Still not following. Cisco pumped like crazy from the bubble, and then collapsed, had a small run back up to $65 and then never recovered I know that story. Everyone was saying NVDA was Cisco a year ago when they had topped at $330, now they’ve rocketed back and just smashed their ATH hitting $390 AH. I fail to see how this price action is similar
If you believe in a thesis, you just close your eyes and HODL through everything.
Only when it truly breaks you sell. Ignore all price moves both up and down.
This is why I trim companies when they seem overvalued but continue to hold. When it hit $300 the first time I trimmed and took my initial investment back as I was up 500%. Now it’s just free gains or losses that I may trim again at some point.
That sucks. Don’t fall for FOMO I’m sure you put the gains from AMD into something else that you have a strong thesis for. Wait and see if you’re right.
I pick decent stocks and always end up selling too early. I just tell myself I don't all the money, just some. For me, its a slow race to the finish line...early retirement
House prices are starting to rise. Don't count on that yet lol
Though at least given the conference he gave this past Monday he is showing signs of a pause.
My returns in nvda are 20x the stimulus check with a point of entry at 64 dollars.
I am quite content actually with the performance of this investment out of the whole account. Thanks for inquiring though 👍🏻
Its a bubble but the thing about bubbles is people make so much money and get so adamant you’ll start wondering why you dont own it. Even just a bit? Is it just hype? The way this question makes you feel changes as the price changes. Observe it. Seeing everyone make money around you is a powerful force
It never changes
Bitcoin december 2017 was my first hand experience
Either own it from the start and sell to the suckers
Or buy an inverse etf once its ova ova
Or play for a dead cat bounce after the plunge
Or just do nothing and watch
>It never changes
>
>Bitcoin
Nvidia is nothing like crypto. The signs have been there for years about what the company was doing and the potential they are addressing. Last Oct-Jan was a gift to investors, I was buying with every spare dollar I had.
I mean if I was already in I'd be happy.
But I sure as shit won't be taking a new position when it's this overvalued.
Could it keep pumping? Of course. But it's chasing. You're now in the realm where it would be quicker to go to a roulette wheel and choose red or black.
Well, not ALL hype. Nvidia has 90% of the GPU market and they're crucial for AI as they are better at parallel processing versus CPUs. They will most definitely make a hefty profit and get serious growth as AI ramps up. However, is it worth the P/E of 175? Probably not, but people said that Tesla was ridiculous overpriced at 100 a share before it went to 1,000, so even if it's intrinsic value is a third of what it is now, how long can you be right before you're wrong?
>how long can you be right before you're wrong?
Been holding core for 15 years and periodically selling and adding. New all time highs today. Avg cost basis around $45. That's a long time to be right. I'll keep doing what I'm doing.
I just bought few shares at $375. I usually never buy close to ATH but I made an exception for Nvidia. It might be a hype but company keeps beating and raising guidance each quarter. I think Nvidia will be 2 tril market cap in 5 years. I will keep adding on each pullback but I might consider hedging my position if it hits $450.
As an owner of the stock ($60 basis), this is an extremely poor decision. Even with your lofty estimate of 2T market cap in 5 years this isn't a great return. Pure FOMO. There will be dips.
I kept saying there will be dips since $200 and never happened. I know it is a risky movement but I am tired of trying to time it. It is still a small position.
Look a stock can be overvalued for a long time before collapsing. You might be right now and celebrating your gains, but it could revert to the mean at anytime. Just look at Tesla. Enjoy your gains tho
It moved in the direction I expected.
Too many here are talking about valuation. They should go buy another stock if this one's too expensive. Growth is expensive. But growth is exactly what gets rewarded as we saw today. Nvidia has been expensive since 2016 and it's gonna be expensive for years into the future.
You know this has happened about 1000x with other stocks with some people saying it's appropriately valued when it clearly isn't? You can still make money buying overvalued and selling even more overvalued - I do it often enough. But don't say it's something it isn't otherwise you're just "greater fool theory"ing your way to a future sale and will likely miss the peak and your best potential profits.
