>>20552102>you are missing out on mumuphoriaI'm definitely coping but come on, shouldn't anyone long NVDA be nervous right now? Going so high so quickly to such a market cap gives you a lopsided risk to the downside. Think about it this way, what's more likely, melting up another 30% or retracing the last 30% gain?
Basically there's a strong upward trend and it's hard to go against it, but when you're this high you shouldn't want to be long anymore.
Nvidia isn't making tens of billions from you buying a 4070 btw, it's pic related hoarding $30k GPUs. They decide if NVDA is gonna get $30B next quarter or not.
>minor 10% correction at bestthe reason why I don't believe it can only be 10% is that NVDA is too volatile, 10% is nothing with such beta, a meaningful change of narrative would bring the stock below $100.
