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On Nvidia. And A Lot Of Other Things.
Full disclosure: I own Nvidia outside of an index fund.
I bought it around $120.50 on January 27, 2
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This sell off is based on the Citrini report, which failed to adequately disclose whether or not they were short certain AI stocks at the time of publication.
I absolutely don’t trust that they are telling the truth about their bias to financially gain as a result of this sell off. Of course, I can’t be sure- just an opinion. However, I think that if they are short, and they didn’t disclose- it might be illegal? IDK.
Therefore, I am using this opportunity to sell some SPY and purchase more Broadcom and Nvidia. In my IRA, of course.
GLTA
I honestly think a large chunk of it was written w/ AI to prove a redundancy point. They knew how to game the market and did so successfully and it’ll be a long time, if ever, regulation catches up to exactly what AI is capable of doing to curtail legal enforcement of such acts in the future. Hell, the ironic part is that they’ll need AI to catch AI…which is part of the Anthropic suite that was being touted a day later.
The SEC has been trying to update the hedge fund disclosure rules for short sale reporting. Not surprisingly, the hedge funds are resisting! Hopefully, the SEC can get those rules changed soon.
Yesterday, I was annoyed- but I have learned how to take advantage of what happens after “short attacks” by going long with a temporary larger position for a period of time while the stock price recovers. 🙂
Empathize and identify with the clinical depression, and am truly sorry you are afflicted.
God I’d love to get a beer with you
(It can be non-alcoholic)