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Very recently the chatter on here was will it make it to $500 or has it hit a ceiling. Now its ready to punch through $700. A lot of analysts will be revising their very conservative predictions.
It could be, but so far this shows no signs of losing steam. It would be nice for it to continue the upward trajectory into the earnings report, at the end of February.
As far as the layoffs at other companies - that doesn't apply to NVDA, at this time. Until there is a slow down in the need for chips or demand for AI, this will continue to rise.
The average price prediction for the year was $675. NVDA shattered that 5 weeks into the new year. This is headed higher.
So companies are cutting costs and utilizing/ transitioning to AI. That sounds like it will give a boost to NVDA, which produces and supplies the chips for AI.
And despite all of this institutional selling, which reportedly took place last week, NVDA was way up and is also up today, so far.
So what are you saying? Is NVDA about to drop because you believe the markets and tech are in correction territory?
I feel a stock split coming soon!
The average price prediction by numerous analysts was $675 for 2024. The high was $1100 and I believe the low was $580.
The way this is going, it could be $675 by next week. It appears the predictions are clearly on the low side.
I think it shatters all of the analysts' predictions, and goes to $1200 or higher.
That is the mark of experience. Not your first rodeo.
Yes, I remember that. They beat earnings but missed some other metric. I believe there was also some concern circulating about restrictions on sales to China.
Since it's now acceptable to discuss crypto here on the board, I figured I would provide today's crypto update.
Yesterday, the SEC charges a crypto exchange in a $2 billion fraud scheme.
Also yesterday, Germany seized $2.1 billion in Bitcoin, in an incident unrelated to the events posted above.
But do your DD and paper trade, as L4BC suggests. Then dive in when you are comfortable.
NVDA will beat earnings and the fundamentals are great. Some of these analysts put too much emphasis on other metrics and the price dropped off a little.
Looks like algorithmic trading after hours, trying to shake free some cheap shares, by driving the price down.
"Crypto has been very good to me" - the start of another agenda based post, by Looking4BIGcash. The carnival barker is at it again, trying to steer the herd. L4BC, true to form, as pointed out in a prior post, bragging about his success in other stocks (today it's crypto), suggesting others to join him.
Maybe he should be posting on the crypto boards rather than here? Perhaps he should consider a moniker change for this year to: "Looking4YOURcash", as he continues to pump other stocks and investments on the WDDD board.
As usual, just the facts. :)
As usual, he is here pumping another stock, after it has gone up.
He jumps on board here and pumps crypto, EVs, solar etc.
What Tesla has done is impressive. However, it lost $93 billion last quarter. Ford lost $4.5 billion on its investment into EVs, last year. The public does not want them. Dealers can't get rid of them. The tech may be the future, but it's not mainstream yet.
The government should not be forcing the issue with EVs. If the tech was so good, the cars wouldn't need rebates. Governments mandating EVs and stopping production of ICE powered cars is foolish. Everyone knows that consumer demand is what drives sales - not government mandates.
Off to a good start for January, especially since January is typically an off month for the stock. Will it make 30% gains for this month?
The law changed after the lawsuit was filed. Fact.
When I posted that something was up with the case because the Judge was taking so long to rule (appeared to be waiting to see the outcome of the election, and what favors could be garnered), you disagreed and advised it was a conspiracy theory. Fact. Now of course with hindsight, you say WDDD was robbed of it's patents. How convenient.
You also bragged about buying WDDD at .70, ("because you could"), when it was suggested to wait for the next drop, which happened almost immediately! That didn't age well. Fact
After the case collapsed, it was you who stated it was a positive development and "now we go to Texas". Fact
If I recall correctly, it was you encouraging folks to buy crypto, a few years back, before the price collapsed. Then you referred to it as a crypto winter. You debated the merits of crypto here on the board and stated how it was perfectly safe, anonymous etc. and the contrary opinion was stated that it was rife with fraud and theft. If I recall correctly, you were early into FTX and recommended that here on the board. We all know how that turned out. Fact
No one wins all of the time. However, from your posts here on the board, your track record is abysmal.
Shorting is a negative function. I don't short stocks and it seems that you don't either. However, options, day trading, holding an investment as well as shorting are all legal and part of the game. Some folks like playing the other side, and that is their prerogative.
Congratulations. If you shorted at $627 or $628 and then covered after the drop. I would say well played. But if you keep the position open and this moves up, you will get burned.
There is ample opportunity to make $$ on both sides here. It will not go straight up. After a quick rise like the last two weeks, of course it bleeds off a little, as traders take profits and it consolidates before moving up to the next level.
In my opinion, there is more opportunity for the upside here. Why waste time and take the risk playing the short here?
You said you shorted at $450-$500 and predicted it would go to $350. That didn't happen. So how much $$ did you lose there? Why continue down that path? Too much risk vs reward shorting here, which is why so few short this.
Good luck!