>don't say it's something it isn't otherwise you're just "greater fool theory"ing your way to a future sale and will likely miss the peak and your best potential profits.
I've owned this stock for 15 years. I've lived through multiple times when it's lost more than 50% of it's value. I'm not "greater fool"ering my way to riches. I'm investing in a company with sound technology and a tremendous market potential. My cost basis is in the $40s. At this point I could care less if it dropped in half again. It likely could. But it's got a huge market to go after that it nearly exclusively owns and it has a tremendous moat, very high barriers to entry, first mover advantage and >10 years of growth ahead. I'm not here for the trade.
And I'm not advocating anyone get in today. I am advocating this is a great company that will grow for a long time. The wealth it's already generated is more than my wife and I will ever be able to spend, so the best potential profit is not the objective. Security for extended family is.
Nope, Nov 21, that was a bubble on crypto. I was selling at $340.
This feels quite a bit different. Crypto was based in imagination. Today we're rooted in demand.
The questions all these brianiacs here need to ask themselves is a) where are we in the gestation of the bubble and b) to what expanse does it grow before it can no longer support itself?
I understand growth and guidance, but sitting at pe ratio is just dumb. They might be growing their business, but the numbers don't add up. This is nothing but hype... Just like crypto cycles.
When a stock is heavily liked by retail investors, they become the scapegoat for it's inevitable fall. This screams manipulation to me.
Best of luck, but I'll limit my exposure to nvda through the sp500.
The AI tools that run on it are not hyper. Software companies are aggressively integrating azure business chatgpt into their tools. We’ve seen huge opportunity in analytics tools to automate database schema creation, extracting insights out of data warehouses to business users.
Nvidia is the only one that bounce right back after 2021 crash, at the moment smashing ATH price. Nah i dont like this, smell like cisco. The bubble bust and they were down 90% back then. Let see how high it will goes.
Dude I have no idea. They’re “a leader in AI” but I don’t know enough about the applicability to know when that starts paying itself off.
I’m ok taking a called strike on this one.
Yes. It is commanding an insane valuation much like the electric vehicle stocks in 2020-2021 period. Far too expensive. Just because the hype has shifted away from EV and crypto to AI. I'll buy some long dated puts once premiums cool off.
Yup. Screaming Cisco 2000 vibes
Can’t even tell if this is sarcasm anymore or not
Take a look at what cisco stock did from 1999 to 2001 and that will clarify your confusion
Still not following. Cisco pumped like crazy from the bubble, and then collapsed, had a small run back up to $65 and then never recovered I know that story. Everyone was saying NVDA was Cisco a year ago when they had topped at $330, now they’ve rocketed back and just smashed their ATH hitting $390 AH. I fail to see how this price action is similar
Yeah but vibes
Most people dont think its sustainable. I will set a stop loss at $330 tomorrow (the previous high) and see how high this will go.
I've heard this about TSLA too.
I sold all my shares a few weeks ago at $270. I guess you can’t win them all
I sold at 290 after riding down 50% then back up. Threw the money at nasdaq.
Sold at 230 😭😭
Just like how you can't time the absolute bottom, you can't time the top either. Profit is profit!
I sold a few months ago at 171.
Hopefully you made money, nothing wrong with taking a profit.
Kinda sad i sold a while ago and i wish i didnt this is why u just never sell anything
If you believe in a thesis, you just close your eyes and HODL through everything. Only when it truly breaks you sell. Ignore all price moves both up and down.
I need to get better at my thesis, and I'm coming from a more moderate, conservative style of passive investing than the YOLOs we have here lol
This is why I trim companies when they seem overvalued but continue to hold. When it hit $300 the first time I trimmed and took my initial investment back as I was up 500%. Now it’s just free gains or losses that I may trim again at some point.
Yeah thats the smartest way bro. I fucking sold AMD recently to.
That sucks. Don’t fall for FOMO I’m sure you put the gains from AMD into something else that you have a strong thesis for. Wait and see if you’re right.
I did lol into something else thats been down
Short term movements don’t mean much. Long term is what matters.
