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Started By
Message
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?
7
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 6:32 am to Tshiz
Don't need the money. But I am new to the market so not sure if I should dive in more or what. Is this something that is seen normally? Is a "correction" expected if you see this type of growth?
This post was edited on 12/28/16 at 6:35 am
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 8:40 am to flyAU
Damn son. Come back to us when it's at $200
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 9:12 am to bayoubengals88
quote:
Damn son. Come back to us when it's at $200
I am a newbie so this is exciting
Posted on 12/28/16 at 9:15 am to TheChosenOne
quote:
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.
When I was at Auburn in 01 my business class had a mock stock market and Nvidia was brand new. I put most my money in it and was in the top percentage of my class. I believe it was trading around $17 at the time. Oh God why didn't I say "I should do this with real money"?
Posted on 12/28/16 at 11:09 am to flyAU
Posted on 12/28/16 at 11:35 am to flyAU
quote:Oh, I understand. I was commenting on your quick decision to go ahead and buy 25 more shares after the stock has doubled...so I'm wishing you luck up to $200
I am a newbie so this is exciting
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 12:37 pm to oklahogjr
AMD was at 2.50 a couple years ago, now at 11.54
Posted on 12/28/16 at 1:55 pm to oklahogjr
quote:
AMD is brand new to the field of gpus and Nvidia only has then for competition.
Lulz no. AMD bought ATI a decade ago who had been around longer than Nvidia.
Posted on 12/28/16 at 1:59 pm to flyAU
quote:
I am a newbie so this is exciting
Would your level of excitement been the same or more in 2008 when NVDA went from 37 to 6?
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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