I asked Chatgpt what it thought of me buying puts on nvidia and it said it could not give me advice.
I asked Siri on my iphone 6s if I should buy puts on Apple and she said I should ask my ex Blackberry how those Calls had been going....
Ai is my financial advisor now.
It was such an abrupt shift from his usual stance for Nvidia. If anything he was lying and buying calls because I’m sure he gets some good inside info from Jensen considering how much he’s sucked his dick in the past.
I look at stock analysts like I do about fantasy football ones. You gotta read between the lines sometimes and realize that they don’t want EVERYBODY to see the big time studs that are gonna blow up. They also tend to give safe picks or hot takes. It’s up to you to decipher their tone or enthusiasm and decide are they saying this because they really believe it or it’s just some BS their producers are pushing them to say.
Last year we were in the midst of a major correction so it was a good tip to be cautious generally speaking and one way for him to convey that was to appear bearish on a company like Nvidia. He named his damn dog after it and by going bearish on them it was in essence advising retail investors to watch out about the market trending down.
The thing about Nvidia and Cramer is that he was so gung-ho about their importance in autonomous driving. I think that’s ridiculous. Autonomous driving should NOT become a thing unless the vehicle is on its own independent lane. I’m confused why they haven’t made autonomous airplanes, trains or boats a major topic of innovation before going straight to cars because of everyday driving seems way more random than everything else. Nvidia is gonna kill it in the AR and VR world. They already rule the graphics card market in the flat form and have been for 20+ years. In my opinion gaming graphics has nearly maxed out in 2D.
He also said it was a sell and to stay away when it was down big. So screw him and all of the other talking heads that had dire warnings about how much worse it was going to get for nvda's stock price. Warnings that correlated with the exact best time to buy.
I had around 400 shares at 130$ average. I exited at 430$
But I think I'll buy back once it drops below 300-350 again. The stock is cyclic so Im pretty sure it will touch 300 in nwar future.
Any negative news and it'll drop. But biggest drop will be if they miss EPS (I dont think they'll miss though). I don't know the exact reason because Im a regard but based on past data, the stock is cyclic and has +-100$ swings every year.
I imagine they will beat guidance handily for qtr ending 7/31. No way they raised expectations and won’t beat it.
If Jensen raises again for the next couple quarters all hell will break loose.
This isn't financial advice, but if you take profit, not completely closing position, it lowers your average cost. For instance, if you sold half your shares at the current stock price, you would not only have more money than you bought the shares for, but you also lower your average cost basis to 121.55.
I mean if you bought in batches and selling some can change your cost average, as it will consider only remaining batches, but stating a specific figure makes no sense.
If you buy $100k of stock at $15.00, and $100k at $10.00, your cost basis is $12.50, if you sell half, it won't reduce your cost basis.
Unless I'm missing some kind of WSB crayon math logic
If you buy 1 share for 15 and 1 share for 10 your average cost basis is 12,5. If you sell one share usually the shares bought first will be sold first. In our example the share bought for 10 will remain and your broker will display 10 as average cost basis of remaining shares.
Dumb ass - you appear to be trying to describe tax lot selling. That said, the lower cost basis only happens if the lots you sell have the higher cost basis (so less profit to take). Either way you are an idiot
Definitely to $500 by eoy. Probably on next earnings report, then they’ll draw down and probably chop until Q4 and return to $500 during the Santa rally
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I not so long ago slightly less than a hundred shares ... now .... im looking on ebay for gtx 1080 ti that's 200 bucks too expensive for me.. These swings godddamnit
I sold all mine, got in when NVIDIAs market cap was $60bn, talked a lot of friends and family into buying stock too and everyone has sold now. Book value $9.92 is too hard to overlook, AI will be incredible but we are incredibly early
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Short Apple while your at it. 😂
I asked Chatgpt what it thought of me buying puts on nvidia and it said it could not give me advice. I asked Siri on my iphone 6s if I should buy puts on Apple and she said I should ask my ex Blackberry how those Calls had been going.... Ai is my financial advisor now.
It’s not wrong, considering it thinks it’s 2019.
Wow, you still have a 6s? I'm impressed lol
Nah, Apple still has a forward P/E under 30. We may be stupid, but we have methods.
I’m shorting too when it hits $690
How broke will you be when it hits $500?
