Stock Thread (19 Viewers)

[General Malaise]

This stock market is DJ Ugaugly

At least you didn't wager a poop cup on the outcome.

Just a day at the office for some.....

 

[kevzilla]

Gonna go ahead and shut my portfolio down for the day. Enough of that.

Our plucky little tin miner turned it around by the end of the day!

 

[ghostguy123]

What.......happened

 

[Capella]

I know the stock market is stupid and nothing means anything but is there actually a reason bad was down 10% today?

 

[KGB]

Well didn’t add some NVDA last week, but did today.

Added calls. But my shares... Oof

 

[General Malaise]

Gonna go ahead and shut my portfolio down for the day. Enough of that.

Our plucky little tin miner turned it around by the end of the day!

You noticed!

Only thing positive for me today. Gawd.

 

[General Malaise]

I know the stock market is stupid and nothing means anything but is there actually a reason bad was down 10% today?

I don't have a catalyst to point towards but I mean....1st day of the month of a rocky Q3 that might have seen some managers back from vacation looking to reposition themselves for a final push to close the year? I also think so much of the volume is now algo/computers being reactionary vs human driven trades - this is conjecture on my part.

Todem likely has a better handle on it. Listen to him if he checks in. I'm not overly concerned. Yet.

 

[Capella]

I know the stock market is stupid and nothing means anything but is there actually a reason bad was down 10% today?

I don't have a catalyst to point towards but I mean....1st day of the month of a rocky Q3 that might have seen some managers back from vacation looking to reposition themselves for a final push to close the year? I also think so much of the volume is now algo/computers being reactionary vs human driven trades - this is conjecture on my part.

Todem likely has a better handle on it. Listen to him if he checks in. I'm not overly concerned. Yet.

Down 2% after hours so I bought another block. Wife wants to go to Alaska next year so let’s go baby.

 

[Peggy]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

 

[pecorino]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

A meme stock that makes billions in profits weekly in a massively growing industry? I'll beg to disagree with your assessment.

 

[fruity pebbles]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

A meme stock that makes billions in profits weekly in a massively growing industry? I'll beg to disagree with your assessment.

You can both be correct.

 

[Lomez]

GME
AMC
BB
BBBY
COIN
HOOD
NVDA

Seems right.

- YouTube

Auf YouTube findest du die angesagtesten Videos und Tracks. Außerdem kannst du eigene Inhalte hochladen und mit Freunden oder gleich der ganzen Welt teilen.

m.youtube.com

 

[Lomez]

But then TSLA is basically a meme stock, so...

 

[culdeus]

So am I poor again?

 

[Penguin]

It's almost time to 3x short using $SPXU, $SQQQ and $SDOW

 

[Penguin]

It's almost time to 3x short using $SPXU, $SQQQ and $SDOW

Folks that do will make boatloads the next 2-3 years

 

[beef]

It's almost time to 3x short using $SPXU, $SQQQ and $SDOW

Folks that do will make boatloads the next 2-3 years

Would have been nice buys last week. 2-3 years of continued declines though?

 

[beef]

So am I poor again?

Just a back to school sale on tech stuff.

 

[culdeus]

It's almost time to 3x short using $SPXU, $SQQQ and $SDOW

Folks that do will make boatloads the next 2-3 years

Did you just quote yourself?

 

[beef]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

A meme stock that makes billions in profits weekly in a massively growing industry? I'll beg to disagree with your assessment.

You can both be correct.

Great points. I still think the AI boom is just starting. I'm not disagreeing with the data and that chip stocks are overvalued and need to be brought back to earth. It's needed and healthy for the long game. But both shorts and longs can win.

 

[fruity pebbles]

Bought back some of the NVDA I sold at 104 and change.

 

[Peggy]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

A meme stock that makes billions in profits weekly in a massively growing industry? I'll beg to disagree with your assessment.

You can both be correct.

Great points. I still think the AI boom is just starting. I'm not disagreeing with the data and that chip stocks are overvalued and need to be brought back to earth. It's needed and healthy for the long game. But both shorts and longs can win.

