$NVIDIA (NVDA.US)$ will retest New high today...145....

10baggerbamm : I'd like to see it but I don't know if there's enough going on especially how everything rolled over yesterday. pretty much across the board you saw all the chip stocks including Taiwan semi roll. not to mention the fact that the media is pumping non-stop Israel's going to be attacking Iran possibly today tomorrow they have their Windows of opportunity their targets that they're going to go after. I mean it's pretty amazing that you tell the enemy.. okay we're ready to go it's almost like just telling him why don't you just evacuate all your bad guys .  anyways not to get all subject but if there is an attack there's a lot of people that are saying that Iran is going to escalate and then Israel's going to escalate and that's not good for the market. I don't care what your political affiliation is but instability like that is not good. so despite the fact that we've set new highs in the NASDAQ new highs and the Dow and the chip stocks are rocking and rolling again with Nvidia setting a new high Taiwan semi having a killer earnings and guidance. I think that a lot of people are going to be going back to heavier cash position towards the end of the day in anticipation of what may  happen. the back of my mind I keep thinking about Warren Buffett is at the highest level of Cash. you have to yield to somebody of his caliber and say does he know something did somebody tell him something what does he know because he is one of the greatest investors of all time and I think a lot of people understand that cash is King so I'd love to see an all-time high today.. but because of the reasons with Iran Israel I don't think it's happening.

LionGOD 10baggerbamm : Thanks for your comment. I’m looking to buy more at 120-125 level

10baggerbamm LionGOD : I sold calls against my long position on the spike yesterday and then when it dipped I sold puts below the market collecting the premium so everything expires today. quite frankly I'd like it to stay right at this area I don't want it to Gap up cuz I don't want to lose my stock and I don't want it to collapse cuz I really don't want to get put more stock.
after the name for her Nvidia went from being an extremely overweight position back in June when you had all these portfolios being rebalanced to be an underweight position after the August bottom and now you're seeing money flood back in after Jensen is stop selling stock which was planned but the media push that down everybody's throat what does he know.. for it so to all of the bulls out there that held true and bought that big dip back in July August you're ringing the cash register right now.

10baggerbamm LionGOD : pt 2
they say new highs lead to new highs so unless something really bad happens with Israel Iran this weekend I think next week we should push through those old highs convincingly with a new leg up.
and rest assured when this happens all the bobbleheads on TV will be back in full force the bears will say oh we had bad news from ASM there could be a kink in the armor with Nvidia because of the relationship that they have and there's no way this growth can be maintained they're slowing down it's the rule of large numbers.. and sooner or later capex will have to slow and when are these companies going to get a return on investment for all this spending will it ever happen I don't know it just seems awfully risky at these high levels... put these idiots on ignore
go and read the transcript from Taiwan semiconductor when we have a sell-off and it will happen next week 2 weeks from today whatever it is and it might be a 5 or 10% correction in chips cuz that's what's been happening read what the CFO and CEO of TSM said.
demand is beyond our wildest dreams
we are just at the beginning
the CEOs know what the hell is going on you want to talk about getting the best insider information that's it these are honorable people running one of the greatest companies in the world. already here so don't be shaking when Nvidia falls don't be shaking when the best of the chip stocks fall cuz they will just go back and reread their statement and open your wallet and buy more.

10baggerbamm LionGOD : well Tesla's coming up this coming week on the 23rd and as much as I'm a huge fan of Elon Musk I'm very concerned. it's difficult for me to try to grasp anyway they can exceed estimates when they're deliveries have fallen short.. and I'd love to see the stock trade higher on a Miss but I don't think we're at that point yet. so I have called sold against my long position they expire the 25th I've been selling calls against it and selling puts on weakness collecting the premiums. and next week I think I'm going to hedge with some puts against the lawn just in case because the fact is Elon Musk has put himself in a position where 50% of the US population hates him and the hedge funds that are politically aligned with the liberals are shorting the stock so he needs to have something that is I dropped the mic moment knock the cover off the ball to change the direction of the stock to make it Gap up and stay up at this point
so maybe he'll announce the new car that they're planning maybe he'll announce the app features for robo taxi I don't know but he needs to do something that you can sink your teeth into and go this is it this is what I'm waiting for and I don't think it's this quarter

LionGOD 10baggerbamm : Due to how Elon musk associated himself with Trump, a bet in Tesla can be seen as a bet in Trump to win the election. Are you expecting trump to win the election ?