I thought the stock was over priced when I bought more at $62.
If you just want portfolio insurance against a WTC event or major market selloff you can use puts or stops. If you ABSOLUTELY believe the stock is going to pull back into the 80's and then rebound trade on that belief, get some puts, go short, sell your stock, buy it back at $80.
Good Luck,
....growth stocks can appear to be over priced and most are at some point.Growth stocks grow into their valuations.
I discovered NVIDIA because I bought a laptop and on that laptop there are 3 stickers. An Intel, Nvidia and Microsoft. Why can't Nvidia become as large as those two? If you believe Nvidia can be as big as those two hold and stop worrying about this stocks gyrations. This stock will continue to increase in value over the next several years AND it will have it's gyrations but it looks like it will climb on a very steep angle. Think about how many GPU chips are going to be needed to run all the new technology that is emerging. Emerging disruptive technologies. Nvidia is in the sweet spot for ALL of them. Auto, AI, VR, Data Center, IOT, gaming, Deep Learning, eSports etc...just think about what is going to be needed. These technologies require graphics processing power. Tesla just adopted NVDA Drive PX and the stock took off. Elon Musk knows technology and they have adopted Nvidia technology. Who's next? Mercedes, Lexus, BMW, Audi? Nvidia is in the drivers seat as far as auto sector. Self driving technology requires each car to have AI, deep learning mini graphics super computer the Drive PX and it's many successors. Nvidia is the clear leader in many emerging disruptive technologies. If you believe in the story then just relax and be patient and plan on holding this for the next 3-5-10 years and see how the story plays out. With technology stocks buy and wait and see what happens. This is early innings for Nvidia and its stock. This run is just getting started. $100 isn't expensive if it goes to $1000.
Good luck.