I'm not buying, other than these companies being part of my index funds. They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days? The same AI google has responding to my searches unsolicited that gets things completely wrong? AI has a long way to go and maybe it's worth investing for the next decade, but, the runup we've seen the last eight months. No way.

 

[Lomez]

It's almost time to 3x short using $SPXU, $SQQQ and $SDOW

Folks that do will make boatloads the next 2-3 years

Who are these people you're listening to?

 

[beef]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

A meme stock that makes billions in profits weekly in a massively growing industry? I'll beg to disagree with your assessment.

You can both be correct.

Great points. I still think the AI boom is just starting. I'm not disagreeing with the data and that chip stocks are overvalued and need to be brought back to earth. It's needed and healthy for the long game. But both shorts and longs can win.

I'm not buying, other than these companies being part of my index funds. They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days? The same AI google has responding to my searches unsolicited that gets things completely wrong? AI has a long way to go and maybe it's worth investing for the next decade, but, the runup we've seen the last eight months. No way.

The ChatGPT, openAI and social media & search engine AI isn't the only AI I'm investing in. It's the life changing stuff. The advancements in industry, transportation, healthcare, logistics, basically everything we do and how we live.

 

[General Malaise]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

A meme stock that makes billions in profits weekly in a massively growing industry? I'll beg to disagree with your assessment.

You can both be correct.

Great points. I still think the AI boom is just starting. I'm not disagreeing with the data and that chip stocks are overvalued and need to be brought back to earth. It's needed and healthy for the long game. But both shorts and longs can win.

I'm not buying, other than these companies being part of my index funds. They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days? The same AI google has responding to my searches unsolicited that gets things completely wrong? AI has a long way to go and maybe it's worth investing for the next decade, but, the runup we've seen the last eight months. No way.

Yeah, I remember people trashing Google when it IPOd at $85 20 years ago because how on earth are they ever going to make any money?!?!?!111.

"No way is it worth $85/share. It's a zero!"

Yeah, the tech sector is frothy. Yes, it was overdue for a pullback. But I think we are in the very early innings of AI and need to all pause and catch our collective breath before making definitive conclusions on how this will play out.

 

[ConstruxBoy]

Yeah, I remember people trashing Google when it IPOd at $85 20 years ago because how on earth are they ever going to make any money?!?!?!111.

"No way is it worth $85/share. It's a zero!"

Yeah, the tech sector is frothy. Yes, it was overdue for a pullback. But I think we are in the very early innings of AI and need to all pause and catch our collective breath before making definitive conclusions on how this will play out.

What a calm and reasonable take. We could really use you in the Politics Foru........oh wait.

 

[BassNBrew]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

A meme stock that makes billions in profits weekly in a massively growing industry? I'll beg to disagree with your assessment.

You can both be correct.

Great points. I still think the AI boom is just starting. I'm not disagreeing with the data and that chip stocks are overvalued and need to be brought back to earth. It's needed and healthy for the long game. But both shorts and longs can win.

I'm not buying, other than these companies being part of my index funds. They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days? The same AI google has responding to my searches unsolicited that gets things completely wrong? AI has a long way to go and maybe it's worth investing for the next decade, but, the runup we've seen the last eight months. No way.

Yeah, I remember people trashing Google when it IPOd at $85 20 years ago because how on earth are they ever going to make any money?!?!?!111.

"No way is it worth $85/share. It's a zero!"

Yeah, the tech sector is frothy. Yes, it was overdue for a pullback. But I think we are in the very early innings of AI and need to all pause and catch our collective breath before making definitive conclusions on how this will play out.

I miss the old GM who would be pitching a tantrum and spiking pennies.

 

[Bossman]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

A meme stock that makes billions in profits weekly in a massively growing industry? I'll beg to disagree with your assessment.

You can both be correct.

Great points. I still think the AI boom is just starting. I'm not disagreeing with the data and that chip stocks are overvalued and need to be brought back to earth. It's needed and healthy for the long game. But both shorts and longs can win.

