According to the unrealized gain computation , had I sold my NVDA stock Friday , I would have made over $8,000 in profit . I felt it would jump even higher , so decided to wait . As of this morning , if I sold now , I'd get nearly $18, 500 profit . Now what should I do ? Has it reached a peak , or will it climb higher ?
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Feel free to reply to any comment by clicking the "Reply" button.It's a buy/ hold.
Do some homework on the chip industry and read what the quantitative analysts are saying.
waitingforgodo
Level 8
May 24, 2021
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I lost about 3 thousand buying IO Mega back in the 90's.
That was a recommended "Hot Stock" guaranteed to make me $$.
So I don't gamble like that anymore.
Willow_Wisp
Level 8
May 24, 2021
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That is the nature of trading...how long are you willing to wait and how much are you willing to risk? To best make a decision, you should have been keeping long-term statistics about the likelihood of increased value, based on the previous history of similar stocks. Otherwise, you are just gambling every time.
KateOahu
Level 8
May 24, 2021
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That's why I use the statistics and graphs my brokerage provides for me . I like to check the news to see what is affecting the value of stocks . Sometimes the value of stocks is due to what is going on at the company itself , sometimes it is affected by things going on in the world , outside of the company . A total stock market crash could be caused by a world wide pandemic , and yet the same pandemic can cause the value to entire the world of some stocks , such as medicine and stay at home work aids to rise . In this particular situation , NVDA is a well run company , with an ever improving product , affected by stay at home , work at home equipment , which is in short supply , and the value has increased significantly so that they have decided to split the stocks four for one . The value continues to rise , but to what level ?If I wait too long , anticipating it will go even higher , I may miss out as it eventually will begin to dip again . On the other hand , if I sell out too soon , I will be missing out on a big profit . Where will it end up ?
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Posted by PinkyandtheBrainGood correction. I actually consulted with a lot of people.