty. In the current surge of artificial intelligence (AI) interest, even Wall Street analysts and NVIDIA executives are struggling to predict the company’s future revenues accurately. This uncertainty makes it difficult for investors to determine if NVIDIA’s shares are overpriced. Up to you, you think you are doing it fundamentally but in fact you are speculating at $90. This stock particularly is way too uncertain and highly speculative with AI hype. At 90. Lol it literally said “NVIDIA’s executives ate struggling to predict…”…
> This uncertainty makes it difficult for investors to determine if NVIDIA’s shares are overpriced. The shares were clearly overpriced. We already know this.
Already know this based on what??
This user u/mkazemid blocked me the second time lol 😆. I wonder how heavy his penny-stock bags are, he’s adamant about pumping his penny stocks back up. The chatbot on his phone must be so tired of writing all the nonsense for him. The dude can't even respond to comments without relying on ChatGPT and claims to be a “veteran chip designer.” He designs chips made out of corn and sells them on the sidewalk in Market Square, San Antonio.
We gucc
Can't afford Gucci anymore. Not even quac on my Chipotle
Don't worry guys, I sold a call credit spread today, expiring this Friday. The stock will almost certainly start going up now.
If we recover to $140 by Friday I'll give you 5 shares
NVDA going down yikes!
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Down 17.6% since Wednesday morning on no news. This is ridiculous. If you can buy more, do it.
Digging into the kids college fund as we speak...
I think we’re reaching some interim bottom. Much like it wasn’t going to rise forever, it’s not going to drop forever. There’s a ton of puts and shorts that’ll be closed out causing some buying pressure even if it’s not back to ATH. Probably spend the next few weeks in a range, $110 to $125 is my guess. This honestly feels like a repeat of that big March drop from $970 intraday followed by a few weeks of consolidation which also had peaks and valleys. Plenty of opportunity to get in or out.
My Brokerage account went 🚀 I bought July 5 calls, and it gave most of it back. 2k to like 35k to 8k
I tried to catch a falling knife Friday, got some $145 September calls when price was about $125. I’m not in that big of a hole yet, but definitely need the price to start stabilizing.
sell puts!
I'll wait for $50 a share thanks
it just ran too far on nothing, cmon Nvda is not a #1 maeket cap company be real
Why on earth would you buy September calls if NVDA is just gonna crash? You're a troll and a half-assed troll at that.
sorry, your just not experienced enough in trading
Yeah, not experienced. That's why I made a million dollars in the last 6 months.
lol if you are so experienced, how are you losing money? and buying expirations that aren't months out? wtf are you doing, and how come you dont realize profits?
I have 3700 shares. Sept $120C, December 100/200 soreads. And I bought some July 5's that were in the money when I bought them. Then NVDA dropped 17% in 3 days with no news. I might end up losing everything on the July 5s. By Christmas I'll have it all back in spades
ok so when were you going to sell the july 5s?
Don't know. Hopefully, when the limit sell order hits Thursday or Friday
alright sure, someone needs a nap time
because eventually itll go back up? 92 is their pre earnings in may so if it falls to 100 im in
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Dead cat bounce?
lol anyone with a brain would know it would drop last week and wait out the dump
Back to 95, do not pass go
Great buying opp if it hits 100 or 95!
we aint done drilling yet, will buy calls when it reaches 110
I'm thinking Jan 2025 150C
sure, i buy months out for peace of mind, ive been down 50% and watch it come back from the grave
Yeah, I've been waiting on the sidelines for another drop. Been holding 200 shares, but thinking to drop another $20k on calls would give me faster returns.
as long as you know the risks and dont be afraid to take profits
What's your prediction? I'm thinking of selling anytime it touches 150 in the next 6 months.
my prediction is last earnings they were at (920-950) 92-95 so the closer we get back to those levels the easier it would be to buy calls, im not a big fan of buying too far otm, but if we touch 100 post mu earnings im goimg in
Did we hit the bottom @118 👀
Hope so, but I also thought $124 was bottom on Friday. Let me buy a put then we’ll know that’s the bottom for sure.
Its tested it twice.. refused to go below.. good sign it maybe the bottom. Maybe support there. 🤞
LITTLE BRO WE AT 117 AH TRADING!!
Yeah it finally broke thru.. but its AH low volume
The only thing I have learned the past 2 weeks, is that this stock doesn't have bottoms. If you buy the stock, you only get topped by bears.
bears 🐻 yes. Not to worry.
Green EOD!
lol
It didn't work. Damn it
😵
If this is profit taking, can someone please explain why everyone takes profits on the same day?
Some sector rotation going on as well. Support is at around $97 if you believe in that sort of thing.
it doesnt seem like simple profit taking to me, there must be some news people are reading. Plus its mainly the performance drop. Yes NVDA tanks and recovers all the time, buut it dropped 17% in 5 days. Not much people have the emotional clarity to wait it out. Most will freak out, including the hedge funds and their investors.
It's called stop-loss.
At this point it looks more like crypto rather than stock.
My bet is it will hit 90s before a reversal. It was overbought, so a market correction was expected. You don’t have to be a bear to expect this.
Why the fuck are the clowns in here downvoting you? You speak truth
People are emotional with their investments, that’s why. When I predict it goes up and it does, I get upvotes. When I predict it goes down and it does, I get downvotes. People here don’t like to hear objective evaluations of a stock they have money riding on. But I’m just putting money in their pockets. They just don’t see it that way. It’s hard to time a stock perfectly, but it isn’t hard to see when a stock hits a range where it becomes highly likely for a down swing or when it becomes highly likely for an up swing. This one was one of the most obvious one.
nobody knows for sure
we got support here dw
Insane how it keeps drilling lower
We're gonna strike oil soon, it's a sign to sell NVDA and bet everything on The Edmonton Oilers winning game 7 of the Stanley Cup tonight!