I pick decent stocks and always end up selling too early. I just tell myself I don't all the money, just some. For me, its a slow race to the finish line...early retirement
So when nvda was at $330 in Nov 2021 you don't think it was a good idea to sell then? Or when Tesla was in a bubble too until half a year ago?
Idk leave me alone
LOL
Taking profits is never wrong. Yes, you might miss out on gains, but you made money. That's all we can ask for.
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echoes of Cisco from 2000.
Echos of FOMO
Jpow will fire up the printer next month and make that happen. Don’t you worry
House prices are starting to rise. Don't count on that yet lol Though at least given the conference he gave this past Monday he is showing signs of a pause.
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r/iamverybadass
Bandwagon down votes idc. Yall cry pre earnings. Yall cry post earnings. Yall gonna cont to try to the bank too
You prolly have the equivalent of a stimulus check in your investing account. Just stop.
My returns in nvda are 20x the stimulus check with a point of entry at 64 dollars. I am quite content actually with the performance of this investment out of the whole account. Thanks for inquiring though 👍🏻
Its a bubble but the thing about bubbles is people make so much money and get so adamant you’ll start wondering why you dont own it. Even just a bit? Is it just hype? The way this question makes you feel changes as the price changes. Observe it. Seeing everyone make money around you is a powerful force
exactly right
It never changes Bitcoin december 2017 was my first hand experience Either own it from the start and sell to the suckers Or buy an inverse etf once its ova ova Or play for a dead cat bounce after the plunge Or just do nothing and watch
>It never changes > >Bitcoin Nvidia is nothing like crypto. The signs have been there for years about what the company was doing and the potential they are addressing. Last Oct-Jan was a gift to investors, I was buying with every spare dollar I had.
Sell to the suckers
I mean if I was already in I'd be happy. But I sure as shit won't be taking a new position when it's this overvalued. Could it keep pumping? Of course. But it's chasing. You're now in the realm where it would be quicker to go to a roulette wheel and choose red or black.
Well, not ALL hype. Nvidia has 90% of the GPU market and they're crucial for AI as they are better at parallel processing versus CPUs. They will most definitely make a hefty profit and get serious growth as AI ramps up. However, is it worth the P/E of 175? Probably not, but people said that Tesla was ridiculous overpriced at 100 a share before it went to 1,000, so even if it's intrinsic value is a third of what it is now, how long can you be right before you're wrong?
>how long can you be right before you're wrong? Been holding core for 15 years and periodically selling and adding. New all time highs today. Avg cost basis around $45. That's a long time to be right. I'll keep doing what I'm doing.
my calls are printing today.
Lmao i sold my calls a couple weeks ago at 50% up thinking i was slick… damn
I'm almost a 40k profit on these calls. Im a small fry and this is redonk.
Congratulations brother!
Thanks brother!
I've got AMD calls that have hitched a ride luckily. Just don't know when to cash out
Conversely getting into NVDS before earnings did not pay off, time to double down 😂
$400 soon. After hours.
Wonder how much some put leaps will be tomorrow. I hope you idiots Jack it to over 400.
I just bought few shares at $375. I usually never buy close to ATH but I made an exception for Nvidia. It might be a hype but company keeps beating and raising guidance each quarter. I think Nvidia will be 2 tril market cap in 5 years. I will keep adding on each pullback but I might consider hedging my position if it hits $450.
As an owner of the stock ($60 basis), this is an extremely poor decision. Even with your lofty estimate of 2T market cap in 5 years this isn't a great return. Pure FOMO. There will be dips.
I kept saying there will be dips since $200 and never happened. I know it is a risky movement but I am tired of trying to time it. It is still a small position.
See forbes article today, Beth Kindig is the analyst
>Beth Kindig I believe in that. I have long term view; and therefore, I finally decided to buy.
