Re: Stock Market Chit Chat
 

How are those Nvidia stocks?

Re: Stock Market Chit Chat
 

it's 100% a new wave of retail investors, but the thing is - they don't have as big of a driving force in the market versus say, market makers and the big boys (banks, funds, etc)

it does show a frenzy however, on stocks like tesla for example. and a bunch of pump and dump penny stocks. kodak is another good example.. i watched it blow up overnight from $2.50 to $8 and said to myself, there's no way this can go higher after just 1 announcement of a COVID related government loan.

then the next day, trump mentioned kodak as a COVID vaccine chemicals producer (or the potential to be) and it jumped to $54. now it's back down under $8.. and the amount of people still holding kodak shares from >$20.. extremely sad. people seem to not do their due diligence these days and those who do seem to make it big.

for example, peloton/dick's sporting goods/lumber skyrocketed (for obvious reasons) but most people didn't think about any of that because well, who wants to buy boring stocks like dick's sporting goods? we want to buy tesla for fast, quick money instead!

i heard there's a way to defer the tax then have it written off if you make enough for this year (something like, if you made 110% of your previous yearly salary via short term gains tax, you can have it written off completely for this year..) - i need to look into that.

i'm up $19k today for reference.

Re: Stock Market Chit Chat
 

the $499 price point for RTX 3070 is fucking insane. NVDA is up from $508 earlier this week, and jumped last night after jensen huang's announcement.

it's phenomenal, and i believe NVDA has further room to grow. i personally grabbed one 1/15/21 $660 call for it today.

Re: Stock Market Chit Chat
 

Don't quote me, I've never invested, never have the money to do so. There's a shit-ton of media coverage right now on Nvidia, and it's at a time where young adults are looking into making computers themselves, because pre-builts are 'expensive', and the knowledge to build one yourself is there. Multiply that with Covid keeping everyone indoors for extended periods, compiled against release of next-gen video game console hardware specifications, and yeah, can probably see an Nvidia bubble similar to Tesla happening in the near future when they get released.

Re: Stock Market Chit Chat
 

not to mention i think nvidia's datacenter business has outgrown its GPU business. and if we see another crypto mining boom or A.I. related boom, we're in for a major rocketship up on nvidia.

Re: Stock Market Chit Chat
 

do you think you're beating the market?

Re: Stock Market Chit Chat
 

only time will tell

Re: Stock Market Chit Chat
 

but what do you think right now?

Re: Stock Market Chit Chat
 

I hope this doesn't mean the 2000 series will get more expensive. I was specifically waiting for the 3000 series announcement to hopefully see a decrease in the 2080's.

...But I'm assuming it will since Nvidia themselves pretty much just stated "yeah, our new shit is only $600 or less if you get the 3070"

Maybe I should invest in a 3000 series instead. We'll see what the price drop will be for the 2080's as a response to this.

Re: Stock Market Chit Chat
 

I'd like to think so, yeah. But only short term, which is significantly risky to most investors. Chit chat on the topic is generally trading information/insight on stocks and how they might perform in the first place, which essentially is better than any single person doing their own research. /shrug

Also, what qualifies as 'beating the market' nowadays? If the definition there means being more accurate than numerous stocks for retirement and for stuff like Dow Jones & Nasdaq, then yes. My 2 cents on it, is that the market as a whole, has gotten a lot more volatile in the past 10-ish years, as young adults get involved in the business of investing. The instances of bubbles in a particular stock forming has increased massively. And because of that, there is a bigger, and broader range of things that people generally know about, and have more experience in investing compared to back in the 2000's.

Re: Stock Market Chit Chat
 

don't know because we don't know whether we'll have hyperinflation or deflation

even if people "beat the market" but they fail to beat the inflation, they're not really beating it, right?

Re: Stock Market Chit Chat
 

also today we saw a major correction to the tech "bubble" that we've been seeing

god knows how much money these guys lost by going in on short-dated positions or not realizing everything (especially tesla) was due for a correction soon.

Re: Stock Market Chit Chat
 

i got tesla and apple! :D
OOOO GRATS!! now wathc your money GROOWWWW!

top 2 infamous quotes muttered moments before disaster

Re: Stock Market Chit Chat
 

How much are you down today?

Re: Stock Market Chit Chat
 

down $9k today! still up for the week by the hefty amount. i was saved by my UVXY calls since i knew fear levels would rise and boy, today was that day. my tech positions are dated through january and november however so i'm not tripping hard. people who bought into tesla or short-dated options got absolutely fucked though

Re: Stock Market Chit Chat
 

today will be very exciting! heading into a 3-day weekend with the markets closed on labor day.

will trump let the market die under his name and the election on the line?

Re: Stock Market Chit Chat
 

Yeah I'm down across the board, but not panicking like everyone else seems to be. Might just average down a bit.
Down $780 today

Re: Stock Market Chit Chat
 

WHOO that's an exciting day. we nearly touched the 200 day moving average for QQQ so now i feel it's a pretty safe time to go long through january. sold off all my hedge UVXY calls and jumped back into AAPL $120c for 1/15/21. despite all of apple's production issues and iphone release delay, i feel that AAPL took the brunt of the market correction so will be rebounding just as hard when the time comes.

Re: Stock Market Chit Chat
 

i think if we open green on labor day, we're officially done with the downturn correction. the fundamentals are still the same, it's just that everybody was WAYYY too frothy and the entire market was melting UPWARDS the past week.

hopefully this event shook out all the people with no conviction (doing 0 due diligence and just buying tesla blindly for example) and hopefully the market returns to slower, steadier gains (and also slower and steadier LOSSES).

Re: Stock Market Chit Chat
 

hahahahaha November is going to be a shitshow.