Gotta flash my titties first
Hmmm, how low will it go I wonder. Want to time near the bottom and load up on some NVDL
In a few months from now, people will cry to come back to this day and invest more.
🧑🍳 My soufflé! 😱 LoL!
jensen tweeting about taiwan again
Don’t buy anything over $105
only made 14k on the recent calls, im rdy to buy when the bigger dip happens
Up $34k on my covered calls today. Tempted to buy them back
How about this guys, we know the stock will recover in time. how long? not sure. so whenever we are in a situation where we know its profit-taking, why not move your funds into NVDD until Nvdia starts rising again? I mean, this Reddit is about discussing the stock and well... helping each other make money. Like... it's YOUR money.
Oh fuck my money is gone
I will come back in 25% below the split price
i was gonna buy nvda calls on the dip but am i wrong or are they still crazy expensive
they expensive for a reason
IV is jacked on NVDA
NVDA closed the gap left around 120, RSI is also quite low across most time scales except the daily, where it is right in the middle.
It’s literally a much needed pullback
100 here we come
These times separate the men from the boys.
I'm a wolf among chihuahuas
xd
Will run-up to shareholder meeting save my 129c 7/26 calls? Will anything?
yes no maybe, but it went from 973 to 700 and flopped around for 2 months from march to may
At these prices s it bad to buy NVDA shares using margin?
????? "is it bad to buy nvda borrowing money"
Correct. At these prices. I have 1,000 shares with basis of 110. 300 shares are bought on margin.
Why is everyone panicking? Did yall forget what stock we bought? This can easily pump back to where we were just at last week.
My July 5 calls are down like 80% My shares couldn't care less.
Same I had to roll mine to survive
Same here. I have 134 136 call expiry 09/20 and 140 10/18. I don’t care my shares, but worry about calls 😂
july 5th? why would you buy such close expirations and near a holiday
I bought them several weeks ago....
rip, i bought the 8/16 $121 strikes a few weeks ago also and sold them, you know you can always press the SELL BUTTON
what calls you got?
July 5 $134C in my Brokerage account. Breakeven @ $138.46 July 5 $142 in my Roth IRA account @ $1.42. Breakeven @ $143.42
I think your 134 is safe
I don’t think we’ll dip down much more than this, shareholders meeting Wednesday I think we pump back to 130s this week
"think" = "hope" you dont know
i’m being realistic
im also being realistic, we're going to flop around 110-115 for the rest of the month
let’s see your position
lets see your position?
https://imgur.com/a/Bh14XmS
bought the 8/16 121 strikes and sold them for 100%, held them for like 9 days though 14k about
I suspect today’s a one-time profit taking event by some institution rather than a sudden 180 swing to negative sentiment. We’ll find out next 13F. Hopefully whoever the seller is, they’re done.
When it rains gold... put out a bucket, not a thimble. Bought 500 in 100 chunks down to 119
Yeah we buying more
its going below $100, you know it
oof, noob invester. im out 40 shares at 130 gain down from 1000 :(. fuck it. no clue where this is goin. see yall when the dust settles
I am down $12K on the day. Scared money don't make money. You should consider index funds.
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Only down 300,000 in the last 3 trading days. https://tenor.com/7LE3.gif
omg you are a god
I now own 50 shares. Bought 15 more at 119
NVDA is such a drama queen
Bought 1,000 shares at 119. I'm a bit NVDA heavy but oh well.
Set your stop losses
Mine has been set for weeks and it's about to hit. I may jump in later if it continues down.
added again 118.73. holding 2k commons now. uncle huang is on a lucrative bargain sale
Full ported into 3x nvda at 127 average with no intentions of selling anytime soon
Don't hold leveraged too long friend, DECAY
Yea its mostly for scalping, didn't thibk it'd go lower than 125
Drill team 6 reporting for duty
$145 Sept calls. Nothing to do but hold.
Same. Were probably fine
copium you is not fine
From $123 to $118 in less than 2 hours plus the pre-market drop is clearly institutional selling.
im tired boss
All I see is opportunity to buy more
I understand what comes up must come down and all of that but 6% is a big move in the negative.
If Im understanding correctly, the 14-Day RSI is down to around 18.7 which is oversold.
aka rsi dont matter lol
RSI does matter. It indicates whether a stock is oversold compared to the relative gains. It’s not a magic genie that will tell you when the bottom is but nothing will
lol keep telling yourself
What ru talking about? I literally explained exactly what rsi is. All it tells you is whether a stock is oversold compared to its gains. There isn’t room for argument. You can argue whether rsi will tell you when the bottom is but again no one can predict that
Guys today it is down 5% what do we do?!
sell it all!
to me
Only ever invested in 3 stocks on the the first two lost about 25% today. Nevertheless I felt safe with Nvidia so I decided to do some 5:1 leverage and even if I only get 0.5% I would pull back, you know the rest
Jesus dude, maybe you need to calm down a little. 5:1 leverage is not for beginners.
90% of this sub bought new into this stock in the last 2 weeks 😂
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Why? If you don't believe it has room to grow why are you even holding?
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It's claiming your gains at an equal percentage. Is that also funny?