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Waddayanow t1_ja8f9pv wrote

I am with you, but the market is highly regarded.

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Whispering_Eye_7481 t1_ja9b8rz wrote

These will PRINT, good luck bruvimg

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september72020507pm OP t1_ja9d7oq wrote

Thanks mate

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Whispering_Eye_7481 t1_jacqbjf wrote

Gonna need an update post after today, should be a blood bathimg

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september72020507pm OP t1_jact6ov wrote

Watching the price action right now and it seems distribution is picking up. Retail's retardation and buying power becomes less and less each day

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taker52 t1_ja8aau7 wrote

Cramer has said pos things bout em . They toast.

Be a man.

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ImageCreator t1_ja89p6k wrote

This has been the same story for the past 6 months, and yet check the chart

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september72020507pm OP t1_ja8a35p wrote

That AI narrative pump last earnings was the telltale sign that the 6-month uptrend may be exhausted

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ImageCreator t1_ja8k1ti wrote

Eh.... who even knows. I've been baffled as to why it continues to surge. I expected it had more to fall when it hit 110, so totally missed out on re-entering my sold position

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ImFedUpWithItAll t1_jaa6s18 wrote

Your risk is with every man and his dog announcing they are offering AI in their shitty products, which immediately translates to 'nvda profits' in all the brains of idiots because, of course, it means they will be spending yuuuuge money on nvda cards..

That's, unfortunately, how people think, and every time some Tom dick and Harry mentions AI nvda can run up.

I do agree with you, just stating what can trip up the thesis.

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september72020507pm OP t1_jabsuxo wrote

Thanks man, the risk of this is actually embedded in my thesis. Every rips the AI news might cause must dump quickly or else market is really regardedly bullish and im wrong

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september72020507pm OP t1_ja87oti wrote

$11.5K worth of NVDA short (these are CFDs coz I'm from Asia). Dogshit earnings with catshit outlook won't thrive while the FED is tightening.

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VisualMod t1_ja87crc wrote

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MaximusPrime666 t1_jaa9xlm wrote

I've never seen an actual "short" position posted here that's not puts (pretty sure that's what this is?). What platform are you using?

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september72020507pm OP t1_jabsp86 wrote

Yeah these are not options. They are actually CFDs, which tracks the price of underlying asset (NVDA).

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the_bondvillian t1_jabqqtq wrote

what is that stock? does your broker not give you strikes??

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QuranBurner123 t1_jaf0cju wrote

Why Nvidia and not Nasdaq 100? I.e. what's your specific thesis on NVDA doing worse than index?

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Alien8w8 t1_ja8g9if wrote

Broke the downtrend on the yearly, it may come down a few points, but it's putting in a new baseline.

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