Figured I'd check in here as the forum NVDA bull. Up over 5% today. More than doubled YTD and tripled since October. Has there ever been a run like this in a megacap, outside of a general huge bull market run? Love the company, but started to get a little concerned that this is too fast.
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apple maybe, i remember trading that thing when it was 15, quite a few splits ago... wasn't a megacap back then though... if all you did was buy apple and hold it after the iphone in 2008, you'd have a 70x which i'm still kicking myself over
1999 the nasdaq as a whole doubled, weird times happen if you live long enoughComment -
Salud, Mike. Doing well on that one. Glad I picked it up, love the metals.
The sector that I'm getting more bearish on is Artificial Intelligence. There's an idea out there that AI solves (most) every problem. The more I observe, the less impressed I am. I'll take sound decision-making over AI. Just my opinion.Where's the fuckin power box, Carol?Comment -
everyone remembers ENRON but worldcom also had something like $80 billion in fraud... they were the largest telecom in the world, most of their assets are now verizon
there are 2 types of companies, those that are having problems and those that WILL have problems... you're smart to think about taking money off the table at a peak, you can always work around a base position by buying at lower points and selling at higher points (or using options)
thank god i sold a bunch of calls on penn but still got buried... it's no fun watching your largest holding go from 140 to 20Comment -
NVDA
Up over 25% on earnings report.
Now that's unreal.
Almost 200 bil more market cap added.Comment -
I have 1000 shares in ford. Wish those fukk ears would take off.Comment -
On vacation here marching along the Appalachian trail in Virginia. Stopped in to a real hotel just in time to see the markets finally come back down. The reports yesterday from the AI play in NVDA is giving stones a little boost here, but while NVDA is on a moon shot, the rest of the stocks will be coming down again starting next week probably. Going into the weekend and holiday there will more than likely be a relief rally.Comment -
The rise of the machines will be fueled by d2bets's investment cash. Your making a Skynet to kill us all lol. I hope you feel good on that island while the rest of us get eliminated by some robot. BTW, you'll need some fresh water pumped in, give me a call. I do other things besides slurry too.Comment -
Sounds good, Pumper. Sounds like you're staying active. Props, hope you have a good time.
I'm of the opinion that the Stock Mkt is way over-valued. I don't want to sound crazy. I'll call for 10% correction on the Main indices in the next 90 days.
I'm selling tech-stocks. Holding strong on Metal stocks and MSTR.Where's the fuckin power box, Carol?Comment -
Any suggestions on swing trades or weekly-monthly lotto picks?Comment -
Last 7 months have been utterly rangebound between 3,800 and 4,200. Currently sitting at the top of the range. Let's see if we get a breakout higher. Might happen. Would not be surprised to see 4,500 within the next couple months.Comment -
which ones of these 2 would you buy for dividends only, not really looking for capital appreciation
-SPYI
-JEPI
thanks veriComment -
I bought a little of both. Been investing in etn's, cef's, ect like stuff for long time now. Really not risky as in a sense as one might think risk is just relative as in the beta increases which works in both market directions. Essentially you just have to hold type investments for 5-9 years, if you reinvest say up to 15% of distribution its possible to get out earlier. For growth investing I would stay far away, for me its just income with no capital appreciation required. Plus you always hedge with margins or the 3x etf against a total market like CSQ or short them literally all for pennies vs dollars invested
Bothe jepi, spyi are relatively new.Comment -
getting out early is not recommended at least how I see it, it provides income, so that would defeat the purpose of why buy in the fist place
example---
you buy a note worth $100
agree to pay you back monthly over a 7 year term
@ the time one receives 100% back in payment the note is only worth $40
conclusion= i have made 40% profit while receiving income from the initial buyLast edited by veriableodds; 06-01-23, 12:18 PM.Comment -
i'm not an expert in these, but i think they are way LESS risky than the overall market due to their options strategy... but if the market goes way up or way down they aren't making any money... for example you buy psx at 93 and sell $100 calls against it... if the stock stays around 90-100 you're making a killing, if it goes to 130 your days of making money are over, and you're out at 100... and if goes to 50 you're buried, but less buried than just holding the stock with no optionsComment -
You might be over thinking this a little but classically I get it. Look at it like this 1- its a fixed income type investment 2- little to no capital appreciation will be had. As with most these type investment a little research tells you 85% the price is going down (no hedging, covering, shorting ect) 3- only a portion of portfolio is used but using the investment the same as a long term ladder with cd's. myga, ect ect. We have not even touched the tax benefit from owning these
here is a complete portfolio using 7 year holds contains tickers most probably never heard of each pay monthly
FAX-global bonds current div. 12.09%
BIT- corporate bond div. 10.37%
AWP-world real estate div 12.94%
UTF-utilities div 8.79%
EOI-stocks div 8.53%
GLDI- gold div 13%
SLVO- silver div 19.22%
allocation of 100% breakdown
stocks-34
bonds-30
utility-15
commodities-11
real estate-10Comment -
I bought AI on Tue for shitts and gigggggles
37.50 went up to 43
i meant to sell half of my position at 1230 pm but a work call distracted me
it has gone downhill since
have a plan or do not daytrade LOL
luckily my position is quite smallComment -
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Hi y'all I'm finally back from my couple + weeks of marching around up and down mountains in the Virginia forested areas. 1st I have to say that the 'ole lady put the "vacation" together and touted its virtues of getting out in nature away from all of the worlds modern trappings by sleeping in a tent most nights and waking up with nature everyday. Well let me tell you I've never come off of a vacation thinking that I need a vacation, and after telling me how great it was going to be the 'ole lady was in chronic bitch mode for the first 4 days until she got her walking legs out. I don't think I'll be doing this again any time soon. My idea of roughing it on vacation before this was maybe a forced stay at the motel 6 on a late Sunday night somewhere down south where the bars are closed up.
Anyway, I see the SPY finally got to and broke out above the $422 spot I deemed as my line in the sand. On Thursday, it didn't close above the $422 level, but the writing was on the wall for the short covering rally on Friday so I jumped out of all the Puts I collected in late April and May for about a 35% loss. That's the way options go, big swings of profit or loss. This also brings me to my second point.
I got this stupid looking solar phone charging thing I've been wearing on my head for the last couple of weeks, and while it does work, when in the forest, the effectiveness is severely reduced. I think I would have been better off if there was a fossil fuel solution like maybe a little RC engine hooked up to a little generator that I could run for about an hour every day. Also the 'ole lady didn't appreciate my wanting to be at the top of a mountain at around 9:30 or 3:30 every week day for some reason, she just couldn't get the idea of that.
I think going forward now, we are going to be in the summer sideways to melt up situation. A slow grind up over the next couple of months to perhaps $440 in the SPY unless this treasury auction thing pans out with the trillion dollar sale putting pressure on the equities.Comment -
crypto getting whackedComment
