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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (85169)3/19/2024 9:20:04 PM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

   of 97959
 
Anything is possible and I find it likely that NVDA will end the year higher than here. But in the meantime, too much good news is priced into NVDA and people are buying it only because it is going higher. I mean seriously, how much and how fast do they have to grow to be worth 30x revenue? The words of Scott McNealy about how dumb the investors were to buy his company at 10x revenue come to mind.

As I said on my thread, the stock and the business are two separate things. ZM is in a stronger financial position now than in 2020 and has more sales and WFH is the norm and blah blah blah. But the stock is nowhere near its highs.

But I'll be damned if I short this beast before it falls off its rails.
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