- 12,658
- 70,302
I believe the big support levels are 77K and 63K or thereabouts. IE: we at least get to 77K but it could panic sell all the way down to 63K.
I'm going nearly all in if/when it gets to those points.
Investing General Discussion
- Thread starter Furious
- Start date
I'm going nearly all in if/when it gets to those points.
Blazin
Creative Title
- 7,564
- 37,738
its kind of lol because this EXACT argument has been made for almost two years by just about every NVDA bear I have ever read."What humans couldn't..."
It goes further back in that back during the selling gpu's for mining days again people said the same thing that NVDA was playing games with recognized revenue.
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Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,260
- 134,029
Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,260
- 134,029
Blazin
Creative Title
- 7,564
- 37,738
That level should be sufficient for people to begin to question the entire idea of BTC which is the secret ingredient for a bottom
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Jysin
Bronze Baronet of the Realm
- 7,131
- 5,612
I was pretty bearish on NVDA prior to the AI hype train. We were coming out of covid lockdowns, everyone had updated GPUs for PCs on stimmy money (prolonged a future purchase cycle). Tech was selling off into 2022 and Bitcoin miners were vanishing following the Bitcoin price collapse. I saw no catalyst for it going forwards. (For reference, NVDA was down to $10.81 per share in today's prices in October 2022 lows. Shortly after, we came out of the tech bear market and ChatGPT hit the market.
If only we could have forseen that move. Crazy stuff.
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Blazin
Creative Title
- 7,564
- 37,738
Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,260
- 134,029
The $64,000 question and the one we cant answer is what is the government going to do. This will really be the driving factor on what the market does.
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Feeling better about all the de-risking i did last week now. Hoping to see a few things go lower from here.
The sharp drop in bitcoin does have me interested if it gets back into the 70s or lower.
The sharp drop in bitcoin does have me interested if it gets back into the 70s or lower.
Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,260
- 134,029
The amount of @grok posts with the subject of "MSTR forced liquidation" is pretty crazy right now on Twitter.
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Haus
I am Big Balls!
- 17,646
- 71,794
We're already seeing Trump prep for a Stimmy cycle cloaking it as a "Tariff Refund". Question being what excuse they will use to pump money after that, as I don't know of any other real levers they can pull. QE Forever? Big interest drop? That would require a Fed that didn't want to aggressively anger fuck Trump.
As I believe has been mentioned, lowering interest rates screws consumers by putting a fire back under inflation. Most of the Feds tricks help business and the markets but don't directly help consumers. Are they willing to sacrifice the Non-asset owners to keep asset markets high knowing they can always say "If the stock market is up then the economy is good, end of story"?
Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,260
- 134,029
Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,260
- 134,029
Just had a new long position filled on SPYM (the baby SPY). Equivalent of $652 on the SPY. Small starter position. Missed a fill on a new MSFT position by not much.
Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,260
- 134,029
Arden
Vyemm Raider
- 3,017
- 2,297
They are out of levers. That's the whole point of the "nothing stops this train" meme. It's a runaway train without brakes.
This has been the economy for a while now:
