Discussion ***Official*** 2023 Stock Market Thread 💰

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Red Squirrel

No Lifer
May 24, 2003
67,882
12,354
126
www.anyf.ca
Shows how rediculous the concept of the stock market really is. Stocks are not based on anything real, it's all speculation. It's a miracle the entire financial system rides on it and that it continues to somehow work, at least for the most part.
 

FelixDeCat

Lifer
Aug 4, 2000
29,294
2,095
126
Shows how rediculous the concept of the stock market really is. Stocks are not based on anything real, it's all speculation. It's a miracle the entire financial system rides on it and that it continues to somehow work, at least for the most part.

Amen!
 

dullard

Elite Member
May 21, 2001
25,203
3,617
126
Shows how rediculous the concept of the stock market really is. Stocks are not based on anything real, it's all speculation. It's a miracle the entire financial system rides on it and that it continues to somehow work, at least for the most part.
Stocks are half based on reality. They are not entirely pyramid schemes nor are they entirely based on speculation (like many cryptos). Stocks are actually based on mostly profitable companies that repeatedly pump real money back into the stock market game.

If there wasn't actual profit going to the actual shareholders, then you'd have a fully correct point.
 

jpiniero

Lifer
Oct 1, 2010
14,831
5,444
136
Have politicians gotten all of their pandering and postering for constituents out of their system yet?

There's still time for them to squeeze some more out of the debt ceiling debate.

The thought had occurred to me that the Debt Limit could work as a Crash/RTO trigger. We'll see.
 
Reactions: repoman0

PlanetJosh

Golden Member
May 6, 2013
1,815
143
106
Is anyone playing the NVIDIA ups and downs? It seems that typically I've seen it run up before earnings by quite a bit, then drop a decent amount after the earnings. I'd like to be able to use what I've been seeing with nvidia to make more educated guesses on when to get into it/sell some of it.
Had my mouse pointed over the buy button on it (NVDA) several times since last October. But like the other poster said didn't have the courage. Nothing personal against the other poster. And now with today's after hours 25% gain in NVDA I've just about had it. Because I blew again in not buying it before the close today.

It will probably sink somewhat tomorrow (Thursday) but I bet I could've dumped it sometime in the morning with a nice gain. But that's all what if.
 

bookem dano

Senior member
Oct 19, 1999
243
8
81
Had my mouse pointed over the buy button on it (NVDA) several times since last October. But like the other poster said didn't have the courage. Nothing personal against the other poster. And now with today's after hours 25% gain in NVDA I've just about had it. Because I blew again in not buying it before the close today.

It will probably sink somewhat tomorrow (Thursday) but I bet I could've dumped it sometime in the morning with a nice gain. But that's all what if.
I'm glad I didn't try to play the ramp up prior to earnings.

Granted, I've seen big gains in after hours not materialize in the daytime hours, but today I'm smiling from my indecisiveness!
 

AdamK47

Lifer
Oct 9, 1999
15,312
2,915
126
I had a double take when I checked nVidia in after hours. +25%.

Hope it doesn't go to their head and they remember they make gaming GPUs for the little guy too.
 

woodman1999

Golden Member
Sep 19, 2003
1,697
106
106
I have held NVDA since June 2017. I am not a short term investor, so I am thankful that this one worked. I've had my fair share of dumpster fires that I've held on to for to long so I'll take all the run I can get out of this one.
 
Reactions: Saylick

Saylick

Diamond Member
Sep 10, 2012
3,385
7,149
136
Had my mouse pointed over the buy button on it (NVDA) several times since last October. But like the other poster said didn't have the courage. Nothing personal against the other poster. And now with today's after hours 25% gain in NVDA I've just about had it. Because I blew again in not buying it before the close today.

It will probably sink somewhat tomorrow (Thursday) but I bet I could've dumped it sometime in the morning with a nice gain. But that's all what if.
Yeah, that was me.

I'm still flabbergasted at their stock price movement. It's literally doubled since the beginning of the year.

I've never been a stock investor on hype or emotion. I'm just too rational and conservative in my thinking. It's why I'm a good structural engineer. If it's too good to be true, I likely think it is.

At $401 per share, Nvidia will be a trillion dollar company that currently makes 11B in revenue a quarter. You could combine the market capitalization of the following companies and it would be worth less than Nvidia: Intel, AMD, Qualcomm, and freakin' TSMC. If those 4 companies hypothetically merged and combined their engineering prowess, which company would you invest in? Nvidia or that semiconductor megacorporation?
 

jpiniero

Lifer
Oct 1, 2010
14,831
5,444
136
As for the "default", weirdly the rates for the middle of June are higher than June 1st. I think it was over 6%.

I suppose that suggests that there won't be a deal until the end of June?
 

FelixDeCat

Lifer
Aug 4, 2000
29,294
2,095
126
My fortune 🥠 said: May you live in interesting times.

These times sure are interesting!
 

IronWing

No Lifer
Jul 20, 2001
69,474
27,748
136
NVDA has an annual earnings to capitalization ratio of ~0.9%, based on the last quarterly results. If NVDA's prediction for the next quarter is realized, that ratio leaps to ~1.2%. Investors are irrationally exuberant.
 

Saylick

Diamond Member
Sep 10, 2012
3,385
7,149
136
I think the only way I am shorting NVDA is if I start hearing my barber or grocery store check-out clerk mention that they bought some shares for fear of missing out, i.e. when everyone starts thinking that it's a guaranteed money-maker, you have to go contrarian.
 

FelixDeCat

Lifer
Aug 4, 2000
29,294
2,095
126
I think the only way I am shorting NVDA is if I start hearing my barber or grocery store check-out clerk mention that they bought some shares for fear of missing out, i.e. when everyone starts thinking that it's a guaranteed money-maker, you have to go contrarian.

Sure a pull back is likely, but shorting it is probably not a good idea.
 

AdamK47

Lifer
Oct 9, 1999
15,312
2,915
126
nVidia is yet another tech stock people are trading based on sentiment rather than fundamentals. The AI FOMO is strong.
 
Reactions: biostud

FelixDeCat

Lifer
Aug 4, 2000
29,294
2,095
126
Nvidia to the moon?
It's already $1 trillion market cap. It could double if all predictions come true on 5 years.

What intrigues me is a junk stock called C3.ai. I do not own any for now. It hit $41 today.

The all time high was absurd and the company was recently targeted by a short seller report but recovered.
 

JTsyo

Lifer
Nov 18, 2007
11,769
916
126
I want to take some profits from nVidia but not sure at what point. I'll buy back in once the bubble deflates a bit.
 
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