SMCI... ouch I knew something was up when I saw the email "your buy order was executed at $34.72"....slightly under the $44 order
Yeah wiped out all my gains bleh ... oh well. It'll either go back to boom or completely bust. At least google is propping my portfolio up today.
Haven’t noticed you guys talking about this one, but when the accounting firm quits, you know there are some major issues.
Posted something about venture capital firms in the YT thread that might be of value. I finally realize how these venture capital firms actually work. I suspected there was some bullshit involved but now I know for sure lol. This explains how a number of these compaines that will never be profitable still end up on the stock exchange.
I'm only 45% down overall on it... this is what we call a "buying opportunity". As long as NVDA keeps the AI train rolling SMCI will be fine.
ok- the boredom level is high today, so I tried to watch that vid you posted about quantum computing... made it almost 2 minutes. The monotone headmistress was not doing it for me.
Quantum computing will be a reality right after the first fusion reactor goes into service. Yes, we have it. Is it providing anything worth the hassle and expense to build it currently. Not really.
I skipped to the end and tried to get the point about venture capitalists, but that must have been somewhere in the middle. Wanna give me Cliffs notes or your takeaway? And why I should care about what and why venture capital firms do what they do? I mean, new companies need $$ and a lot of them burn thru cash for years before being profitable- these firms are kind of a necessary evil.
I'm too poor to be too careful... but seriously- don't worry, I spread my eggs into a lot of baskets.
It's shinin'!! If you really want to catch a falling knife, I still firmly expect that this is a good one to catch.
In my mind, I still have bloody hands from 24 years ago. I think some of my fingers had to be surgically reattached. It’s just to painful to relive that 7 figure loss.
Yep. That is when I quit investing in any individual stocks, shorting stocks, buying on margin, and all the other stupid stock gambling that was going on during the tech boom. I've mentioned it before, but I made a bunch and then lost all of it. I actually put the biggest commission check I ever earned, 160K, straight into the stock market and lost all of it during that timeframe. I only bought mutual funds after that, until here in the last couple years. I even sold the BABA and AMZN I had for awhile and moved back into the S&P 500. I had carry forward losses since around 2000 and finally got to use them when I sold our commercial building a few years back. It had been so long, the IRS wanted to deny the losses, unless I had proof. I had all that proof then, but as instructed, got rid of old tax records after 7-10 years. Anyway, the IRS allowed them against the building profit, which was what they should have done anyway. The carry forward losses are only allowed at 3k a year, if I remember correctly, which is BS if you ask me. Because, they surely will tax 100% of the gains, but losses can only go against gains and then an additional 3k.