I'm not buying, other than these companies being part of my index funds. They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days? The same AI google has responding to my searches unsolicited that gets things completely wrong? AI has a long way to go and maybe it's worth investing for the next decade, but, the runup we've seen the last eight months. No way.

Yeah, I remember people trashing Google when it IPOd at $85 20 years ago because how on earth are they ever going to make any money?!?!?!111.

"No way is it worth $85/share. It's a zero!"

Yeah, the tech sector is frothy. Yes, it was overdue for a pullback. But I think we are in the very early innings of AI and need to all pause and catch our collective breath before making definitive conclusions on how this will play out.

I miss the old GM who would be pitching a tantrum and spiking pennies.

... and I miss when Fruity Pebbles avatar used to move.
If I close my eyes I can still see it.

 

[General Malaise]

Yeah, I remember people trashing Google when it IPOd at $85 20 years ago because how on earth are they ever going to make any money?!?!?!111.

"No way is it worth $85/share. It's a zero!"

Yeah, the tech sector is frothy. Yes, it was overdue for a pullback. But I think we are in the very early innings of AI and need to all pause and catch our collective breath before making definitive conclusions on how this will play out.

What a calm and reasonable take. We could really use you in the Politics Foru........oh wait.

pretty sure I'm one of the reasons it was shut down for good.

 

[General Malaise]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

A meme stock that makes billions in profits weekly in a massively growing industry? I'll beg to disagree with your assessment.

You can both be correct.

Great points. I still think the AI boom is just starting. I'm not disagreeing with the data and that chip stocks are overvalued and need to be brought back to earth. It's needed and healthy for the long game. But both shorts and longs can win.

I'm not buying, other than these companies being part of my index funds. They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days? The same AI google has responding to my searches unsolicited that gets things completely wrong? AI has a long way to go and maybe it's worth investing for the next decade, but, the runup we've seen the last eight months. No way.

Yeah, I remember people trashing Google when it IPOd at $85 20 years ago because how on earth are they ever going to make any money?!?!?!111.

"No way is it worth $85/share. It's a zero!"

Yeah, the tech sector is frothy. Yes, it was overdue for a pullback. But I think we are in the very early innings of AI and need to all pause and catch our collective breath before making definitive conclusions on how this will play out.

I miss the old GM who would be pitching a tantrum and spiking pennies.

I am Low-T GM, riddled with arthritis and apathy.

 

[BassNBrew]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

A meme stock that makes billions in profits weekly in a massively growing industry? I'll beg to disagree with your assessment.

You can both be correct.

Great points. I still think the AI boom is just starting. I'm not disagreeing with the data and that chip stocks are overvalued and need to be brought back to earth. It's needed and healthy for the long game. But both shorts and longs can win.

I'm not buying, other than these companies being part of my index funds. They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days? The same AI google has responding to my searches unsolicited that gets things completely wrong? AI has a long way to go and maybe it's worth investing for the next decade, but, the runup we've seen the last eight months. No way.

Yeah, I remember people trashing Google when it IPOd at $85 20 years ago because how on earth are they ever going to make any money?!?!?!111.

"No way is it worth $85/share. It's a zero!"

Yeah, the tech sector is frothy. Yes, it was overdue for a pullback. But I think we are in the very early innings of AI and need to all pause and catch our collective breath before making definitive conclusions on how this will play out.

I miss the old GM who would be pitching a tantrum and spiking pennies.

I am Low-T GM, riddled with arthritis and apathy.

At least had more stain power than Otis

 

[KGB]

Well didn’t add some NVDA last week, but did today.

Added calls. But my shares... Oof

Nvda adding calls. Oof

 

[KGB]

NVDA might as well be a meme stock. The runup just because of AI was ridiculous. It's still overvalued in my opinion and has another 20% to go to get down where it should be.

A meme stock that makes billions in profits weekly in a massively growing industry? I'll beg to disagree with your assessment.

You can both be correct.

Great points. I still think the AI boom is just starting. I'm not disagreeing with the data and that chip stocks are overvalued and need to be brought back to earth. It's needed and healthy for the long game. But both shorts and longs can win.

