Message from @ThisIsChris
Discord ID: 398199456950124555
MLPs too
Thanks. That gives me a good place to start for research.
NVDA heck yeah
Up 11 points today
I've been reading about Nvidia recently when considering a GPU purchase. They seem to be killing it. They even said recently "we're in no rush to launch the next generation of consumer level products, we are already so far beyond our competition, our marketshare has no risk"
That's a bizarre statement to make lol
Is this the news that sent it up 11%?
"Nvidia GeForce EULA change prevents data centers from using consumer GPUs"
"NVIDIA EULA Update Forbids GeForce GPUs In Data Centers To Protect Fat Margins"
Hmm not sure if that's it, but could be. Their main competition, AMD, is also up today.
Looks like their consumer level products have lower margins than their commerical level and they're forcing commercial customers to use the commercial level and the customers just shut up and take it because Nvidia is so far ahead of the competition.
Oh that explains a lot @Tanner - SC
>Strong November chip sales figures from the Semiconductor Industry Association were a catalyst for Tuesday's gains.
>Nvidia, which has boomed as its chips have expanded from PC gaming to autonomous driving and artificial intelligence
do you think GPUs being used for mining crypto is still giving them a boost?
I've seen some emerging coins that use non-GPU mining systems but nothing that would affect current application too dramatically, if it's impact on sales isn't negligable
but I do recall a pretty big spike in demand and price not too far back
Yes. AMD getting more of a boost from crypto mining than Nvidia due to their hardware architecture being better suited for it, but Nvidia getting a boost too
I see
@ThisIsChris nice call on NVDA. Are you selling or holding the options you currently own?
@Zyzz good question! Now I'm not sure since this is a lot more movement faster than I was expecting, but I will probably sell, maybe roll out or buy back in closer to earnings, not sure yet
@Zyzz I just rolled them out to 220 strike for a credit
Whenever my limit order goes through immediately I wonder if I should have asked more lol
@here just a generic and friendly reminder to not risk money you can't lose. Also that no one here has a crystal ball and unforseen risks can arise.
@Why Tea How do you insulate your investments from crashes?
Well you can't entirely insulate, but you can reduce the risk by diversifying across asset classes that are loosely coupled / correlated with each other.
A bad year in the housing market or for commercial rents isn't tied to a bad year for long term bonds, and isn't connected directly with returns on non-cyclical industries, etc.
"Own lots of different stuff."
I can write/copypasta more about it later and I'm sure our professionals have excellent input to provide.
I'm not a pro just an amateur byt one thing comes to mind about one particular sector: you can protect stock investments with "protective puts" which are just puts on stock you currently own.
We could definitely benefit from someone giving an overview on options and strategies like covered calls and protective puts.
I saw that in here earlier. I've used covered calls with success on some big, slow moving, high-dividend blue chips, etc.
Oh yeah I like covered calls, for that
Here's a nice slideshow from investopedia with 10 common option strategies, I think it's good and concise if you already know what an option is. https://www.investopedia.com/slide-show/options-strategies/
@ThisIsChris Congrats on the awesome NVDA play and thanks for sharing! I've been busy with the kids, but I would have totally jumped on that too.
@Belzec if you still want a rundown on covered calls LMK.
Oh yeah, the recession is coming. We are nearing peak euphoria.
It may be, but ZH is a pretty doomsayer-y site.