I fail to see this as a reason to avoid dividend stocks — If that your point of pointing this out.
MO and PM are at multi year highs. I’ve been dripping them for 20 years.
I’m waaaay ahead. 
I never said one should avoid dividend stocks. Merely that some retail investors are under the misguided impression that a dividend is similar to an interest payment. That is the only point I’m trying to make.
So you’re doing what then? Just mansplaining?
Lol… what’s that mean? See my original response where it appeared that the poster may be under the misguided impression that dividends are free money. Do you have a problem with that?
Not at all. So, mansplaining. 
NVDA killed today. I’ll be looking at some mid-longer term NVDA $120C options tomorrow.
Bought a few NVDA shares after hours, expect to sell within a week.
Nvidia Gets DOJ Subpoena in Escalating Antitrust Probe
The US Justice Department sent subpoenas to Nvidia Corp. and other companies as it seeks evidence that the chipmaker violated antitrust laws, an escalation of its investigation into the dominant provider of AI processors.
What sort of entry / exit criteria you looking at, and what sort of returns you aiming for when do swing trades? I think you said you don’t do options? The rub with swing trades with higher cap stocks, for me, is how much am I aiming to put into it to get what return? For every 100 shares of NVDA at $100, you’re paying $10k - what makes that worthwhile over a week? If it runs up $10, you’re only making $1k. Good returns, but for a swing trade, I’m looking for more than 10% - it’s a good starting baseline, but then I’d be, at minimum, looking to couple with options to get called out and collect the premium to exit. For that same $10k, I’m in for 10 lots (1000 shares) of NVDA Nov 15 (running up to the next earnings) $110C.
We’ll find out in a week’s time.
Meanwhile, Palantir and Dell will be active Monday on news that the two AI tech plays will join the S&P 500 index before the open on Sept. 23, along with insurance broker Erie Indemnity (ERIE). Palantir stock and Dell jumped Friday night, with the former trading near three-year highs.
Noice!
Did no one else get in on PLTR? Up14% on the S&P 500 news.
I’m up 101% in one account and combined with what I have in my Roth, up 77%.
Also, I got my monthly newsletter which recommended BP, and I see news that PLTR is working with them now too.
BP will use Palantir’s AI software to improve the decision-making process across the company:
“You can think of their business as a complete connected value chain, from reservoirs underground, up through their facilities, onshore or offshore, all the way to a refining or processing facility, all the way to an end customer. And so what they use our software for is all of the decisions along that chain. That’s a complicated chain, and you can think of each decision you make along the way actually changes the decisions you can make downstream… What’s new with this extension is layering AI on top of that underlying digital twin model of the entire business.”
He adds that Palantir’s technology will be able to connect decision-makers from all different disciplines and run simulations based on questions asked. “if you’re a reservoir engineer and you’re paying attention to what that subsurface reservoir is like, that’s much different than sort of an operations or a base management engineer thinking of, ‘How could I change the performance of this facility?’ But this gives you one pane of glass to look at and collaborate over that.”
I’m up 50% on Palantir and made 67 bucks on paper.
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The t-shirt is even better.
I picked up 1000 shares at $17. Sold a few at $29. I’m betting they’re back below 30 shortly (sold covered calls at $34 today). Wouldn’t be shocked if they’re back at $25-27 before year end.
Edit: cost basis at $17.19 in Nov. Which is an odd ball number for me to buy at - probably exercised a call or put during This conversation . At 700 shares currently.
.
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Man, I really should follow your trades. Most of the time I take profits too early. It’s no wonder you have such outsized returns. I bought Palantir around $17 and sold it a few months ago at around $23. I think I jumped into Nvidia too late.
Is your background in finance or were you in a similar industry?
It’s all good until it’s not. Look back at my comments on COIN. ;D
Nope. And remember, finance guys don’t generally make their money from having good returns in the market. ;D Read, follow, try, take your lumps and learn. And still fail a lot. ;D
All that and PLTR is still a bit of a flyer - this has really been a dog of a business that’s just turned profitable, but (IMO) the stock is flying on AI hype. I don’t think most people in this stock has a good idea of what this company does. Best I can tell, they’re mostly a general business data backend company (hence the lousy performance over the years), but now they’re claiming “AI!” and people are like “yeah!” When I read about their gov’t contract wins I roll my eyes at the scale of the contracts - they’re a big bunch of baby contracts for a company of their market cap. Like I said, a bit of a flyer. ;D
There’s nothing wrong with taking profits.
I used to be happy with “taking a day’s pay, or a week’s, and sometimes a month’s pay” off the table after a day or week or so. It’s fun.
But those gains usually went into a safer dividend stock. The point is to build wealth, not beat the market or find the next whatever.
I thought about trading options, and read up on it – then one day I had to call TD Ameritrade for something and ended up talking to a guy who said, “Just don’t.”
Get a job, live close to it, take staycations, be frugal and invest wisely. If you don’t wanna pick winners, use an index or a mutual fund. The absolutely MOST important part of all that is get a good job and live your life.
Don’t focus on the money you woulda shoulda coulda made on NVDA, TSLA, GOOG and all the other hockey stick companies I owned a decade ago that I sold for a few hundred bucks. lol The money I didn’t make was never mine, so who cares?
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