Nvidia (NVDA): For me, there is absolutely no point buying NVDA shares now. Their Execs are still keep selling millions to thousands & thousands shares taking profit at $117-119. After massive selling, the price drops to lower prices which NVDA might execute buybacks. The execs selling & NVDA buybacks likely explains the Volatile Up & Down pattern. I believe this pattern will persist for awhile. Let the whales frolicking by themselves. Soon more & more people like some billionaires may follow suit to selloff as they can take their capital elsewhere to make more $$$.
This revelation sets me free! No need gungho with NVDA at all anymore until one day I wake up see NVDA at $50! I buy!
Modify on 2024-09-24 14:13
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I repent from wishful thinking that its a small matter, no it is not.
Price volatility over time can wear people out and it is unfair for investors to hold up their capital in hope waiting ....
And for many whether you are long term or swing trade, last thing you want is to waste your time buying *high* then POP! Slide a few notches lower & stuck.
Peace is Most Valuable over Price Roller Coasters.
There are many other listed businesses can assure stability & yield notesworthy dividend ie traditional bluechips. I cannot say that for the present Nvidia.
bubble time
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