If something is going to happen here, it happens this year. It will be either a merger or bankruptcy.
No way to keep drawing a salary when there is no revenue. Despite the ridiculous claims by L4BC that WDDD had partnered with all of these big companies - there is no revenue from any of that, or whatever small revenue was derived, it was many years ago.
So WDDD never monetized it's patents or technology. Investors are here because they wanted to see the tech and patents monetized and believed there was a good chance of that happening with the lawsuit.
Lets see how quickly it closes the gap from $600-$700. I feel a stock split coming in this range. Buybacks could be another factor to consider.
Most of the analysts are being conservative with their predictions. In my opinion, this hits $1200, at some point this year.
Enjoy your Cadillac while you can, before the loons ban gasoline powered cars. Not a bad idea to be prepared for what is coming. Thank you.
I hope most of that short position isn't from $400, when you suggested shorting, as you will feel the pain.
You will be decimated if you are shorting this.
I think at least one analyst has predicted $1100 and a recent article predicted a 120% upside for the year. Either of those scenarios is a homerun.
A nice way to start the year off with a 20% gain, and only partially through the month. Hopefully, this will continue to earnings, in late February.
At beginning of the month someone posted that NVDA is typically down in January. Maybe a bit premature, but so far it's up 20% and we still have quite a bit of January left. Perhaps, the downtrend for January is over.
I for one think a split is coming. Once it is comfortably above $600, it will likely split. Just my opinion.
L4BC always posts with an agenda and only gives part of the story - the part that benefits his agenda. His posts are primarily aimed at steering the herd.
Many of his posts are filled with an enrgetic and upbeat charisma designed to pull people in. It sounds nice so people want to be a part of it. But his assessments generally exclude important information and present a one-sided view. He often paints a picture of his success and comments that he doesnt tell people what to do, then goes on to tell people what to invest in, even listing other stocks that have nothing to do with WDDD. A subtle way to steer the herd.
But more recently, he has added statements like - do what you want its your money or whatever you are comfortable with. He sets up the premise that one is missing out by not following his wordly investment advice.
Its really simple - those who followed his advice lost $$$.
NVDA....the gift that keeps on giving.
Good buys! You're smart and playing the long game here. Most gave up when the lawsuit failed.
Still a possibility to turn this around. I agree with you that remaining SEC compliant, signals that Thom is working on something behind the scenes.
The economy will likely do ok , as it's an election year. The administration will juice the economy with lower interest rates in the summer, so we see a measurable effect right before the election.
If WDDD plays it's cards right and accomplishes some sort of merger and then interest rates drop - financing becomes available and maybe this spikes.
Like you have said - it's worth a shot.
This is a very illiquid stock. Not sure one could pick purchase $20k right now. Like you smartly said, "don't expect anything". If someone has $3k-$5k, to gamble with, it may be worth a shot.
If you can scoop up about 1 million shares at $5K, and buyers likely already have shares, which is why they are here in the first place, it could turn around a losing stock into a small win if something positive develops.
If that happened, I think we would see an immediate increase in the share price by .0001
This is a board for NVDA. You are posting info about your trades, related to NVDA. Nothing wrong with that at all.
"A ton of companies looking to list". Yet no merger yet. Google, Meta, Blackrock and others are cutting jobs, because they know what is coming. Its difficult to start a company in a contracting economy. The jobs and economoc figures released to the public are quietly revised each month.
"WDDD is in the drivers seat" Really? The company is on the verge of bankruptcy - hardly in the drivers seat. Yes, they have something (shell) that could be attractive to another company looking to list. But timing, economic conditions and WDDD's situation do not put them in the drivers seat.
No accumulation going on because none of the insiders want to invest more at this point - because there is no deal on the table. Waiting to see sustained accumulation might be too late. $5K gets about 1 million shares at the moment. A bargain - if something happens and a deal gets done.
Advertise somewhere else. This is a board for NVDA.
A brief pause and some profit taking, after a 15% gain. This is headed higher.
Just pointing out that this was NOT a pennyscam fraud, as someone else had claimed.
What has Thom done since then? He delved into the NFT thing and Bowieworld, both of which were a flop.
Hopefully, he is working on putting together a merger of some sort. But unfortunately none of us really know what he is doing, because there has been a breakdown in communication to the shareholders.
Whatever happens here, the conclusion will be this year. Bamkruptcy or merger? Take your pick.
So I guess Sussman & Godfrey were in on the scam or were they duped as well? They represented WDDD on contingency. S&G reviewed the case for 9 months before taking the case on contingency, and believed the case had merit.
Part of the problem here was that the law changed after the case had been filed. Despite multiple wins at various hearings, ultimately the case failed (for a variety of reasons, that are debatable).
Betting against this stock is a losing proposition.
That would be nice if that happens. If it hit $600 this week, maybe $700 by mid February.
Any relation to "Top G"? :)