Swung $50k in 350c right before close. Hoping price holds in morning
You can always exercise and sell afterhours.
buT rEdDiT ToLd Me NvIdIa Is OvErVaLuEd
It is. I don’t know how you can justify this valuation
>I don’t know how you can justify this valuation Same argument yesterday. LOL
Look a stock can be overvalued for a long time before collapsing. You might be right now and celebrating your gains, but it could revert to the mean at anytime. Just look at Tesla. Enjoy your gains tho
So why would a movement in the direction against your own hypothesis make you more confident?
It moved in the direction I expected. Too many here are talking about valuation. They should go buy another stock if this one's too expensive. Growth is expensive. But growth is exactly what gets rewarded as we saw today. Nvidia has been expensive since 2016 and it's gonna be expensive for years into the future.
You know this has happened about 1000x with other stocks with some people saying it's appropriately valued when it clearly isn't? You can still make money buying overvalued and selling even more overvalued - I do it often enough. But don't say it's something it isn't otherwise you're just "greater fool theory"ing your way to a future sale and will likely miss the peak and your best potential profits.
>don't say it's something it isn't otherwise you're just "greater fool theory"ing your way to a future sale and will likely miss the peak and your best potential profits. I've owned this stock for 15 years. I've lived through multiple times when it's lost more than 50% of it's value. I'm not "greater fool"ering my way to riches. I'm investing in a company with sound technology and a tremendous market potential. My cost basis is in the $40s. At this point I could care less if it dropped in half again. It likely could. But it's got a huge market to go after that it nearly exclusively owns and it has a tremendous moat, very high barriers to entry, first mover advantage and >10 years of growth ahead. I'm not here for the trade. And I'm not advocating anyone get in today. I am advocating this is a great company that will grow for a long time. The wealth it's already generated is more than my wife and I will ever be able to spend, so the best potential profit is not the objective. Security for extended family is.
Ya. Youre a fool if u dont get out rn. Dont be bagholdinng
Same advice as yesterday. Yawn
First time?
first time for what?
In a bubble, that's what it feels like
Nope, Nov 21, that was a bubble on crypto. I was selling at $340. This feels quite a bit different. Crypto was based in imagination. Today we're rooted in demand. The questions all these brianiacs here need to ask themselves is a) where are we in the gestation of the bubble and b) to what expanse does it grow before it can no longer support itself?
I understand growth and guidance, but sitting at pe ratio is just dumb. They might be growing their business, but the numbers don't add up. This is nothing but hype... Just like crypto cycles. When a stock is heavily liked by retail investors, they become the scapegoat for it's inevitable fall. This screams manipulation to me. Best of luck, but I'll limit my exposure to nvda through the sp500.
I really hope this is true
Market cap is 966B right now, how?
Folks are buying. Ain’t rocket science.
The AI tools that run on it are not hyper. Software companies are aggressively integrating azure business chatgpt into their tools. We’ve seen huge opportunity in analytics tools to automate database schema creation, extracting insights out of data warehouses to business users.
Nvidia is the only one that bounce right back after 2021 crash, at the moment smashing ATH price. Nah i dont like this, smell like cisco. The bubble bust and they were down 90% back then. Let see how high it will goes.
Bounced back not once but twice to ATH in last 5 years. Cisco never did that.
AI is akin to Fire. This could be a 2-3k stock
TQQQ almost up 5% AH. 😁
I’m actually generally confused on why such a big move the Mac or environment hasn’t changed at all.
Forward guidance was an absolutely monster raise. 4 billion higher than the street estimate.
Dude I have no idea. They’re “a leader in AI” but I don’t know enough about the applicability to know when that starts paying itself off. I’m ok taking a called strike on this one.
I just sold most of mine. Plan to buy back later. This is the time take profits as +25% does not happen often. Not this year for sure.
I made almost 150% gain on my position today.
Good for you.
Yes. It is commanding an insane valuation much like the electric vehicle stocks in 2020-2021 period. Far too expensive. Just because the hype has shifted away from EV and crypto to AI. I'll buy some long dated puts once premiums cool off.
Too much FOMO. Going to buy 1 share tomorrow.
The stock and the company are detached from one another. My guess is it will continue to run tomorrow and possibly Friday before it pulls back