NVDA's another buy the dip?
One very profitable investor who has been holding an out-of-the-money Call on $NVIDIA Corp(NVDA)$ (and rolling it over) has been holding the view that as long as these "smart" people keep predicting when the market is going to crash, that day will never come.people are always predicting when the market will crash and NVIDIA will plummet, then that day has not yet come.
For example:
A previous article talked about how the U.S. is in the longest inverted yield curve period without a recession and these overvalued bubbles will burst
r/wallstreetbets - We are now in the longest yield curve inversion on record without a recession.
"Insiders are selling NVDA, so a top is imminent"
I've heard that bank managers are talking about it too and are on the phone with their clients to discuss it
But the reality is that the market keeps going to new highs.
The way he does it, he buys short-term call options every few weeks and has gotten properly rich so far this year.
Someone even joked that he sold all his NVDA stock because "his mom started talking about NVDA and it sounded like a top. But since then, the stock has risen 150%.
Do you agree with that?
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- Neexio·07-17No worries, market keeps surprising us! [Speechless]1Report
- YoungYun·07-17Agree with what?LikeReport