Unknown Soldier
Member
ASICs are used to farm Bitcoin now. No one uses GPUs for that anymore.
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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
ClosingADoor
Member
Mittal beats estimates by 10%, but drops 5%. Alright then... Biggest loss for me at the moment in my account, hopefully the steel sectors recovers a bit this year.
Unknown Soldier
Member
NVDA $200 Moon shot mission log day 3:
Secondary boosters burn successful. Second stage separation complete. We have a good trajectory and are in stable Earth orbit. Will continue to build momentum for slingshot out of planetary gravity. Mission is green for Moon, stand by for Q2 2018 results in 3 months.
Secondary boosters burn successful. Second stage separation complete. We have a good trajectory and are in stable Earth orbit. Will continue to build momentum for slingshot out of planetary gravity. Mission is green for Moon, stand by for Q2 2018 results in 3 months.
I'm just trying to jump in again around 120$.
Damn i shouldn't have sold...i don't even need the money xD
On another note what do you guys think about CSCO and the ever growing need for internet security?
Ether_Snake
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Google is displaying my TSLA shares as SCTY, and if you want to see what an automated news article looks like, look at this: SolarCity Corp (SCTY) Given Daily Coverage Optimism Rating of 0.31
AIs bugging.
AIs bugging.
completely agree, at this point whatever does bring the market down (if it happens) will probably be something nobody could have expected
Unknown Soldier
Member
The Way Money's Meant To Be Made
We got an​ analyst downgrade on TSLA today, so a buying opportunity is currently in progress
BeforeU
Oft hope is born when all is forlorn.
I dont know man, i feel like Tesla, nvidia and SNAP are ticking time bomb
Ether_Snake
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Continued automation will bring things down. It won't be an event, it will be the slow creep of people stopping looking for work outright, which is hidden by how we calculate unemployment numbers.
At the same time, a lot of game changing tech hasn't reached mass market yet. Automated cars, 3D printing, more stuff on the sharing economy, drones.
But real unemployment is going to be something that will reveal itself slowly.
edit: Google Finance is all messed up. Now it shows I own SCTY and GS. I sold GS many months ago. It also says I'm up 15% on VUG, I'm probably up 1% or so. Wtf.
At the same time, a lot of game changing tech hasn't reached mass market yet. Automated cars, 3D printing, more stuff on the sharing economy, drones.
But real unemployment is going to be something that will reveal itself slowly.
edit: Google Finance is all messed up. Now it shows I own SCTY and GS. I sold GS many months ago. It also says I'm up 15% on VUG, I'm probably up 1% or so. Wtf.
Unknown Soldier
Member
I'm not sure what you use Google Finance for, but I use it solely for the news-gathering bot. I wouldn't use it to manage a portfolio, that's for sure.
I don't think it is all fair to group Tesla and Nvidia with the likes of Snapchat.
I don't think it is all fair to group Tesla and Nvidia with the likes of Snapchat.
Is anyone in BMY? Down 25% roughly right now from highs and it starting to look like it may have bottomed. Thinking about getting in.
I don't think Nvidia a timebomb either. I mean it's way up but they keep on crushing earnings. In retrospect Nvidia was undervalued and I hate myself every day for not jumping in at 23 dollars lol. Tesla I'm 50/50 on. I'm not in the stock, won't get in the stock, think it's way overvalued but it keeps going up.
Not a fan of Snap though. Facebook will just rip them off and push them out.
I don't think Nvidia a timebomb either. I mean it's way up but they keep on crushing earnings. In retrospect Nvidia was undervalued and I hate myself every day for not jumping in at 23 dollars lol. Tesla I'm 50/50 on. I'm not in the stock, won't get in the stock, think it's way overvalued but it keeps going up.
Not a fan of Snap though. Facebook will just rip them off and push them out.
I am not currently but i have been a few times so far in 2017. Basically getting long after their drops and taking profits pretty quickly
Unknown Soldier
Member
I'm wondering when NVDA finds its top at this point.
Warren Buffett told me many years ago "Be fearful when others are greedy. Be greedy when others are fearful." This NVDA greed train is getting too crazy.
TSLA is the literal embodiment of the "RISK BIG, WIN BIG!" philosophy in the market. In 5-10 years, Tesla will either not exist or it will have a $1 trillion market cap. There is no in-between for them.
Warren Buffett told me many years ago "Be fearful when others are greedy. Be greedy when others are fearful." This NVDA greed train is getting too crazy.