I'm not buying, other than these companies being part of my index funds. They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days? The same AI google has responding to my searches unsolicited that gets things completely wrong? AI has a long way to go and maybe it's worth investing for the next decade, but, the runup we've seen the last eight months. No way.

Ai is totally useful to people that know how to use it for business.

 

[SFBayDuck]

They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days?

Um, yes actually, it’s completely different. Microsoft is now spending 40% of their CapEX on NVDA, up from 10% a year ago. META spends close to that as well on their chips. So is your hypothesis that Nvidia has them (and everyone else) fooled?

That’s not to say NVDA isn’t overvalued, maybe it is. But saying they “convinced us” their chips are different when they aren’t is just incredibly factually incorrect.

 

[General Malaise]

They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days?

Um, yes actually, it’s completely different. Microsoft is now spending 40% of their CapEX on NVDA, up from 10% a year ago. META spends close to that as well on their chips. So is your hypothesis that Nvidia has them (and everyone else) fooled?

That’s not to say NVDA isn’t overvalued, maybe it is. But saying they “convinced us” their chips are different when they aren’t is just incredibly factually incorrect.

Yuuuuuup

 

[Sand]

GME
AMC
BB
BBBY
COIN
HOOD
NVDA

Seems right.

 

[culdeus]

They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days?

Um, yes actually, it’s completely different. Microsoft is now spending 40% of their CapEX on NVDA, up from 10% a year ago. META spends close to that as well on their chips. So is your hypothesis that Nvidia has them (and everyone else) fooled?

That’s not to say NVDA isn’t overvalued, maybe it is. But saying they “convinced us” their chips are different when they aren’t is just incredibly factually incorrect.

Their chips can be awesome but if there isn't revenue to be made off then then what? There are certainly applications for AI but the chat bot stuff and fake pic is hardly a killer app.

 

[McBokonon]

One company that is starting to see some AI traction is the love of my life, $AXON. It’s early stages, but they’ve created an AI product that takes data collected from their bodycams and creates a first draft of a police report. Police still need to review and complete it, but it’s a major time saver.

AP article: https://apnews.com/article/ai-write...eras-chatgpt-a24d1502b53faae4be0dac069243f418

Anecdotally, I was talking to a guy at a bar who turned out to be in law enforcement (Federal, I can’t remember the agency), so I asked him about AXON in general. The first thing he did was bring up “First Draft” and he was so excited about it I thought he was going to have an orgasm.

 

[Peggy]

They have us convinced AI needs special computer chips any different than the top of the line chips they churn out for literally everything ran by computer now days?

Um, yes actually, it’s completely different. Microsoft is now spending 40% of their CapEX on NVDA, up from 10% a year ago. META spends close to that as well on their chips. So is your hypothesis that Nvidia has them (and everyone else) fooled?

That’s not to say NVDA isn’t overvalued, maybe it is. But saying they “convinced us” their chips are different when they aren’t is just incredibly factually incorrect.

My PC has a nvda GPU in it. GeForce came out in 1999. They're not new or completely different.

 

[St. Louis Bob]

I own 4, $20 DJT puts expiring 10/18. Bought them after reading an article a few months ago, I can't seem to finf now, how the lock up period for insiders is end of September. A week or so earlier if the stock price is over $20. Given the valuation, I don't see how there won't be a race for the exits.

 

[culdeus]

It is odd that Intel can't come up with a nvdia clone. It isn't some special sauce.

 

[Peggy]

It is odd that Intel can't come up with a nvdia clone. It isn't some special sauce.

Maybe it is a special sauce. Really it's NVDA's specialization and software (and their corner on the market) that distinguishes them from AMD or INTL. I mean TSMC actually foundries (makes) the chips. Like I said before, it's not the chips.

MSFT or GOOG should have AI just make a better software and architecture for itself. I'm sure there are all kinds of patents and copyright wars going on.

 

[culdeus]

It is odd that Intel can't come up with a nvdia clone. It isn't some special sauce.

