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They drop it $40-$50, scare folks into selling and scoop up the cheap shares, and then the rise continues.
Traders must love this stock. A lot of $$ to be made on the swing trade.
Let's see. Wait 13 years, lose 95% value.
Great timing, now that something could be happening behind the scenes, which could possibly turn this into a small win. So let's bank the losses rather than let it play out for a few more months.
L4BC will be very disappointed with you, as a non believer in WDDD.
And he is likely correct.
True, especially since we are almost at $800 now. But it would seem that a split is in the cards, in the near term.
It could also split at $800, to keep the upward momentum. The CEO is a sharp guy. He will do what's best for the company and to keep the price per share moving up. Perhaps, a split comes when the momentum begins to stall as a means to keep it going?
I'm certain Power11 shorted heavily at $780 and will drive the price per share back down below $500!
Right about now Kathy Wood must be saying to herself, hmmm, maybe I shouldn't have sold.
However, at the moment there appears to be extreme demand for the products in an emerging field. Most business entities and/or governments are in a race to acquire the best chips and gain an AI advantage.
As you know, sales are based on customer demand, which is why EV sales are cratering. The artificial push to EVs, is not enough to sustain actual growth.
What we are witnessing with NVDA is actual organic growth, driven by extreme demand. It won't go on forever, but it may continue for the next 2-3 years.
The goal is to get the shares ultra cheap. That is the discipline. He is willing to incur a calculated risk and gamble that they will go up.
Paying an extra penny will continue to drive the price up and defeat the purpose of his strategy. This is the difference between making money and being a bag holder.
Following L4BC and buying in the .60-.70 range seemed like a great idea at the time, until it wasn't such a good idea. Same with all the averaging down bs.
At .003-.0075, it's worth the risk, that it may go up. The buy in doesn't cost much, and the company has remained SEC compliant for a reason. Obviously, Thom is trying to spin this into some sort of win.
No guarantees, but worth a shot, at the right price.
Where is Power 11? I figured he would have shorted this heavily at $680, and then be here bragging about how it dropped and he made a ton of $$.
That's why they lose $$ and you likely will turn this into a win. Some of these guys were chasing it and bragging about buying it at .60-.70.
Buy it while it's way down and hope that it goes up.
There is always volatility and games around earnings. They decisively beat expectations and this is headed higher. As the additional catalysts kick in, it will continue to drive this up.
JJ8, forgive me but it sounds like you are referencing casinos, in that the majority lose?
The institutions are the majority here, and they usually win.
Obviously, you are a skilled investor, but you got this one wrong. It's easy to understand why you predicted it would drop, since it dropped after the last few earnings reports.
Retail is not in control here, institutional investors are. You must have missed the hit pieces (planted by institutions) that printed in the days leading up to earnings.
A sharp investor would recognize what was going on. They were pushing the price down, buying cheap shares, and now it will run up.
Clearly, there is some volatility and this may take a haircut after earnings. However, it will bounce right back. The momentum this stock has doesn't just stop. It will be higher next month, and again the month after that. The line won't be straight up, but it will continue to rise.
There are several upcoming catalysts as well. A possible buy back and/or increase in dividend. The GTC meeting next month, has traditionally seen a 6% increase in share price the following day. More announcements of key partnerships will also drive this higher.
The stock may not continue to make 240% yearly gains, but I think 150% or more is possible. It was off to a great start to the New Year, as it was up 50% in the first six weeks.
Companies that beat earnings by $2 billion move in one direction. When the price per share catches up to earnings, this will be higher.
Retail must remember they are trading against computer algorithms. Try playing chess against a computer - difficult to win.
This will creep up toward the close as shares are repurchased, at the lower price. Then we wait for earnings. My guess is it will be a great report. Should be interesting.
No one surprised that a story like this is held back and released on the day of earnings report? A hit piece designed to drop the price. The big boys coordinate all of this stuff to drive the price down, get weak hands to sell, and then they scoop up your cheap shares and then the price continues to go up.
Just wait and see.
No doubt a lot going on. They are also shopping very specific personalized chips to companies as well. So many areas they are into, and I'm certain more will be revealed in time.
Each time we think the run is over, this will continue to rachet up. 2024 will be a big year for NVDA.
I failed to state it clearly. But yes, there are some catalysts coming soon. Should be interesting!
I believe that was my point #2. But yes, it's coming up and should provide a boost to the share price
I agree with your assessment, despite some folks saying this could pull back. Not saying that isn't possible. But look what happened after the last earnings report. It pulled back, settled down and then shot up from under $500, to more than $700.
At this time, earnings are not keeping pace with revenue. Once it catches up, this will skyrocket.
There are also several near term catalysts.
1) Obviously, earnings will be reported. If it beats predictions, it could/should go higher.
