PIMPING STOCKS

[Patler]

I have had a ton of luck lately focusing on the stocks that I thought would benefit most from AI going forward. NVDA and AMD and CRWD have been huge winners for me. What I currently wrestle with is those three stocks, and I believe in all three of them still, oare way too big of a percentage of my self managed IRA.

I am pondeering NVDA's upside from there. It ran so fast so far but its hitting on all cylinders and I don't think I'd want to sell shares til it hits 150. But deep down, I know I should. I could sell some shares, to where I'd still have a pretty good balance, and it'd all be house money then.

What's so special about the last 10% you want from NVDA? Wouldn't it be better to sell some NVDA a bit short of your target and invest it in something you think has 20-50% upside potential?

As the saying goes, "You won't go broke selling at a profit."

It took me a while to get past the feelings of regret over selling stocks short of the ceilings they ultimately achieve, but I have. I now understand my goal is to continually make money, hopefully good money, ideally much better than market returns. It doesn't require that I make as much as possible from any one stock. It does require that I make good decisions on what I buy; acknowledge when I was wrong, and then sell my mistakes; lock in good, unexpectedly quick profits; avoid giving back significant portions of profits achieved and absolutely avoid turning winners into losers (which I have done, more than once.)

A biotech investor I followed recommended the following for investements in small, volatile biotech companies which can swing wildly on positive or negative news on drug studies:

• When a stock goes up 50%, sell 10% of the shares you own. It makes you feel good about yourself and frees up $ for another investment.
  
  When the stock goes up 100%, sell another 20% of the original number shares purchased.
  
  If the stock becomes a 200% winner, sell another 20% of the original number of shares purchased. At that point you will have gotten back your original investment plus a 10% profit, and still own half the shares originally purchased worth 3x what you paid for them. Even if disaster strikes and those 50% of the original shares become worthless, you still made 10% on the total investment.

I follow that quite closely for my volatile biotech stocks, and a version of it for my less volatile investments which I don't necessarily expect to have 2x or 3x returns. Taking some profits off the table as a stock goes up has served me well.

[Patler]

Patler, have you embraced AI/Crypto, any of the riskier fun stuff ? I've been reading about Flying Car Stocks as well

For me, biotech is "the riskier fun stuff"! "Risky" in that several times, virtually overnight, my investments in a few companies have become almost worthless. "Fun" in that I have had several 10x+ winners, and enough 2, 3 and 4x winners to make up for my loses in the "risky" part and keep me coming back to the well looking for more opportunities.

I've dabbled around the fringes of the crypto craze, but have not owned any crypto directly. For example, I have owned COIN and a few other things at various times. It's never been a significant investment for me. I don't feel that I understand the whole area well-enough to make good decisions about it, and it doesn't interest me enough at this time to really get into studying it. My interests remain in the biotech area.

AI, sure. I have bought and sold shares in many companies that will benefit from the AI story, and still own some. NVDA is my single largest investment just through some mutual funds I own, so I don't own any individual shares of NVDA at this time. One of my funds is and has been more than 25% invested into NVDA. Several others are 10% or more invested in NVDA. It adds up quickly, and I don't want too much relying on NVDA.

[Tony Oday]

Fuck Broadcom dude. Tore down a legacy-but-still-pretty-good American company.

I do not care at all to be honest. I want money enough to retire with a $200k a year for myself with no debt. I will never rely on SS that will be put into accounts for my future grand kids.

[call_me_ishmael]

You should definitely prune some off. Were you in on the TSLA gains recently? That was a nice 50% two months or so. Bitcoin is going to pop off soon. There is too much momentum there not to. It's a very attractive entry point. I'd buy more if I had more money.

Personally, I think PYPL is gonna run in the coming months. Fundamentals are too good.

All of Nvidia's biggest customers see that they make 80% margin and they have enough scale to make custom silicon. I think that is inevitable. Someone will crack CUDA. I bet Meta will open source there solution to it.

Then chips are a commodity. I still have like 70K of Nvidia but I have been pruning down as it rises. I'm happy with the 12x returns or whatever it's at, I don't need the roll the dice for 20x at risk of burning the 12x.

