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re: Is it time to short NVDA ?

Posted on 2/21/24 at 12:22 pm to
Posted by KWL85
Member since Mar 2023
1165 posts
Posted on 2/21/24 at 12:22 pm to
Either could occur. I decided to add to my position today. Added 30 shares. I am mostly a buy and hold guy. Will be content with 10% growth a year from now. Think 25% increase is more likely. Multiples are high on pretty much every stock I am interested in so sometimes you just have to go with the flow. This company can makes $10B profit on $20B in revenue. I like it here.
Posted by go ta hell ole miss
Member since Jan 2007
13630 posts
Posted on 2/21/24 at 2:31 pm to
I just added back to my position. I was expecting to stay out for a few weeks, but this fall was a lot quicker than I expected (four days since I sold 1/2 of my position). I think they are going to blow it out on earnings. Options clearly pointed to this fall, though.
This post was edited on 2/21/24 at 2:33 pm
Posted by castorinho
13623 posts
Member since Nov 2010
82036 posts
Posted on 2/21/24 at 3:35 pm to
gg
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
21259 posts
Posted on 2/21/24 at 3:35 pm to
Pour one out for Gary.
Posted by BHTiger
Charleston
Member since Dec 2017
5021 posts
Posted on 2/21/24 at 3:40 pm to
Up $40 after close, 2/3s of what it has lost over the last week.

At 4:50 EST it is up $50 for the day.
This post was edited on 2/21/24 at 3:51 pm
Posted by DaBeerz
Member since Sep 2004
16955 posts
Posted on 2/21/24 at 3:44 pm to
Longs!

Posted by slackster
Houston
Member since Mar 2009
85007 posts
Posted on 2/21/24 at 3:48 pm to
quote:

Pour one out for Gary.


Gary will short intraday tomorrow and somehow get in and out at the best possible time again.
Posted by The Baker
This is fine.
Member since Dec 2011
16164 posts
Posted on 2/22/24 at 4:39 am to
quote:


I guess the answer was a resounding YES.

NVDA down another 6 percent today


Yall were saying?
Posted by beaverfever
Little Rock
Member since Jan 2008
32696 posts
Posted on 2/22/24 at 4:59 am to
The setup was pretty obvious. The stock had underwhelmed after massive earnings beats the last couple quarters so people were selling it a week earlier this time around. That 10% correction reset expectations just enough that a massive beat was actually able to impress the market. I wanted to buy calls yesterday but they were so damn expensive.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
21259 posts
Posted on 2/22/24 at 9:31 am to
quote:

Gary will short intraday tomorrow and somehow get in and out at the best possible time again.


I hope Gary did not miss his moment
Posted by slackster
Houston
Member since Mar 2009
85007 posts
Posted on 2/22/24 at 10:55 am to
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51687 posts
Posted on 2/22/24 at 11:34 am to
I've been one of the most bearish posters here over the last year or so and I wouldn't short NVDA.

After a rise like it's seen, it feels bubblicious to me but when will it pop? Who knows. Enjoy the ride while it lasts and get out when you think it's too good to be true, but save the shorting talk.
Posted by FoodExit
Mobile
Member since Jun 2011
896 posts
Posted on 2/22/24 at 12:55 pm to
Has anyone checked on Gary today?
Posted by Helo
Orlando
Member since Nov 2004
4592 posts
Posted on 2/22/24 at 1:24 pm to
quote:

After a rise like it's seen, it feels bubblicious to me but when will it pop? Who knows. Enjoy the ride while it lasts and get out when you think it's too good to be true, but save the shorting talk.


I remember the run up to the dotcom bubble well.
Anything and everything connected to computers, the early internet, bandwidth etc soared to records daily.
Nothing could stop it until it all collapsed.
I am not saying that is happening here but the AI mania feels eerily similar to the .com/internet mania of the late 90s early 2000.
Posted by Lake08
Member since Jun 2023
556 posts
Posted on 2/22/24 at 1:24 pm to
Margin calls coming for some….
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51687 posts
Posted on 2/22/24 at 1:32 pm to
quote:

I remember the run up to the dotcom bubble well.
Anything and everything connected to computers, the early internet, bandwidth etc soared to records daily.
Nothing could stop it until it all collapsed.
I am not saying that is happening here but the AI mania feels eerily similar to the .com/internet mania of the late 90s early 2000.


My thoughts exactly. History doesn't repeat itself but it often rhymes.
Posted by Lake08
Member since Jun 2023
556 posts
Posted on 2/22/24 at 1:35 pm to
There is massive difference in NVDA vs the dot bomb era….

NVDA makes massive amounts of money. All those dot coms were smoke and mirrors and lost billions
Posted by Helo
Orlando
Member since Nov 2004
4592 posts
Posted on 2/22/24 at 2:00 pm to
quote:

There is massive difference in NVDA vs the dot bomb era….

NVDA makes massive amounts of money. All those dot coms were smoke and mirrors and lost billions


Plenty of companies made money during that era and were bid up like other stocks just because everything was shooting up.

Qualcomm hit $71 in march of 2000, 3 months later it halved.
Microsoft went from around $50 to around $25 in the year.
Intel when from $53 to $17.

Yes there were plenty of smoke and mirrors but for every Pets.com there were plenty of established bluechips also irrationally rising that got pummeled.


Posted by The Egg
Houston, TX
Member since Dec 2004
79155 posts
Posted on 2/22/24 at 2:22 pm to
New highs are printing this very second
Posted by go ta hell ole miss
Member since Jan 2007
13630 posts
Posted on 2/22/24 at 4:35 pm to
quote:

Plenty of companies made money during that era and were bid up like other stocks just because everything was shooting up.


The only thing more hyped than the recession that was coming in 2022, and then 2023 is the demise of NVDA. NVDA is so fundamentally different than anything in the dotcom bubble that it is comparing apples and bowling balls.
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