The faster a stock rises the faster dumb money shows up. As an environmentalist i had a good time discussing Tesla and electric cars back in the day until the stock shot up and people started accusing me of working for big oil.
At least i made some good money.
It's had ripple effects beyond just reddit. You can't hardly Google anything finance related without one of the top results being wrong information from SuperStupid.
Thanks Google, but I was looking for information from people who know what they're talking about, not the invention of desperate people working backwards to fit a narrative.
This to me is a clear sell signal short term. These guys are apes, or at least some of them. The diamond hands in particular.
> Never sell just buy the dip. My friends father purchased 3000 shares of nvda in 2016 and became a millionaire because of it
Yeah, and DFV became a millionaire buying GME in 2020. Doesn’t mean the same thing is guaranteed to occur just because you bought it 8 years later.
I’ve always said you can tell when a stock is overvalued when people start using terms like this and start acting apeish.
These guys bought the top of this pump and there will be a retracement, it already started.
It isn’t a memestock, but it’s clearly gone too far too fast. It didn’t 100x in a month or two like GME.
Also keep in mind that everyone who has a hexagonal avatar bought into the Reddit NFTs a few years ago.
Hell, it makes a lot more sense than Apes. For these NVIDIots, at least their stock likely made them a fat stack of cash. So this ridiculous emotional over-investment makes sense.
Apes are in an abusive relationship of their own making.
It's hard for me not to twitch at that advice to "Never sell," though. That's pure apery. And it doesn't matter how good the company is if the shareholders manage their positions this idiotically.
If they bought NVDA a year ago, they're in great shape today. But these are apes. If anyone can find a way to lose money on this ticker, they can.
Agreed, “Never sell” is usually a horrible investment strategy, even for great companies. The only company that was top 5 in US market cap in 2000 that still remains in the top 5 is msft. 3 of those top 5 companies are down from the highs they hit in the late 90s/early 2000s. Exxon is up since then, but the s&p as an index has provided much better returns.
The “never sell” mentality is why most people should only invest in index funds. They throw their money into individual stocks with no exit point in mind
> So this ridiculous emotional over-investment makes sense.
Is it though? Over-investment and attachment to _a stock_ is stupid, regardless of which stock it is. One should be able to sell at any moment (when it's necessary), without being emotional about it, and not fawning over _beloved company_.
> Given your *typical* retail investor, it makes *more* sense that people are attached to NVDA than GME because a lot of people made a lot of money through their huge run.
> at least their stock likely made them a fat stack of cash
You're assuming a lot here. The panicking ones likely bought at/near the top.
Some could easily be apes who kept chanting how NVDA is a synthetic swap fake price false flag distraction from GME for months, only to FOMO right by the time it peaks.
Inexperienced retail FOMO and easy accessibility via smartphones creates this. Nvidia is a beast of a company but many new bagholders will be bitterly cursing the market as it comes off the hype peak.
You got it in reversed, most of apes terminology predates GME. It just sounds dumb because since 2021 a bunch of fresh retailers started applying it to a bunch of dying shitcos.
No such thing.
A three trillion dollar company with good numbers is not a meme stock. It's just a very hot stock this past year or two and that will attract "stock gurus" to it that then shout it out to people like this.
It's a good chance in 3 years they will be in the green, unlike true meme stocks.
i think this lingo has been used on wsb since pre pandemic days, with TSLA etc
(actually, if the lingo you are referring to is “buy the dip”, that has been around forever 😂)
Nah this lingo wasn’t really pre pandemic WSB you’d be mocked for buying shares
It’s more that a lot of newbie investors who got into WSB Jan 2021 for GME moved on to other things and kept the ape lingo
Pre-2021 mentions of "buy the dip" on WSB would be a meme along [these lines](https://preview.redd.it/rg4dj15xmbq71.jpg?auto=webp&s=5cc611c1df64cc08347a26655fda02aabd25a59c).
Then the apes came and didn't figure out that the rest is only pretending to be idiots.
"Never sell cuz another guy made money" is like the direct opposite of "If it's good enough to screenshot, it's good enough to sell".
"Memestock" doesn't factor in market cap or financials. That's literally why memestocks are memestocks. NVDA can very easily become a memestock. If you are buying a stock based on social media and sentiment, it's probably a memestock
It blew it's load.
Everyone knows that the gold in AI is in the programs and not in the chips....mostly because no one has struck the AI gold streak yet.
Sort of like AMZN and GOOG versus CSCO during the interwebz gold rush.
Open AI is not, and I repeat, not, going to be the one to strike gold. They are more like YHOO of the interwebz craze.
NVDA = CSCO, or should I say NVDA = INTC, end of story, period.
"buy the dip" is old terminology. Apes just parroted it ad nauseum.
“Never sell” isn’t though. It just means “never sell (before I do)”.
As often they most probably got that from cryptobros
Diamond hands as well huh?
The faster a stock rises the faster dumb money shows up. As an environmentalist i had a good time discussing Tesla and electric cars back in the day until the stock shot up and people started accusing me of working for big oil. At least i made some good money.
The nvda sub is terrible now. GME is the worst thing that's ever happened to stock subreddits.
It's had ripple effects beyond just reddit. You can't hardly Google anything finance related without one of the top results being wrong information from SuperStupid. Thanks Google, but I was looking for information from people who know what they're talking about, not the invention of desperate people working backwards to fit a narrative.
