The news is you're an idiot! You've been the biggest cheerleader for CGA, now you're #$%$ and moaning about "rewards".
Nothing's changed. The company, real or not, has been attacked by a short cabal who won't stop until CGA goes under and shareholders lose everything. If this indeed just a scam, then they're all in on it, pointing the finger at one another...the crooked Chinese, the crooked short cabal actiing upon illegally begotten information, the brokers who sell shares to the public.
Have to start building a position here....it has been unjustly crushed after the Staples merger fell through. Office Depot has the potential to turn around, become quite profitable, and the shares would be back in double digits in no time. Have a limit order in at $3.55....looks like they teased and started it back up. Not the first time I missed a bottom or top by a penny or two.
I'm already into long-term gain territory, so I just took some off the table at $40.90. After 2 sells, I'm playing with house money now and can let the rest ride into the sunset. I do expect some ups and downs and would not mind going back ALL IN if it corrects a little. For now, I'm happy to bank 125% profit on a boatload with 1/2 still riding the wave.
bite it...still might come! Now it might take $50 to even move the needle. It's all good, bro. I bought a boatloat at $18, sitting on 125% gain with divvies.
loved the buyback in the $20s...don't like it as much now and would rather than put that cash to use elsewhere...pay down long-term debt, or up the divvy substantively. Not a deal breaker, but I think the bang for the buck is diminishing as it rockets up. They made some great buys down low...now it's time to reallocate some or all of that going forward.
Few companies at this scale have the pricing power of Nvidia. The move from the teens to $40 has been furious. Can this sustain the $40s and beyond without a pullback? Hard to say, but the future is bright. No need to try to scalp a few bucks and doubling your cost basis in the process. I'll sell once the run is over. Big things ahead for the next 3-4 quarters.
great post. Most analysts are overpaid puppets whose "recommendations" suit the banks' needs...not public investors! Remember when Goldman said to Sell NVDA at $22-$23 and called for an $18 price tag? Yeah, that was less than a year or two ago. Hacks. When they start pumping it in the $40, $50s and $60s, then it's time to sell.