Maybe it is a special sauce. Really it's NVDA's specialization and software (and their corner on the market) that distinguishes them from AMD or INTL. I mean TSMC actually foundries (makes) the chips. Like I said before, it's not the chips.

MSFT or GOOG should have AI just make a better software and architecture for itself. I'm sure there are all kinds of patents and copyright wars going on.

They got lucky in the same stuff that renders call of duty, mines crypto also can render a person naked.

 

[McBokonon]

I'm not arguing valuation or anything here, but the idea that NVDA isn't simply performing better as a business than their competitors or that's all due to luck is a strange take. They are always ahead of not just the Intel dumpster fire, but everyone else.

 

[Dr_Zaius]

I'm not arguing valuation or anything here, but the idea that NVDA isn't simply performing better as a business than their competitors or that's all due to luck is a strange take. They are always ahead of not just the Intel dumpster fire, but everyone else.

Agree, and having your chips fabricated by a third party does not necessarily equal your chips being a commodity. TSMC can make chips without owning the design itself. It's not like you can walk in there and ask for "generic NVDA" for you to sell. There's more to a chip than just node size and pitch, so you can't a priori assume that a company doesn't have a competitive advantage just because they use a contract manufacturer.

 

[St. Louis Bob]

I'm not arguing valuation or anything here, but the idea that NVDA isn't simply performing better as a business than their competitors or that's all due to luck is a strange take. They are always ahead of not just the Intel dumpster fire, but everyone else.

Reminds me of AMZN and AAPL. They have been overvalued for 25+ years and you would be a sucker to buy it.

 

[fruity pebbles]

I'm not arguing valuation or anything here, but the idea that NVDA isn't simply performing better as a business than their competitors or that's all due to luck is a strange take. They are always ahead of not just the Intel dumpster fire, but everyone else.

Reminds me of AMZN and AAPL. They have been overvalued for 25+ years and you would be a sucker to buy it.

Yeah, NVDAs growth is clearly slowing but from a very high level. Hard to know what it will settle at. At face value, it comparatively looks pretty reasonably priced with a forward PE about the same as Apple and Microsoft.

 

[culdeus]

I can think nvdia has value and at the same time their product is stupid. D

I also would rather have China have it than mark Zuckerberg

 

[stbugs]

Speaking of meme stocks, how is GME still above 20?

This is from a week ago, but geez, is this the best that they can come up with after 3 years of Ryan Cohen and all the $$$ that the current shareholders poured into the company to keep it afloat?

GameStop goes old-school with launch of new ‘Retro GameStop’ stores

Meme stock retailer hopes classic games are its future.

finance.yahoo.com

Do they not realize that there are emulators that let you run all these old game systems on your PC? Amazing that they are back at hoping retro brick and mortar will save them.

Retail investors own a lot of these meme stocks and damn if they are going to eat it over the next decade or so. A good chunk of them really believe still and probably have most of their investments in GME/AMC. Anyone who has a lot of other investments can read through the fundamentals.

 

[FreeBaGeL]

Speaking of meme stocks, how is GME still above 20?

This is from a week ago, but geez, is this the best that they can come up with after 3 years of Ryan Cohen and all the $$$ that the current shareholders poured into the company to keep it afloat?

GameStop goes old-school with launch of new ‘Retro GameStop’ stores

Meme stock retailer hopes classic games are its future.

finance.yahoo.com

Do they not realize that there are emulators that let you run all these old game systems on your PC? Amazing that they are back at hoping retro brick and mortar will save them.

Retail investors own a lot of these meme stocks and damn if they are going to eat it over the next decade or so. A good chunk of them really believe still and probably have most of their investments in GME/AMC. Anyone who has a lot of other investments can read through the fundamentals.

Honestly I think a lot of people just hold it so they can catch the next Ryan Cohen or Roaring Kitty tweet that sends it mooning for an hour.

I bought a bunch of AMC during the last Roaring Kitty shenanigans after GME exploded (but before AMC had moved much) and I kept around 15% of the leftovers for next time.

In my gambling account, of course.