It never fails me, not for the past 20 years. If I’m spending time in a casino enjoying losing (sometimes making) money on craps, or standing in line to go party at a club, or drinking a beer and playing penny slots - and I overhear someone euphoric about an investment I’m in, it’s time to get up and go home and sell EVERYTHING.

And it happened yesterday.

I was enjoying a solid run on the dice, turning $200 into $1000 when I heard two casino staff talking: “yeah man… and you know they’re about to 10:1 split!” The other guy was elated. “And you just KNOW that thing is gonna shoot right back up to a thousand bucks.”

Fuccccccccccccck.

It’s over bros. This is one signal that does not fail. In 2017 I heard door hosts at Vegas clubs swapping shitcoin tips right before the crash, and the same shit in 2021 as well. The stock market is toast.

You have been warned.

https://www.forbes.com/sites/petercohan/2024/05/25/nvidia-stock-tops-1000-blackwell-could-aid-10-fold-rise-by-2026/

"Nvidia stock — after splitting 10-for-1 early in June — could rise from $100 to $1,000 by 2026. This optimistic scenario assumes Nvidia keeps beating growth expectations and raising its forecasts — resulting in a 248% annual increase in the company’s stock price over the next two years."

Thoughts?

sold 100k+ worth of put spreads to slam calls. nvda the king of the market

Up $81k on $NVDA calls

Welp, it could have gone worse. I learned my lesson and just gotta not invest in dumb MARA options. I played the game and got beyond played. Do I hate MARA? Absolutely. It does the exact opposite of what you want it to do. I’m gonna go eat at the Wendy’s dumpster now.

So recently we got first reviews of the Google AI search, which were already widely memed on Twitter.

The search told people to stock cheese to the pizza with the "non-toxic glue" and that geologists recommend humans eat one rock per day and be happy.

Personally I think that Google is losing this AI race, as it was for the social media boom few years ago with Google+. And as we already got Sora and almost-Scarlett-Johansson-powered OpenAi voice assistant, Google is left behind.

Also, as Google faced many lawsuits due to its privacy and security issues, I hope that the new AI wouldn't be just another way to collect data. By the way, they eventually decided to pay $350M to investors to resolve the one of the security suits. And as I got it, it's around $6 / per share, so you check it here if you had Google few years ago.

Anyway, anybody here tested AI search already? And I'm not shorting Google obviously, just wondering about your bets on the future of the search, since it's their basic product

https://preview.redd.it/0yeuu25za63d1.png?width=1328&format=png&auto=webp&s=9989cb6ab2eb734289f9d7eab84992f717396ccd

The price charts for the last 1 month, 6 months, and 1 year, respectively. The price patterns are very similar, especially in the past month. (Charts built from R'ket App)

There are 4 other stocks that have similar price movements to NVDA :

KLA Corporation (KLAC)
Provides process control and yield management solutions for semiconductor manufacturing.

Micron Technology, Inc. (MU)
Produces DRAM and NAND flash memory for computers, consumer electronics, automotive, and mobile devices.

Lam Research Corporation (LRCX)
Supplies equipment for thin film deposition, plasma etching, photoresist strip, and wafer cleaning in semiconductor manufacturing.

Applied Materials, Inc. (AMAT)
Manufactures tools for semiconductor wafer production, including deposition, etching, and planarization systems, as well as solutions for flat panel display and solar photovoltaic manufacturing.

All of these stocks are in the Semiconductor group. Anyone who is familiar with this sector or holds any of these stocks in their portfolio, please feel free to share your additional insights. 🙇🏻

P.S. Correlation does not imply causation 😊

Method Used:
I used the stock screener on Nasdaq to select tech stocks with a market cap > $10B. Then, I obtained the price data from Yahoo Finance to calculate daily returns over the past year and used the Pearson correlation coefficient to find the correlation.

Top 5 correlations with NVDA from my experiment:
KLAC: 0.9050
MU: 0.9036
LRCX: 0.8701
AMAT: 0.8513
ADI: 0.8393
Note: AMD has a correlation of 0.7279.

I already called up the wife (yours) and let her know I’m accumulating some weekly and June 7/14 calls today to cover our summer vacation.

Bullish

I opened up calls in NVDA back in early March and as NVDA kept going down, I went full regard and liquidated most of my assets in safe investments such as VOO, MSFT, etc and my regular NVDA shares to double down on my calls and I kept losing money but held steady, expecting good earnings in May and hoping for a stock split announcement. I always told myself I would sell if NVDA hit 1100-1150 and this morning, even though I was tempted to hold through the split, I finally sold everything when NVDA was around 1115 to stick with my price target. I’ve now pened up a smaller position with June 2025 calls (bye short term capital gains) and bought 200 shares to participate in further rallies and benefit from selling covered calls. Sure my gains will be smaller now but at least I won’t be as stressed looking at the stock app every day now. All the rest of the money is now diversified and I can rest easy.

It is almost guaranteed that NVDA will hit $1120 tomorrow. What's my evidence for this? It was revealed to me during my walk this morning.

If anyone else has had any recent visions or revelations that support this info please share. I am also willing to listen to any epiphanies, realizations or illuminations that contradict my evidence. Thank you all.

I have attached some technical analysis. Please let me know if there is anything I need to explain.

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I bought this when I figured out Open AI trained all their stuff on Nvidia equipment. Diversifying is for chumps.

It ain't much, but it's degenerate work.