Article I read this morning on the same topic: https://oilprice.com/Latest-Energy-News/World-News/Analysts-Reiterate-Calls-For-100-Oil-As-Saudi-Arabia-Cuts-Production.html

Only 1.5 years left on that Short Term Risk chart. Seems irrelevant for them to just be publishing that now.

I would like to see copper moved up and to the right.

ac04 said:

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NVDA trading at 38x sales and 200x earnings. closest comparison i have seen is tesla at its peak, which subsequently dropped ~70%. been holding NVDA for years now, can any of you talk me out of taking profits on most/all of it at this point? really itching to cash in, not sure what i'm missing that would make it a bad idea.

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yes, insanity. I guess it depends on if this is a trade or a forever hold and cost basis? if a trade, absolutely take profits, or set a stop. Even if it's a forever hold, I'd be selling some serious CC's on it.

made my scratch on the fake breakdown. now i'm out! peace.

ac04 said:

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NVDA trading at 38x sales and 200x earnings. closest comparison i have seen is tesla at its peak, which subsequently dropped ~70%. been holding NVDA for years now, can any of you talk me out of taking profits on most/all of it at this point? really itching to cash in, not sure what i'm missing that would make it a bad idea.

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general rule of thumb, if you're wondering if it's time to take profit, it is.

If you want semiconductor exposure, you could sell and put the proceeds into SMH. You can get it on a pull back too.

Hitting the eject button on this one. Down bigly with 4DTE.

Buying $OKTA June 9 $77 calls.

— Disciplined Trading (@oldarmy1) June 2, 2023

Farmer @ Johnsongrass, TX said:

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Saudi Energy Minister... We'll balance the market 'whatever it takes'. I think that's a strong endorsement of U.S. energy producers..

Saudi is determined to drive out Crude Oil Futures manipulation. They'll get Brent to $90+ range in order to fund their economy and have some GDP "surplus" to grow their economy. They have some very ambitious economic developments already started. Saudi will not back off those projects.

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I agree with the Saudis that the Biden people have manipulated the market and it's hypocritical to call out OPEC after the SPR fiasco.

However, the Saudis wanted lower prices a while back to run fracking companies out of business. In a way I'd say that effort has backfired bigly on them. People got used to cheap oil and Biden kept it cheap for the midterms.

Maybe if both sides left things alone we could see a better market price. That said, not opposed to OPEC pushing it higher at this point, if they can.

So why is oil down today w/ OPEC cuts?

Liquidity big boy

Yep. No problem with that stance.

ac04 said:

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NVDA trading at 38x sales and 200x earnings. closest comparison i have seen is tesla at its peak, which subsequently dropped ~70%. been holding NVDA for years now, can any of you talk me out of taking profits on most/all of it at this point? really itching to cash in, not sure what i'm missing that would make it a bad idea.

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I'm not all-knowing but I've collared a few of my top returners, selling call and buying put. I did it to buy me some more time to see how my portfolio and overall market shakes out over the year. As I get closer to year end and need to make decisions for taxes or want to rebalance and/or deploy that capital for something else I can.

ac04 said:

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NVDA trading at 38x sales and 200x earnings. closest comparison i have seen is tesla at its peak, which subsequently dropped ~70%. been holding NVDA for years now, can any of you talk me out of taking profits on most/all of it at this point? really itching to cash in, not sure what i'm missing that would make it a bad idea.

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i bought put leaps the other day

SHOP

$30,000 Millionaire said:

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re: NVDA.

If you're a long time holder and you're not taking profits...what's wrong with you?

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fair question, what's wrong with me (in this case) is i almost never sell anything. just buy and hold unless there is a very compelling reason to sell.

appreciate all the feedback, thanks guys.

sts7049 said:

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ac04 said:

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NVDA trading at 38x sales and 200x earnings. closest comparison i have seen is tesla at its peak, which subsequently dropped ~70%. been holding NVDA for years now, can any of you talk me out of taking profits on most/all of it at this point? really itching to cash in, not sure what i'm missing that would make it a bad idea.

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i bought put leaps the other day

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What did you like? I'm looking at March 300 puts but premiums are hefty (obviously)

AAPL JUN 23 2023 $200 CALL pushed over $0.51. Now net positive on that trade with 5 contracts left.
Thanks OA!

I have been in NVDA since 2016 and it is the largest position in all of my combined accounts at the moment, but I am still long on them due to their complete dominance at the hardware level for the next cycle of compute advancements.

I've said it before on here, but at the moment, they have zero competition, and as you see GPU's replace CPUs or get integrated into the same chip like Grace Hopper, if you are a mega cap tech company at the cutting edge of this compute transition, at the moment, you have to buy from NVDA.

That being said, you can't run a monopoly forever before someone takes a slice of your pie, but I believe the current price is betting that in the next 6-12 months, they will maintain that monopoly.

June 13th AMD has an AI conference, watch that to see if NVDA's hardware monopoly will be tested in a shorter window.

I am not adding to my NVDA position at these prices, but I am not selling. But like my pops always told me, you can't go broke taking profits.

And if China hits Taiwan with an EMP or worse next year?

I'd decrease my exposure and book some profits, and I have.

ProgN said:

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And if China hits Taiwan with an EMP or worse next year?

I'd decrease my exposure and book some profits, and I have.

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Everyone would have a lot more to worry about if that happens than stocks

In that scenario, I will have wished I sold my entire portfolio, not just NVDA

EngrAg14 said:

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ProgN said:

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And if China hits Taiwan with an EMP or worse next year?

I'd decrease my exposure and book some profits, and I have.

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Everyone would have a lot more to worry about if that happens than stocks

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True, but I believe all of NVDA's chips are made in Taiwan. I can see China EMPing Taiwan and taking it over before the next election because we have a feeble president and NATO partners (France) have said publicly that they wouldn't interfere, which means they won't back us.

gougler08 said:

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sts7049 said:

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ac04 said:

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NVDA trading at 38x sales and 200x earnings. closest comparison i have seen is tesla at its peak, which subsequently dropped ~70%. been holding NVDA for years now, can any of you talk me out of taking profits on most/all of it at this point? really itching to cash in, not sure what i'm missing that would make it a bad idea.

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i bought put leaps the other day

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What did you like? I'm looking at March 300 puts but premiums are hefty (obviously)

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Jan 25 100s. this was not loading the boat or anything, more of a way OTM lotto. but looking back over the last few years it seems like a pullback to the 200-250 range would not seem totally unreasonable.

if that happens in the next year then I think I'd have a nice trade.

$30,000 Millionaire said:

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You guys are misreading the China thing. They're not us. They play the long game and slowly tighten the Vice. Look at HK.

They view these people as their people and they want their economy.

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Yes, they play psychological warfare and have infiltrated from within for decades (and many countries). They will continue to grind away. and China knows that our current admin loves war, I doubt they touch Taiwan.

bmoochie said:

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Looking at MARA and its in a little Darvish box since Mid April. Buying around $9 and then selling or doing CCs around $10 could be an easy 10-12% increase. I have $8.61 area as support so lose that I think is when I would cut. Seems to be bouncing between the 50 and 200 EMAs in this box as well.

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inching closer to a buy... I plan to just scalp commons.

Anyone like DIS down here for a longer term hold?