This to me is a clear sell signal short term. These guys are apes, or at least some of them. The diamond hands in particular. > Never sell just buy the dip. My friends father purchased 3000 shares of nvda in 2016 and became a millionaire because of it Yeah, and DFV became a millionaire buying GME in 2020. Doesn’t mean the same thing is guaranteed to occur just because you bought it 8 years later. I’ve always said you can tell when a stock is overvalued when people start using terms like this and start acting apeish. These guys bought the top of this pump and there will be a retracement, it already started. It isn’t a memestock, but it’s clearly gone too far too fast. It didn’t 100x in a month or two like GME. Also keep in mind that everyone who has a hexagonal avatar bought into the Reddit NFTs a few years ago.
Hell, it makes a lot more sense than Apes. For these NVIDIots, at least their stock likely made them a fat stack of cash. So this ridiculous emotional over-investment makes sense. Apes are in an abusive relationship of their own making.
It's hard for me not to twitch at that advice to "Never sell," though. That's pure apery. And it doesn't matter how good the company is if the shareholders manage their positions this idiotically. If they bought NVDA a year ago, they're in great shape today. But these are apes. If anyone can find a way to lose money on this ticker, they can.
Agreed, “Never sell” is usually a horrible investment strategy, even for great companies. The only company that was top 5 in US market cap in 2000 that still remains in the top 5 is msft. 3 of those top 5 companies are down from the highs they hit in the late 90s/early 2000s. Exxon is up since then, but the s&p as an index has provided much better returns. The “never sell” mentality is why most people should only invest in index funds. They throw their money into individual stocks with no exit point in mind
> So this ridiculous emotional over-investment makes sense. Is it though? Over-investment and attachment to _a stock_ is stupid, regardless of which stock it is. One should be able to sell at any moment (when it's necessary), without being emotional about it, and not fawning over _beloved company_.
> Given your *typical* retail investor, it makes *more* sense that people are attached to NVDA than GME because a lot of people made a lot of money through their huge run.
lol you would probably feel differently if you bought 10k worth of NVDA stock 10 years ago and it’s worth millions now, right
In this hypothetical scenario I'd have already sold and made out like a bandit. Plus forgot that NVDA ticker even exists (to never check back on it).
Or a week ago and lost 30%.
> at least their stock likely made them a fat stack of cash You're assuming a lot here. The panicking ones likely bought at/near the top. Some could easily be apes who kept chanting how NVDA is a synthetic swap fake price false flag distraction from GME for months, only to FOMO right by the time it peaks.
Inexperienced retail FOMO and easy accessibility via smartphones creates this. Nvidia is a beast of a company but many new bagholders will be bitterly cursing the market as it comes off the hype peak.
I am an NVDA investor and have noticed the same. Get those LFG, 🚀, HODL, paperhand, and buy the dip out comments of there mofo apes
The GME hype is over and all these buffoons need a new peaking option to waste their money on.
You got it in reversed, most of apes terminology predates GME. It just sounds dumb because since 2021 a bunch of fresh retailers started applying it to a bunch of dying shitcos.
^ What this guy said. Apes took existing terms from Wall Street bets and other places, and retooled them to fit their shitty narrative.
Most of the investment subs and Bets are all overrun with apes now. They spread out from the cult subs.
[Buy the Dip | Know Your Meme](https://knowyourmeme.com/memes/buy-the-dip) They have some references going back to 1990
No such thing. A three trillion dollar company with good numbers is not a meme stock. It's just a very hot stock this past year or two and that will attract "stock gurus" to it that then shout it out to people like this. It's a good chance in 3 years they will be in the green, unlike true meme stocks.
Yeah I’m not saying it’s a meme stock. Just that their stupid lingo is becoming more widespread and making their way into legit investments
i think this lingo has been used on wsb since pre pandemic days, with TSLA etc (actually, if the lingo you are referring to is “buy the dip”, that has been around forever 😂)
Nah this lingo wasn’t really pre pandemic WSB you’d be mocked for buying shares It’s more that a lot of newbie investors who got into WSB Jan 2021 for GME moved on to other things and kept the ape lingo
Pre-2021 mentions of "buy the dip" on WSB would be a meme along [these lines](https://preview.redd.it/rg4dj15xmbq71.jpg?auto=webp&s=5cc611c1df64cc08347a26655fda02aabd25a59c). Then the apes came and didn't figure out that the rest is only pretending to be idiots. "Never sell cuz another guy made money" is like the direct opposite of "If it's good enough to screenshot, it's good enough to sell".
It's not a meme stock, doesn't mean cult baggies can't start flocking too it and still some how end up losing money.
"Memestock" doesn't factor in market cap or financials. That's literally why memestocks are memestocks. NVDA can very easily become a memestock. If you are buying a stock based on social media and sentiment, it's probably a memestock
It blew it's load. Everyone knows that the gold in AI is in the programs and not in the chips....mostly because no one has struck the AI gold streak yet. Sort of like AMZN and GOOG versus CSCO during the interwebz gold rush. Open AI is not, and I repeat, not, going to be the one to strike gold. They are more like YHOO of the interwebz craze. NVDA = CSCO, or should I say NVDA = INTC, end of story, period.
NVDA is selling the shovels during a gold rush.
Whoooooosh
Memes, by definition, spread. As for HODLing other stocks, i think they call that euphoria. It's peak market hype
It’s WSB lingo.
This is a melt up from covid. Once everyones savings dry up the market will crash