[Bretsky]

Starting in about 2015, I bought and sold Progenics Pharmaceuticals several times for a handsome profit. In 2017 I used my previous profits to increase my stake substantially when PGNX tanked unreasonably. I sold some when it climbed out, such that when all was said and done, I was already about $5K positive and owned about 2,000 shares of PGNX.

In 2019/2020, PGNX merged with LNTH. My PGNX stock was converted into 750 shares of LNTH and contingent value right shares tied to the successful marketing of Progenics approved prostate cancer specific imaging agent. LNTH was selling at about $14/share.

The imaging agent has been wildly successful, such that the CVRs paid out the maximum provided, about $2500 for me in 2023. At that point I had recovered all my costs in buying PGNX and had about $7500 profit. LNTH shares have had some ups and downs, but broke $100 yesterday following a Medicare announcement that they will cover costs of the imaging agents.

Yesterday I sold some LNTH shares at $105; today LNTH broke $120, and I am playing with house money.

Sure wish all my drug company investments went that well.

I have had a ton of luck lately focusing on the stocks that I thought would benefit most from AI going forward. NVDA and AMD and CRWD have been huge winners for me. What I currently wrestle with is those three stocks, and I believe in all three of them still, oare way too big of a percentage of my self managed IRA.

I am pondeering NVDA's upside from there. It ran so fast so far but its hitting on all cylinders and I don't think I'd want to sell shares til it hits 150. But deep down, I know I should. I could sell some shares, to where I'd still have a pretty good balance, and it'd all be house money then.

Patler, have you embraced AI/Crypto, any of the riskier fun stuff ? I've been reading about Flying Car Stocks as well

[Patler]

Starting in about 2015, I bought and sold Progenics Pharmaceuticals several times for a handsome profit. In 2017 I used my previous profits to increase my stake substantially when PGNX tanked unreasonably. I sold some when it climbed out, such that when all was said and done, I was already about $5K positive and owned about 2,000 shares of PGNX.

In 2019/2020, PGNX merged with LNTH. My PGNX stock was converted into 750 shares of LNTH and contingent value right shares tied to the successful marketing of Progenics approved prostate cancer specific imaging agent. LNTH was selling at about $14/share.

The imaging agent has been wildly successful, such that the CVRs paid out the maximum provided, about $2500 for me in 2023. At that point I had recovered all my costs in buying PGNX and had about $7500 profit. LNTH shares have had some ups and downs, but broke $100 yesterday following a Medicare announcement that they will cover costs of the imaging agents.

Yesterday I sold some LNTH shares at $105; today LNTH broke $120, and I am playing with house money.

Sure wish all my drug company investments went that well.

[Bretsky]

Fuck Broadcom dude. Tore down a legacy-but-still-pretty-good American company.

Fckin Paypal

[call_me_ishmael]

Fuck Broadcom dude. Tore down a legacy-but-still-pretty-good American company.

[Bretsky]

My advisor bout $20k of Broadcom a year ago I guess, just saw it on my statements.

CONGRATS !!! that is AWESOME !! What is he buying lately ?

[Tony Oday]

My advisor bout $20k of Broadcom a year ago I guess, just saw it on my statements.

[Bretsky]

Im going with Pelosi on every trade from now on.

I think I own 5 of the last 8 stocks she has apparently purchased

[Tony Oday]

Im going with Pelosi on every trade from now on.

[Bretsky]

ANYBODY follow or have views of CRISPR Therapeutics ? Let's see some stocks fallin so the deals come out.

[Bretsky]

PYPL is such a good value stock right now but holy fuck it is toxic and going nowhere. It will eventually turn around I imagine. I have a lot of it. Same with Sofi. I can't think of a single reason SOFI isn't 15$ a share right now. It's executing fantastically well.

I gotta get some CrowdStrike. Everyone says it's an incredibly well run company.

I personally use Datadog all the time and think it's an amazing product. I would work there if they allowed remote work because I think the product is so great.

Crowdstrike is fabulous and I got in pretty early. NVDA, AMD, and CRWD are my favorite I own.

[Tony Oday]

I thought it was 50k in shares! lol

I am probably just going to buy VOO and call it ok since I am 11 years from the house being paid and hitting my retirement goal.