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> Last summer, when I valued Nvidia in this post, I found it over valued at a price of $450, and sold half my holdings, choosing to hold the other half. Now tha
by airstrike 3y ago
> Last summer, when I valued Nvidia in this post, I found it over valued at a price of $450, and sold half my holdings, choosing to hold the other half. Now that the price has hit $680, I plan to repeat that process, and sell half of my remaining holdings.
Well, it looks like he lost a lot of money
- msoad 3y agoHe bought it before me at least, so he *made* money. Doesn't matter if didn't predicted the top. He saw a stock that he thought will increase in value, bought some and sold at a higher price. That's what it matters
- Ekaros 3y agoSo if someone buys a stock and then that stocks goes bankrupt. By that logic they lost no money... Taking money off the table when it is enough for you is the way you guarantee that you make any money...
- airstrike 3y agoyeah, but he could have waited a little bit to see signs of a slowdown instead of taking such a radical contrarian view and leaving ~80% upside on the table. better to risk it going down from $450 to $400 before selling than to miss out on the ride to $800
- smeeth 3y agoNope. Failure to maximize returns is not losing money.
- airstrike 3y agoThere's a big difference between failing to maximize returns and missing out on an 80-90% upside (so far). Selling at $450 was a pretty bad call
- OtherShrezzing 3y agoI hope in both instances the author at least held out the extra couple of weeks until earnings day.
- globular-toast 3y agoYou can't lose what you never had.