TSLA is the literal embodiment of the "RISK BIG, WIN BIG!" philosophy in the market. In 5-10 years, Tesla will either not exist or it will have a $1 trillion market cap. There is no in-between for them.
NVDA is doing good. I'm in for the long haul. They've teamed up with Audi, they're using nvidia chips for their selfdriving cars, looking at a 2020 release.
I don't see a reason why nvidia would go down from here. Why wouldn't they just stay at 120?
Ether_Snake
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Nah, TSLA could stabilize at 150B cap in ten years or so if things go well. They have way too much on their plate to reach anything like a trillion. Beyond that, impossible to say. A possibility would be a merger, but I don't see that happening in the next five years.
Captain Smoker
Member
Man, today is going to be bad day.
Stocks fall and Euro rises, double hit for me. xD
Stocks fall and Euro rises, double hit for me. xD
ClosingADoor
Member
Ouch, my S&P ETF is hurting. At least supermarkets are doing well, my largest position at the moment in Ahold.
Unknown Soldier
Member
I'm not going to be happy if a Trump impeachment is what kills this decade-long bull market. Of all the possible bullshit scenarios that kill a bull market, it would be the biggest imaginable bullshit.
Unknown Soldier
Member
Well I mean it's not as if the market outlook changes depending on who is President. That's why I'm saying it would be bullshit.
BeforeU
Oft hope is born when all is forlorn.
So how did everyone do today? Everything was on sale.
I dumped all my position today afternoon. Glad I sold Amazon at 957.
Lets see what happens tomorrow. But I am excited, because I got some cash loaded for exactly this type of situation, and if the fire sale continues, I will wait and see. Slowly start buying, but not anytime soon.
I dumped all my position today afternoon. Glad I sold Amazon at 957.
Lets see what happens tomorrow. But I am excited, because I got some cash loaded for exactly this type of situation, and if the fire sale continues, I will wait and see. Slowly start buying, but not anytime soon.
Captain Smoker
Member
Yesterday was a bloodbath, curious to see how the rest of the week is going to turn out.
Since I only invested in tech giants and S&P 500 I'm not that concerned, I can buy cheaper if it goes down.
First Solar going down again sucks though.
Since I only invested in tech giants and S&P 500 I'm not that concerned, I can buy cheaper if it goes down.
First Solar going down again sucks though.
Captain Smoker
Member
People in your position are usually better off investing immediately. Some big market downturn is inevitable, but usually people lose more money by missing out on gains while waiting on the sidelines.
As long as you keep your money in index funds through a recession, you will be fine. The market eventually recovers. The people who get in trouble are the ones who spook and pull their money out.
Unknown Soldier
Member
"You must be this tall to ride this ride" signs should be posted on this market. Whew.
BeforeU
Oft hope is born when all is forlorn.
Ya my bad, i judged based on hoe the premarket looked. Surprisingly everything is holding up quiet well.
btw does anyone hold BABA? I thought the earning today were great except they missed the EPS target. But good growth and price still fell.
I'm in for the very long run. 5+ years and probably more .
I think it's gonna give me plenty of satisfaction same as fb, amzn and aapl. I don't know if I'll ever sell these stocks...maybe one day. XD
ClosingADoor
Member
I don't know how these marketers got my numbers, but this is the third time in a few months that some broker is calling me about opportunities. And then they each use Nvidia as an example. "We got in at 50 and sold at 90, that is the kind of results you want!" Sure, if it wasn't at 130+ now dude. His final line did make me laugh "I can lay out what I can offer you, and if you are not interested we can part as professionals." "No, you don't have to, I am not interested." *dude on the other side hangs up without saying a word*
I can see a case for it going up if it's the preferred currency of hackers/ransomware.
RumblingRosco
Member
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ClosingADoor
Member
What's the reason behind the rise recently? Is there actually something going on there, or are people riding the hype pushing it higher and higher?
I'm no expert but from what I've read there's a myriad of reasons, hype/FOMO being one. It's slowly becoming more accepted with businesses, banks, investment firms, experts etc but the most interesting article I read recently was about it's rapid uptake in Venezuela, where the government/country/currency are all going down the pan so ordinary folks are turning to bitcoin. Same in other similarly troubled countries around the world.
Unknown Soldier
Member
Bitcoin is high enough right now that I've heard people are going with Ethereum instead if they want to get into cryptocurrency.
Bought Ethereum for 10$/coin in January - just passed 150$/coin. To the moon.
Ether_Snake
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The problem with bitcoin, is that since it's digitally sourced, competition can materialize pretty much out of nowhere.