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NVDA has almost doubled in 3 months
Posted on 12/28/16 at 6:20 am
Posted on 12/28/16 at 6:20 am
I am a computer guy and my first stock purchase was in October for $1000 worth of stock of the graphics card maker Nvidia at $65 a share. It has been on a incredible uprise where it is about to open at $117.
I am kicking myself for not putting more in at the beginning but what is the rule of thumb for this type situation? Stop looking at it and let it ride long term or set a sell off point?
I am kicking myself for not putting more in at the beginning but what is the rule of thumb for this type situation? Stop looking at it and let it ride long term or set a sell off point?
Posted on 12/28/16 at 6:25 am to flyAU
sell half when you get 100% gain.
Posted on 12/28/16 at 6:31 am to flyAU
Since it's so few shares, I would probably buy more to really see the payback on any continuous growth.
Unless you just need the money
Unless you just need the money
Posted on 12/28/16 at 7:29 am to flyAU
Screw it just threw in for 25.5 more shares. I am officially in pucker mode.
Posted on 12/28/16 at 8:47 am to flyAU
Considering thier name/products are involved with pretty much everything in future tech (AI, Virtual Reality, self-driving cars, etc.), I think treating it as a growth stock and buying more shares is probably a good move.
Posted on 12/28/16 at 12:25 pm to flyAU
Great growth stock with only one competitor for future technological of gpus. AMD is brand new to the field of gpus and Nvidia only has then for competition.
Posted on 12/28/16 at 9:08 pm to flyAU
quote:
I am kicking myself for not putting more in at the beginning but what is the rule of thumb for this type situation? Stop looking at it and let it ride long term or set a sell off point?
What are your goals? Are you investing or are you trading? If you are trading, you must consider taxes. There is inherently more risk trading. Watching your stock daily (or hourly) is maddening. But it can also be lucrative.
Consider why you initially invested. With your computer knowledge, do you believe NVIDIA technology has a bright future? Do they pay a dividend?
You cannot kick yourself. It's very easy to make picks in hindsight. When you put your hard earned money on the line, it becomes real. That's why one should be wary of individuals giving stock advice if they don't have "skin in the game."
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