Nvidia stock keeps going up... should you take profits?
- Posted on November 06, 2021
- Editors Pick
- By admin
Nvidia stock has gone up a lot in the past few days and it approaching the I trillion-dollar market cap and this means a lot of people have made money from the stocks. Especially the option traders.
Nvidia stock was selling for $207 per share a month ago, but it has gone up so high that it reached $314 per share.
A $10,000 invested in Nvidia a month ago is now worth $15,169. With the stock going up at this rate, it is alarming because no direct reach linked to the company is making it go up. Although there was news that the company is expected to sell more chips than estimated. It’s not a reason for suck a fast run-up.
Regular stock traders have made a lot of money from NVIDIA and Stock options traders have done even better. Our suggestion right now is that you take profits and ride the house money if you want to.
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