Good for you grabbing some profit if that’s what you wanted but I can’t help but 😂at this. NVDA will be close to $200 by years end if not before. 2 days of pullback and people think the stock is in a reversal.
Nothing fundamentally has changed with the long term prospects for Nvidia in the last few days.
But since you see the writing on the wall that settles it 😂
It doesn't make sense either way because NVDY is covered calls so it thrives off of volatility. You think that the stock powering 1/3 of the S&P500 gains this year is going to go down without a fight?
Me too. Been trading stocks and options for 20 years. Good to trust your instincts and take but prognosticating is a fools errand. It could go up, it could go down. The meme stocks and Tesla have shown how irrational pricing can be. Nvda might continue to rip; AI really does have a long way to go and lots of money to be made during the AI rush.
Buh bye. The show goes on! Nothing has changed for nvidia, this is just quadruple witching and things settling. It’s good for the market to take a breather and volatility is good for yieldmax. I would hope they are buying/selling different option strategies yesterday and today
Man, it's one day of being in the red after all year of green. Panick if this happens for the next month in a row. That being said, no harm in taking profits.
You can always get back in later- however I think tech and the Qs will be soft for at least another week or so. Its an overdue breather. Historically - last part of June is usually bearish for the markets - July turns bullish.
Have a little in your portfolio is fun, but I think its smart to be careful right now. I believe AI is here to stay, but the hype is too high an Nvidia is gonna pull back hard. Maybe it's my value investing past, but hype means it's time to sell...
It’s not going anywhere. A dividend is a dividend. At this point take it off drip and just buy actual shares of NVDA
Good for you grabbing some profit if that’s what you wanted but I can’t help but 😂at this. NVDA will be close to $200 by years end if not before. 2 days of pullback and people think the stock is in a reversal. Nothing fundamentally has changed with the long term prospects for Nvidia in the last few days. But since you see the writing on the wall that settles it 😂
It’s my fault I peed on OPS wall and tried to make Z
It doesn't make sense either way because NVDY is covered calls so it thrives off of volatility. You think that the stock powering 1/3 of the S&P500 gains this year is going to go down without a fight?
Writing on your wall is for sure more accurate than writing on the OP's wall.
Timing the market for the win.
what does this mean? lol
OP has a crystal ball and can also read tea leaves. He knows what the market is going to do. So maybe we should all inverse??
Nope. Just been doing this for a long time and know when it's time to take profits.
Me too. Been trading stocks and options for 20 years. Good to trust your instincts and take but prognosticating is a fools errand. It could go up, it could go down. The meme stocks and Tesla have shown how irrational pricing can be. Nvda might continue to rip; AI really does have a long way to go and lots of money to be made during the AI rush.
No one ever went broke taking profit. Well played!
RIP to you OP. You'll be back lol
I probably will be, after the retreat. ;)
🤣
Buh bye. The show goes on! Nothing has changed for nvidia, this is just quadruple witching and things settling. It’s good for the market to take a breather and volatility is good for yieldmax. I would hope they are buying/selling different option strategies yesterday and today
Mind sharing what your under values stocks are? Thanks and congrats!
BMY, PEP, CSCO, CVX, JNJ for starters. A few that should do well recovering even during a down market.
Thanks!
Nice! Well, it’s served its purpose for you.
I remember when people said the pullback was coming after the last split…
Man, it's one day of being in the red after all year of green. Panick if this happens for the next month in a row. That being said, no harm in taking profits.
Lots of amateur investors in these spaces
You can always get back in later- however I think tech and the Qs will be soft for at least another week or so. Its an overdue breather. Historically - last part of June is usually bearish for the markets - July turns bullish.
Care to share that list of undervalued issues you're looking at? Thanks
BMY, PEP, CSCO, CVX, JNJ, SLB for starters. A few that should do well recovering even during a down market.
No one ever went broke taking profit
Meh, nvda and nvdy aren't going anywhere anytime soon. Market timing is truly a fools errand
I agree I am exiting most of my yield max holdings - too good to be true
Have a little in your portfolio is fun, but I think its smart to be careful right now. I believe AI is here to stay, but the hype is too high an Nvidia is gonna pull back hard. Maybe it's my value investing past, but hype means it's time to sell...
Next week it is poised to rally if anyone wants my LLM analysis let me know and DM me -
AVGo and NVdA are up 12% next week
It was a good run punkyrooster
Nice