(11-21-2018, 12:36 PM)vbin Wrote: @divmenow, I own NVDIA and I am loosing money on it right now. My average price went up due to my recent purchases. I wish I could see the future or I was as experienced and smart as some of the people here so that I could have maximized my returns. But I am not worried about the stock in long run. I am bullish on the stock not because of its recent run but because of the vision they have and the tech and revenue models they are working on. They are way ahead of anyone else in the game.
Added NVDIA
If that was directed at me for my last post I apologize because I came off wrong. I don't consider myself smart, but I've sure got some battle scars that were financially painfully and often avoidable. I will share my war stories hoping somebody else will avoid some huge mistakes I made long ago. I wish some internet friends had warned me, but they were busy hyping instead.
I think NVDIA will be fine, but it may be more than a minute. They've survived several 65% corrections before. May not look like it on a 20yr chart due to scaling but it happened. Right along with the other highly successful chip stocks that survived. The cyclical thing is very real for chips and nobody avoids it. That is why I am forever gun shy unless I buy when they look like they are going out of business.