Nasdaq Beater
Total AssetsNot trying to put others down:
It's like the old joke, three consecutive bullish candles can change one's belief.
A year-long surge at this scale can easily create a mental imprint. The narrative is right, the profits and shortages are real, but the key question is whether the stock price and P/E ratio have run ahead of themselves.
Even a good company needs to be bought at a good price. I wouldn't buy NVIDIA even at its current price of 300.
Telling people to buy when it was a few hundred dollars makes you a visionary genius; telling people to go all-in when it's over a thousand dollars, I genuinely think that's a bit malicious.
Squeezing all clients and leveraging the entire public to push a single sector up, I really don't think that's normal.
Anyway, it's already multiplied so many times. Even if it halves from here, many people would still have made a decent profit. Before adding to your position or holding on, first check your own cost basis and whether you're under the same pressure.
Of course, some people will still say that the rise in the past two days means bad luck for the year. Agreed, but the market always needs to do the math carefully, after investing so much, whether it can actually break even. $Microsoft(MSFT.US)$Amazon(AMZN.US)$Alphabet - C(GOOG.US)$NVIDIA(NVDA.US)
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