ive Taken your advise over the past three years. Ive got 200 shares of NVDA ( average 150). 4000 shares TQQQ ( avg 26).
TQQQ peaked at 90 a year and a half ago. It may take a couple of years to get back to that. I’ll wait.
NVDA is now the world leader in AI hardware . With a Trillion dollar market cap they have tons of free cash for R&D. Ive seen predictions of 1,000 / share in three years.
ive also got a bunch of shares of APPL over the years. That thing is a Rock. Stupid teenagers keep buying a new $1k phone every year, just for bragging rights.
Well it's kinda hurting me. I took some easy money and sold calls on LRCX Lam Research. It's getting caught in the wave of this NVIDIA AI tsunami So I took like $1 a share to sell it at $600 when it was about $520 Maybe less than $1. Almost like clockwork it just skyrockets. Then I had to pay $20 to get out of the call and sell a new one at $635. Making matters worse, I accidentally double sold the calls. So I not only have the potential to lose my 1600 shares of LRCX at $635 but I'm doubly screwed if it hits $700 or higher and I have to come up with the money to buy then sell those shares. Also 1600 of them. I am in the very weird position of cheering for a stock I own to stay right where it is until June 16 and then stay below $700 until Sept 15. On the bright side, if the 6/15 call expires, then I'd only be forced to sell LRCX at $700 in September and not have to do anything else. Just sell what I own. And I paid $220 for it about a couple years ago. So $220 to $700 in 2-3 years is not something to whine about even if I am "forced" out.
My gut tells my AI while real is a lot of reactionary hype right now and at some point the market goes and focuses on it's new shiny toy. Whatever the media discovers next. And NVIDIA and others calm down mellow out and resume business as usual. When that happens LRCX and others stop their launch to the sky.
I am not frustrated I didn't get Google at $90 when I had the chance. Frustrated I got out of Apple at $130 and keep selling puts to buy it when it comes down 10% and it's now at $178. Frustrated I am sitting on 17,300 shares that are now cash at $130 ant getting back in $50 higher doesn't excite me. But not happy to be out of Apple. Firsmt tie in a decade.
On the bright side, this is shooting up TQQQ and after buying a lot at $50, getting killed down to $15 kept buying. And now my average price is $32 I bought it for. It's at $35 and if this game continues, QQQ and by extension TQQQ will benefit. Never did get my hands on Microsoft. Always one of my regrets. Have a couple hundred thousand $ of Amazon, but its been DOA for a couple years. I think the company is worth more broken up at this point than together. They really need to figure out how to make money being Amazon. Losing a ton just being a seller and their whole Prime delivery service costs a fortune Should start delivering on contract like UPS and Fed Ex. Their web services and ads on their site and MONEY. Prime video should be branched out and sold out. Lot of money there. Sort of ignored value. Like they aren't doing much with it
But yeah, NVIDIA needs to chill out of I am gonna start shorting that thing like I did with AMC a few years ago when people went crazy Man I made a ton
ive Taken your advise over the past three years. Ive got 200 shares of NVDA ( average 150). 4000 shares TQQQ ( avg 26).
TQQQ peaked at 90 a year and a half ago. It may take a couple of years to get back to that. I’ll wait.
NVDA is now the world leader in AI hardware . With a Trillion dollar market cap they have tons of free cash for R&D. Ive seen predictions of 1,000 / share in three years.
ive also got a bunch of shares of APPL over the years. That thing is a Rock. Stupid teenagers keep buying a new $1k phone every year, just for bragging rights.
Well it's kinda hurting me. I took some easy money and sold calls on LRCX Lam Research. It's getting caught in the wave of this NVIDIA AI tsunami So I took like $1 a share to sell it at $600 when it was about $520 Maybe less than $1. Almost like clockwork it just skyrockets. Then I had to pay $20 to get out of the call and sell a new one at $635. Making matters worse, I accidentally double sold the calls. So I not only have the potential to lose my 1600 shares of LRCX at $635 but I'm doubly screwed if it hits $700 or higher and I have to come up with the money to buy then sell those shares. Also 1600 of them. I am in the very weird position of cheering for a stock I own to stay right where it is until June 16 and then stay below $700 until Sept 15. On the bright side, if the 6/15 call expires, then I'd only be forced to sell LRCX at $700 in September and not have to do anything else. Just sell what I own. And I paid $220 for it about a couple years ago. So $220 to $700 in 2-3 years is not something to whine about even if I am "forced" out.
My gut tells my AI while real is a lot of reactionary hype right now and at some point the market goes and focuses on it's new shiny toy. Whatever the media discovers next. And NVIDIA and others calm down mellow out and resume business as usual. When that happens LRCX and others stop their launch to the sky.
I am not frustrated I didn't get Google at $90 when I had the chance. Frustrated I got out of Apple at $130 and keep selling puts to buy it when it comes down 10% and it's now at $178. Frustrated I am sitting on 17,300 shares that are now cash at $130 ant getting back in $50 higher doesn't excite me. But not happy to be out of Apple. Firsmt tie in a decade.
On the bright side, this is shooting up TQQQ and after buying a lot at $50, getting killed down to $15 kept buying. And now my average price is $32 I bought it for. It's at $35 and if this game continues, QQQ and by extension TQQQ will benefit. Never did get my hands on Microsoft. Always one of my regrets. Have a couple hundred thousand $ of Amazon, but its been DOA for a couple years. I think the company is worth more broken up at this point than together. They really need to figure out how to make money being Amazon. Losing a ton just being a seller and their whole Prime delivery service costs a fortune Should start delivering on contract like UPS and Fed Ex. Their web services and ads on their site and MONEY. Prime video should be branched out and sold out. Lot of money there. Sort of ignored value. Like they aren't doing much with it
But yeah, NVIDIA needs to chill out of I am gonna start shorting that thing like I did with AMC a few years ago when people went crazy Man I made a ton