Posted on 06/05/2024 12:32:38 PM PDT by rdl6989
Nvidia has split five times before this week's 10-for-1 split—with 2-for-1 splits in June 2000, Sept. 2001 and April 2006. It also had a 3-for-2 split in Sept. 2007 and a 4-for-1 split in July 2021.If you want to understand Nvidia's stock splits, take a look at Apple's
Chris Morris | FastCompany
Sorry you missed out.
I bought the equivalent of 12 shares at about $114 a share in 2019 (it’s split several times afterward). Right now my return is about 3100%.
“Don’t fight the tape....”
BWWWAAAAAHAHAHAHA, just got it, Pelosi. But yes, strangely enough my wife’s name really is Nancy, she just doesn’t have the benefit of insider info.
It isn’t related to AI hype. They are selling their product because it can do it, and there is a huge demand for it.
It was only recently that I heard they were #3, and I thought “Huh? Really? Is that true? What for?”
It is because their processors can do that kind of work better than any other.
...”covered calls”
That might be my general advice to him under different circumstances, but he didn’t ask for my advice, and I’ve taken to not give market advice unless someone asks for it.
If I gave any such advice, it would be by putting out what I call “fishy” (fishing) orders to sell calls waaaaaay above where they are now priced. Lat’s say 1300 struck Jun 21 calls price $23-$24, place a GTC limit order to sell a couple of them for $30.
But it’s wrong to sell calls on a stock in pure full-on runaway.
Thing is, if he was in a mind to sell calls. Wouldn’t he have done so 200 points ago?
He’s done extraordinarily well without my advice.
I’ve always preferred ATI to NVDA but that was years ago, and then AMD acquired ATI.
“Graphics” chips have “evolved”.
Good thing I don’t do gaming or AI.
Makes building a new desktop so much cheaper.
There used to be what seemed like scores of video card companies, and now we are down to 1 3/4s or so (nVidea, AMD, Intel, Matrox).
I have had Genoa, Hercules (mono 720x348?), Paradise (EGA), S3 (integrated), Oak (integrated); pal had Video7. Number 9 made the premium cards. They were the Core (hard drives) of video cards.
Lol...I thought you were just playing along with me on your response when you said that here name was in fact Nancy.
Hey, I bought it at $150!
And sold it at $250.
This has been very painful to watch.
Almost as painful as when I bought 3000 sh of AMD at $3/share and then sold it a year later.
One of my biggest mistakes.
I would have done the same thing if its any consolation.
Maybe so...but it just seems so damn oversold.
Once it splits he ends up with 8500 shares, he could probably test the waters with a couple hundred shares selling at a very low delta and see how it goes.
You (must) mean-—overbought.
I happen to believe that CC’s are approximately the worst play in the entire stock market. For too many reasons to detail.
The dominant theme in my hatred for them (even though I do them sometimes) is the divided mind they produce. Because selling calls is going short, no matter how you slice it. Well, so is hedging, but the hedging value of short calls is sub-zero, utterly sucks.
In my brother’s case, he has an innate tendency to not do whatever I might advise, plus, he was in this exact position with AOL 20 years ago and let a phenomenal pick and a voluptuous profit slip away. A remarkable history-repeat. He despised the market as a result. When our folks died and we inherited a very nice chunk of money, he wanted nothing to do with the market, I had to beat him over the head for months to buy $21 INTC, back when it was never wrong to buy INTC. And he had worked at INTC!
Well,
If you believe that CCs are the worst play in the market, then taking the opposite side, and getting long calls with similar DTEs must be one of the best plays then, yes?
Sort of. You and I both know that no matter how complex a spread or butterfly you put on, there is nothing so good as a 6 or 8 banger on straight long calls. But straight long calls or puts have their own set of disadvantages.
I’d have to add that the current state of the market does not appeal to me at all. Stocks seem very very high, yet persistently so. This could be an indication of my inability or low-ability to adapt. But when you see the /ES up 58 points and the DJIA down 600 points...that ain’t supposed to be possible.
The Biden Crime Family is on the CCP payroll, so it’s been keeping busy undermining US business (SpaceX, Apple, Nvidia, etc)
US initiates antitrust probe into Nvidia
https://www.google.com/search?q=US+initiates+antitrust+probe+into+Nvidia
I actually have taken a liking to debit spreads myself when I want to make a directional bet.
I think they are generally underpriced, theta decay and decreases in volatility are offset somewhat by the short option.
I like them also as a hedge when overall market volatility is low.
The only long options I will buy by themselves though, are long data calls with a minimum of a year...preferably two years out.
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