$NVIDIA (NVDA.US)$ you want proof we're not in a bubble I gi...
$NVIDIA (NVDA.US)$ you want proof we're not in a bubble I give you proof. for 35 years now I've sat in the trenches I owned a broker dealer I sat behind trading desks I've made money I've lost money and everything in between there's always a reoccurring theme when the market gets smacked hard when sectors rotate when the winners become under scrutiny are they overbought are they in a bubble is a sector in a bubble. now what I'm about to say may offend some people so if you don't have thick skin you might want to stop reading here. ladies I'm going to use that word that you can't stand that C word. you see when the market begins to blow off all of these talking figureheads get on TV and say we're not at a bottom yet we have to have here.. comes last warning.... CAPITULATION!
oh you thought I was talking about the other c word shame on you get your heads out of the gutter.
that's right capitulation no one has talked about it you know why because we're not in a bubble this is a natural profit taking. of time frame that's all nothing more nothing less when you hear these goons get on TV saying we haven't reached bottom because we have to have capitulation they're late to the game.
this is normal healthy taking while bulls bears hash it out don't do stupid things don't try to time the market a dollar more or a dollar less a year from today is irrelevant is meaningless.
I assure you the people working for NVIDIA are not staring at their phones like you are oh my God I'm up I'm down I'm up I'm down you're like whack-a-mole. if you look right now you see the money shifting towards Intel it's buying into other companies the sox, it could go down another five points or so but it's very difficult to time the bottom because the market can reverse so quickly so you need to establish a position in a company and think beyond an investment that will last a lunch time. taking initial position if it falls back a little bit five or 10% reevaluate make sure nothing's changed in the company buy a little more don't go crazy keep your powder dry.
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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10baggerbamm OP : these companies will be around in one year 3 years 5 years and days like today and the past week will be such a long distance memory it's not going to be on your list of things that you recall that are even relevant or important but I assure you if you miss the opportunity to buy great companies on weakness because you're waiting for that extra quarter or point to hit your trigger you're going to kick yourself a year from today 2 years from today 5 years from today. that's my two cents