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NVDA down 10% today/20% from its 52 week high. SMCI down 23% today. Is anyone buying yet ?
Posted on 4/19/24 at 6:30 pm
Posted on 4/19/24 at 6:30 pm
NVDA down $200 from high.
SMCI down $500 from high,
SNOW down well over 50 percent from its all time high.
TSLA down 50 percent from its 52 week high.
ARM down 17 percent today and nearly 50 percent from its 52 week high.
AAPL down 20 percent from 52 week high.
Anyone buying yet, or waiting for a better price ?
The fact that the Golden Child of the AI movement was down 10 percent in one freaking day tells you just how frothy things were in the tech sector.
Rock Solid companies that are even remotely properly priced don't drop 10 percent in one day unless the entire market is crashing (which isn't the case as the Dow was up 200 today).
Sold NVDA at $950 and looking to get back in, I just don't know if it's time yet.
SMCI down $500 from high,
SNOW down well over 50 percent from its all time high.
TSLA down 50 percent from its 52 week high.
ARM down 17 percent today and nearly 50 percent from its 52 week high.
AAPL down 20 percent from 52 week high.
Anyone buying yet, or waiting for a better price ?
The fact that the Golden Child of the AI movement was down 10 percent in one freaking day tells you just how frothy things were in the tech sector.
Rock Solid companies that are even remotely properly priced don't drop 10 percent in one day unless the entire market is crashing (which isn't the case as the Dow was up 200 today).
Sold NVDA at $950 and looking to get back in, I just don't know if it's time yet.
This post was edited on 4/20/24 at 3:36 pm
5
Posted on 4/20/24 at 4:29 am to Ghandi
Hoping for about 200 more off of NVDA then i'm in.
Posted on 4/20/24 at 3:24 pm to Ghandi
quote:
Sold NVDA at $950
fricking alter.
Posted on 4/20/24 at 3:38 pm to FLObserver
quote:
Hoping for about 200 more off of NVDA then i'm in.
Agree, trying to hold out for a 50% drop like TSLA & SNOW.
Not sure that I will have the patience.
Will probably start nibbling after it drops another 100 or 200.
I'm sure there will be some short covering rallies & dead cat bounces along the way.
This post was edited on 4/20/24 at 3:40 pm
Posted on 4/21/24 at 4:31 pm to Ghandi
Buying SNOW. will wait on the others.
Posted on 4/21/24 at 7:06 pm to Ghandi
Except NVDA is one of the largest revenue generating companies in the history of the US. CISCO grew revenue from $2 billion to $19 billion, but its stock surged 3800% and had a PE of 230+. NVDA started with a much more sound fundamental base. Nvidia’s GPUs inherently have shorter useful lives than Cisco’s networking gear, which reduces the likelihood of overbuilding. Nvidia has a quasi-monopoly position in the AI space, allowing for very healthy margins.
This NVDA rally is so fundamentally different than 1999/2000 Cisco that anyone comparing the two is, so misguided or misinformed that it is comical. NVDA has well defined business model, massive revenue, continued growth YOY, and massive growing profit.
This NVDA rally is so fundamentally different than 1999/2000 Cisco that anyone comparing the two is, so misguided or misinformed that it is comical. NVDA has well defined business model, massive revenue, continued growth YOY, and massive growing profit.
Posted on 4/21/24 at 8:00 pm to go ta hell ole miss
And people point to the dot.com bubble as proof that every stock crashes, but everyone with any common sense was telling people you can't dump large sums of money in paper companies. Hell, even Mark Cuban was warning people.
Posted on 4/22/24 at 12:44 pm to FLObserver
quote:
Hoping for about 200 more off of NVDA then i'm in.
Would be shocked if it came down another 200. Now is a good time to buy imo.
Posted on 4/22/24 at 1:13 pm to armtackledawg
NVDA is a buy and hold.
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