It sure seems to be an easy way to earn fast cash by jumping onto this AI train
But this money making machine could also turn into a deadly value trap if invest too much and/or not quick enough to jump off the train in time
I've narrowly escaped such a fate once, so I'll not be so eager to do it again
I had my scare during the lockdown phase of covid when I bought shares in glove making companies such as UG Healthcare, Top Glove and Riverstone when demand for such products spiked
The share price shot up rapidly needless to say
Production ramped up to meet the huge demand, everything from share price appreciation to dividends were spectacular
But when demand started dropping, the share price tumbled as well
I was lucky to exit just in time with a tidy profit before the fall, could have earned a lot more but didn't manage to sell at the highs, and when it started dropping I kept hoping it'll go back up again but it just kept dropping
I had Nvidia too and I sold with a tidy profit
Could have sold higher, and then bought lower
Wash and repeat
But I won't be doing that, as Lady Luck may not come knocking twice
Modify on 2023-12-19 19:10
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