NVDA may painful 15-20% drop in a heartbeat!-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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NVDA may painful 15-20% drop in a heartbeat!

littlesweetie
03-07

Hey, guys! You know that age-old saying, "buy low, sell high?" Well, when it comes to $NVIDIA Corp(NVDA)$ , I'm torn between the two. On one hand, there's the temptation to jump in and chase the highs. NVDA's been on a tear lately, and it's hard not to want to get a piece of that action. But on the other hand, the wise man says to buy low. Wait for a pullback, a dip in the price, and then strike. It's a tough call, isn't it?

NVDA has been a great ride. Trees don't grow to the sky. A look at a 5 or 10 year chart shows how NVDA stock is now extremely parabolic. It does remind me of the charts for tech companies in 1999. Not saying we are in another 1999/2000 "bubble" but some of these stocks are feeling/looking that way.

I am long NVDA and consider selling a bit (I have already trimmed it a couple of times in the past couple of months). my concern is NVDA may be due for a pause here. Any whiff of any "bad news" regarding demand or some disappointment or reduction in enthusiasm around AI could send NVDA stock down pretty fast. What to the algo's have programmed in for "sell" news? If the algo's get on the downside, it could be a very swift and painful 15-20% drop in a heartbeat.

# Buy Low or Chase High? What's Your Choice?

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You know that age-old saying, \"buy low, sell high?\" Well, when it comes to  <a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"NVIDIA Corp\" href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a><v-v data-views=\"0\"></v-v> , I'm torn between the two. On one hand, there's the temptation to jump in and chase the highs. NVDA's been on a tear lately, and it's hard not to want to get a piece of that action. But on the other hand, the wise man says to buy low. Wait for a pullback, a dip in the price, and then strike. It's a tough call, isn't it?</p><p>NVDA has been a great ride.  Trees don't grow to the sky.  A look at a 5 or 10 year chart shows how NVDA stock is now extremely parabolic.  It does remind me of the charts for tech companies in 1999.  Not saying we are in another 1999/2000 \"bubble\" but some of these stocks are feeling/looking that way.  </p><p>I am long NVDA and consider selling a bit (I have already trimmed it a couple of times in the past couple of months). my concern is NVDA may be due for a pause here.  Any whiff of any \"bad news\" regarding demand or some disappointment or reduction in enthusiasm around AI could send NVDA stock down pretty fast.  What to the algo's have programmed in for \"sell\" news?  If the algo's get on the downside, it could be a very swift and painful 15-20% drop in a heartbeat.</p><p> </p></body></html>","text":"Hey, guys! You know that age-old saying, \"buy low, sell high?\" Well, when it comes to $NVIDIA Corp(NVDA)$ , I'm torn between the two. On one hand, there's the temptation to jump in and chase the highs. NVDA's been on a tear lately, and it's hard not to want to get a piece of that action. But on the other hand, the wise man says to buy low. 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