2) Meeting in March to showcase AI and NVDA. That should also lead to a spike in share price. History has shown, the last six times they had this meeting, there was an average increase of 6% in share price, the following day.
3) As the share price continues to rise, it is likely that a stock split will occur. That tends to raise the price more quickly, as the lower price makes the stock more affordable for retail.
These are the catalysts we are aware of. There will be other announcements, partnerships, and a possible stock buy back, with the war chest of cash that NVDA has accumulated.
The above points, do not mean there won't be some volatility going forward. However, all of these factors point to this going higher, and it could be very quick.
Good luck to all.
NVDA has already hit a high of $746. Kind of seems like a hit piece to drive the price down before earnings.
So he said $696 would be the very top for a long time, and it had gone to $746.
You fail to address and ignore the fact that he stated it went up 120%, in the last year, when it actually went up 240%. So that raises the fair question - is he misinformed or intentionally obfuscating the facts? So that tells me he is either ill informed/poorly prepared, or has an agenda. Most likely the latter, because he doesn't impress as being dumb or ill prepared. Based on that, I would give little weight to what he says.
He said the stock is up 120% in the last year= WRONG!! It is up 240%.
So I would say he has no credibility, if he can't get simple facts like that correct.
True, but at the last earnings report, there was concern regarding 1 metric, can't recall what it was.
There were also concerns about restrictions on the sale of chips to China. However, shortly thereafter, new catalysts entered the picture, everyone had time to digest that they beat earnings by $2 billion, and determined this was going higher.
If they beat earnings, which they almost certainly will, (which is why several analysts revised their earnings predictions upward), it should trend upward. There could be some volatility and profit taking, but this is still headed higher, in my opinion.
Traders will take profits and investors will hold their shares and continue to ride this up.
Although, the share price has gone up steadily and at a good pace, it was not parabolic, like some of these other AI stocks, which have gone up 300%-400%, in a month, or 800% in several months. NVDA has risen consistently, in line with their fundamentals.
The only thing that could stop the upward momentum here is if Power11 decides to short it, again. :)
Wouldn't that be $95 million?
No movement at all here. Everyone holding their shares tight.
It dropped off a little in the last few minutes. Most likely Power11 shorting it.
That's old news.
What have you done for me lately?: 2023 it was up 238%. So far this year, it's off to a good start, up 46%.
So it looks like the tables have turned.
I did not say they announced a buy back
I said there is a possibility of other catalysts, a stock split and maybe a buy back. If the earnings report goes well, that keeps the momentum going. Then to keep things moving the possibility of a stock split would be a logical move, as the price per share has gone very high. That would keep the momentum going.
Then as things start to level off, if they announce a buy back, that would again create more interest and drive the price higher. The timing and management of these scenarios is important.
You ask if it is best to sell before a split? Are you a trader or an investor? First you need to answer that question for yourself. There could be some volatility. But if it bleeds off a bit, it will come back up. If you want to take profits, there is nothing wrong with that either. An investor would let it ride, as this seems like it is going higher.
Good luck to you!
The prediction tools and graphs generally work well on an average stock. When a stock is moving up as quickly as this is, the tools, in my opinion, are less accurate.
Its difficult to gauge momentum. This stock has it. Each leg up, additional catalysts are revealed and it continues to push it higher.
I see three more, near term catalysts. A good earnings report can drive it up further. After that, an announcement of a stock split could also move it higher. Then finally, after it settles a bit, NVDA can announce a stock buy back, with the loads of cash they have accumulated.
If these scenarios are managed properly, it can continue to propel this higher, before the momentum subsides.
Of course all bets are off if Power11 decides to short this at $1000. :)
Could be $800-$820 by 2/16. $900 is quite ambitious. However, if they beat earnings and it spikes, and they announce a stock split, or buybacks, it could push it into that range.
Good luck to you!!
He is trying to scare people into selling and then scoop up the cheap shares. This is headed higher.
Just a few weeks ago there was debate here on the board about NVDA struggling to punch through the $500 barrier. Now it has eclipsed $700. This is going higher.
These little drops are institutional trading, using algorithms. They push the price up, then drop it, people get scared and sell. The institutions scoop those cheap shares up, and then the climb up continues.
But that is exactly what NVDA did for the entire year of 2023...just saying. That type of momentum won't just stop. It will taper off over time.
Do you plan to short at the next stop...$1000?
Yes, exactly! Then after that, they will announce a stock buy back with their boat loads of cash, thereby triggering another run up. This is headed over $1000
Actually, that is not true. The public can trade in extended hours, including pre-market and after hours trading.
Like I told him a few weeks ago. If you short this stock - you will get crushed.
Exactly. I laugh when I see the posts today that the tech industry is laying people off and that may push this stock down. Its exactly the converse. They are laying people off and replacing them with AI, which is further driving the demand for chips that NVDA manufactures.