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<\/p>\nThey’re only electrons. Passing blips. They give pleasure.\u00a0 They give hellish angst — what I suffered over the weekend.<\/p>\n
My biggest love cratered 10% on Friday.<\/p>\n
<\/p>\n
An explanation? I eyed the headlines:<\/p>\n
+ Nvidia is Down 10%. Is This the Beginning of the End? In other words, the learned talking heads had no freakin’ clue why NVDA plummeted 10% in one day.<\/p>\n My friend (and Cramer) argued that parabolic moves up (like Nvidia has had) always come a-cropping.<\/p>\n It wasn’t going to $1200, like many street analysts predicted. It was going to $500.<\/p>\n One mature (i.e. old) fellow argued Nvidia was “pausing.”<\/p>\n Reality: Maybe a big Nvidia shareholder with a short fuse had opted to sell his gargantuan holdings and the quant funds had latched onto a predictable course south — until close of business last Friday.<\/p>\n What do I know about Nvidia?<\/p>\n + Everybody and their uncle wants what they make, and more. Last time I sold on a Nvidia parabola, I was proved famously an idiot and had to buy back my entire position (and more) in following days at higher prices.<\/p>\n This time I didn’t sell.<\/p>\n The good news that this morning (Monday), despite all the conniptions and agitas of the last week and weekend, today I’m still up 68% on my Nvidia. Which, not surprisingly, is better than a slap in the belly with a cold fish.<\/p>\n I do have coping mechanisms:<\/p>\n + Foremost, this Taylor Swift advice to all her young fans whose doomed romances have given them a heavy doze of Nvidia agita.<\/p>\n
\n+ Nvidia drops 10% as investors see risk in Big Tech shares
\n+ Nvidia, AI Stocks Catch A Cold After Super Micro Computer (SMCI) Sneezes
\n+ Nvidia stock crash coincides with the release of “The Tortured Poets<\/em>” album from Taylor Swift<\/p>\n
\n+ Nvidia is constrained by what it can pump out their door — not by the demand for its magnificent chips., which (to use Bezos’s term) is unconstrained.
\n+ I’m guessing all the new chip companies like Google, Amazon, Meta are making bargaining chips, more than real chips. You don’t get into Nvidia’s biz overnight.<\/p>\n