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Does NVIDIA still have a lot of room to run?

Posted on 2/8/23 at 6:50 am
Posted by Powerman
Member since Jan 2004
170742 posts
Posted on 2/8/23 at 6:50 am
I've kept it on my watch list as something I want to take a decent position in but the YTD run up has me wondering if I missed the boat on this.

I think they have massive long term potential in the AI sector so might dive in anyway
Posted by LSUcam7
FL
Member since Sep 2016
8854 posts
Posted on 2/8/23 at 6:54 am to
The script flipped from near max fear to FOMO so quick.

Wouldn’t be shocked to see a lot of prices lower in coming months.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 2/8/23 at 7:34 am to
Nope. If you're long, time to sell or trim position.

Plus, earnings are the 22nd. Would be good to see how they guide before entering a position after this rally.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 2/8/23 at 7:38 am to
The market has priced in perfection.

It's going to be tough for that to be realized.
Posted by LordSaintly
Member since Dec 2005
42217 posts
Posted on 2/8/23 at 9:14 am to
I hope so, but like you, I'm making a long term play on them.
Posted by Pendulum
Member since Jan 2009
7929 posts
Posted on 2/8/23 at 9:45 am to
I think half this move is due to this weird AI meme frenzy going on right now and I don't know what to make of it, seems like what happened when meta became a buzz word. I've been long for years and will continue to be though. Haven't traded it much at all this past year.


The AI midas thing, does remind me that there's sooooo much liquidity still. Fed has alot of work to do still and I don't think they realize it themselves.
This post was edited on 2/8/23 at 9:48 am
Posted by jlsufan
Baton Rouge
Member since May 2021
386 posts
Posted on 2/8/23 at 10:55 am to
It's never a bad time to buy stock in a great company that you think is well positioned in an expanding market over a long time horizon...that's called investing.

On the other hand, worrying that you might have missed the boat on a lower price due to a short term run up sounds more like trading.


Neither is bad or wrong: you can make money at both, but just be sure you're doing the one you think you're doing.
Posted by Goldrush25
San Diego, CA
Member since Oct 2012
33900 posts
Posted on 2/8/23 at 11:02 am to
quote:

Neither is bad or wrong: you can make money at both, but just be sure you're doing the one you think you're doing.



Exactly. Everything depends on timeframe.

Fundamentals wouldn't really be a consideration for me if this is a short-term play. It would come down to supply and demand which technical analysis attempts to gauge.
This post was edited on 2/8/23 at 11:10 am
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