CSCO, synonymous with the Internet. Year 2000 darling. The internet was wild west, the future. It did become the future, and is everywhere in our life today. If you bought CSCO at 82 it during the hype in March 2000, you would still be a bag holder 23 years later.
NVDA chart looks almost identical to the CSCO chart of March 2000. I am not saying that it does not have good potential, but as a long portfolio holder I try my best not to buy high and sell low. Whether AI is another internet bubble remains to be seen, so I wait for better setups.
CSCO is a fine company with excellent metrics, 8.8 percent free cash flow yield is an indicator of a good bargain now. Today I would look at it as a long, but have not developed an entry strategy yet.
If you recently bought long NVDA, good luck. Scalping is another issue altogether.
NVDA chart looks almost identical to the CSCO chart of March 2000. I am not saying that it does not have good potential, but as a long portfolio holder I try my best not to buy high and sell low. Whether AI is another internet bubble remains to be seen, so I wait for better setups.
CSCO is a fine company with excellent metrics, 8.8 percent free cash flow yield is an indicator of a good bargain now. Today I would look at it as a long, but have not developed an entry strategy yet.
If you recently bought long NVDA, good luck. Scalping is another issue altogether.