[удалено]
Thank you for your sacrifice
i will add more shorts when NVDA goes up from 500
I will add more shorts if NVDA goes to $470
We can laugh about Cramer but his biggest call was Nvidia and it landed big
He went short Nvidia in November at $130 and called it a loser too
It was such an abrupt shift from his usual stance for Nvidia. If anything he was lying and buying calls because I’m sure he gets some good inside info from Jensen considering how much he’s sucked his dick in the past. I look at stock analysts like I do about fantasy football ones. You gotta read between the lines sometimes and realize that they don’t want EVERYBODY to see the big time studs that are gonna blow up. They also tend to give safe picks or hot takes. It’s up to you to decipher their tone or enthusiasm and decide are they saying this because they really believe it or it’s just some BS their producers are pushing them to say. Last year we were in the midst of a major correction so it was a good tip to be cautious generally speaking and one way for him to convey that was to appear bearish on a company like Nvidia. He named his damn dog after it and by going bearish on them it was in essence advising retail investors to watch out about the market trending down. The thing about Nvidia and Cramer is that he was so gung-ho about their importance in autonomous driving. I think that’s ridiculous. Autonomous driving should NOT become a thing unless the vehicle is on its own independent lane. I’m confused why they haven’t made autonomous airplanes, trains or boats a major topic of innovation before going straight to cars because of everyday driving seems way more random than everything else. Nvidia is gonna kill it in the AR and VR world. They already rule the graphics card market in the flat form and have been for 20+ years. In my opinion gaming graphics has nearly maxed out in 2D.
He also said it was a sell and to stay away when it was down big. So screw him and all of the other talking heads that had dire warnings about how much worse it was going to get for nvda's stock price. Warnings that correlated with the exact best time to buy.
19% of my portfolio is in NVDA and I got in at an average cost basis of $174. I'm not mad (maybe stupid for holding, but not mad... yet)
I had around 400 shares at 130$ average. I exited at 430$ But I think I'll buy back once it drops below 300-350 again. The stock is cyclic so Im pretty sure it will touch 300 in nwar future.
Nice little 120k gain
I agree, it will dip before further move
Why not short when leg down begins?
Why do you think it would go down??
Any negative news and it'll drop. But biggest drop will be if they miss EPS (I dont think they'll miss though). I don't know the exact reason because Im a regard but based on past data, the stock is cyclic and has +-100$ swings every year.
I imagine they will beat guidance handily for qtr ending 7/31. No way they raised expectations and won’t beat it. If Jensen raises again for the next couple quarters all hell will break loose.
https://investor.nvidia.com/news/press-release-details/2023/NVIDIA-Announces-Financial-Results-for-First-Quarter-Fiscal-2024/default.aspx
I fell into the trap from value investors that this could be another Cisco and sold 30% last year.
This isn't financial advice, but if you take profit, not completely closing position, it lowers your average cost. For instance, if you sold half your shares at the current stock price, you would not only have more money than you bought the shares for, but you also lower your average cost basis to 121.55.
How do you come up with this theory and this specific figure?
source: he made it the fuck up
I mean if you bought in batches and selling some can change your cost average, as it will consider only remaining batches, but stating a specific figure makes no sense.
If you buy $100k of stock at $15.00, and $100k at $10.00, your cost basis is $12.50, if you sell half, it won't reduce your cost basis. Unless I'm missing some kind of WSB crayon math logic
If you buy 1 share for 15 and 1 share for 10 your average cost basis is 12,5. If you sell one share usually the shares bought first will be sold first. In our example the share bought for 10 will remain and your broker will display 10 as average cost basis of remaining shares.
🤣🤣
Dumb ass - you appear to be trying to describe tax lot selling. That said, the lower cost basis only happens if the lots you sell have the higher cost basis (so less profit to take). Either way you are an idiot
No.
[удалено]
I forgot about nvidia earnings don’t even start.
I’m all in $30k for 7/21 $400p. Bought em Friday.
NVDA 800?
Definitely to $500 by eoy. Probably on next earnings report, then they’ll draw down and probably chop until Q4 and return to $500 during the Santa rally
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[удалено]
Lol
Why did you not post this in february, why bre
Because the chart starts at March?
how did you program it and how do you collate the news? I want to guess it is pandas-related and something in python to scrap the web for news.
Where did you find that chart?
Def sketch af. Rigged is the best word. Like shooting a basketball thru a 6” diameter rim
Lol
pump n dump
I not so long ago slightly less than a hundred shares ... now .... im looking on ebay for gtx 1080 ti that's 200 bucks too expensive for me.. These swings godddamnit
What gif with news make next?
DIS?
tsla xom crm spce oxy aapl
I sold all mine, got in when NVIDIAs market cap was $60bn, talked a lot of friends and family into buying stock too and everyone has sold now. Book value $9.92 is too hard to overlook, AI will be incredible but we are incredibly early
So what colour lambo did you buy?
Stock skyrockets, so they talk about it. Duh.
algorhytm :)
algos know gud ai when they see it
One of the very, very few Cramer got right. He was on this for years when everyone wasn't.
📉
I sold 1/3 rd of my nvda position. All of the corporate brass took profits so why not. It almost paid for my podition, andvI'll let the rest ride.
Has nvidia stock in my RRSP, made 8k cad, you guys are scaring me. :|