Trade Alert: Locking in some 400% gains on Nvidia
Nvidia, now up 5-fold since we bought it fifteen months ago as “New pick for the AI, VR and SmartCar Revolutions,” is yet another example of why we hunt for Revolutionary companies to get into before the rest of Wall Street does.
Back when Nvidia was in the $60s or so, I started talking about how it could eventually have a market cap measured in hundreds of billions of dollars. It took less time to get there than I thought it would, but Nvidia does now indeed have a market cap measured in hundreds of billions of dollars.
Indeed, in the fifteen months that we’ve owned Nvidia since I sent out “Trade Alert: New pick for the AI, VR and SmartCar Revolutions“, the company’s market cap has gone from $17 billion to more than $100 billion today as the stock has gone from $31 to $163.
I’m going to trim 10-15% of my Nvidia today, locking in some 400% gains after 15 months. I’ll still have a nice-sized position in it, obviously, but want to sell a little bit into this parabolic move.
