by Anura Guruge
on April 19, 204
I am an Options TRADER, but a stock INVESTOR.
Huge difference. I don’t trade stock. I buy and hold … & hold … & hold.
I am very selective about what stock I buy. I have a theme. Yes, it is MAINLY TECH (and SEMIs within that).
Yes, it is POSSIBLE that ALL of TECH could go down another 20% in the next month. I appreciate that. That is OK with I. SMILE.
I know that they will ALL be up 20% in a year. SMILE. If, not … then in two years. Joys of long term investing.
by Anura Guruge
on March 20, 2024
You, obviously, should have. SMILE.
Did YOU (really) think that NVDA will go down RIGHT in midst of their ‘Developer Conference’ when they were making all sorts of groundbreaking announcements?
As you can see I have been ADDING to my NVDA stake ALL year. I had to (alas) sell some NVDA in mid-February due to an call option play. I had owned that tranche of NVDA for over 8 years. So, it wasn’t too painful to let them go. I just had to build BACK my position. And I have been doing that. I have NVDA in three accounts — my main, my (SEP-)IRA and in my youngest daughters account. She has made out like a bandit.
I have been in SEMIS for over 12-years — with NVDA my bedrock holding.
I have been ramping up on SEMIs over the last 12 months. I am doing OK.
SMILE.
I like SEMIs. I started buying NVDA years ago because I was a big fan of their video cards & had been using them for over 22 years.
Buy SEMIs (though it is kind of getting late).
by Anura Guruge
on February 7, 2024
I was BULLISH on ARM from the start. I was familiar with ARM. I knew it would do well.
I did NOT believe the naysayers — including ‘Jim Cramer‘. I know the SEMI business. I have been in SEMIs for 12+ years. SMILE.
I buy SEMIs whenever I can. I bought semis last week, & earlier this week, ON THE DIP. SMILE. I LOVE SEMIs. SMILE.
I told YOU folks to BUY ARM. So don’t blame me. Here is my PROOF that I told YOU to buy ARM.
In late September I spoke with a Financial Advisor — socially. He had never heard of ARM. That is why I avoid Financial Advisors. AMILE.
by Anura Guruge
on January 31, 2024
I have absolutely NO FEARS that NVDA, AVGO, ARM, AMD & TSM will be higher in 3-months than they are today. Other than TSM, which I only started dabbling in recently, I have owned NVDA & AVGO for YEARS — NVDA close to a decade! SMILE.
I bought into ARM, within weeks of the IPO, close to the IPO price. I, alas, did NOT get an IPO allocation though I tried.
I decided to DIVERSIFY a few months ago by buying some AMD. Yes, that is how I diversify. I buy MORE Semi stock — just new companies (to I) like ARM, AMD & TSM.
I know semiconductor stock. I understand the SEMI business. I only invests in things I understand (& usually use).
Oh, I am NOT all in Semis. I own more AMZN than anything else. Smile.
by Anura Guruge
on January 19, 2024
I am BULLISH on these stocks. I was a BELIEVER in ARM from DAY ONE. Bought ARM as soon as the price got to around $51, i.e., the IPO price. So, IF I hot the $100 — & I most likely will continue to ROLL FORWARD as is my wont — I would have doubled my investment. SMILE.
I told YOU folks to BUY ARM. So don’t blame me. Here is my PROOF.
I know semiconductor stock. SMILE.
I say that as someone who has owned NVDA for a very long time & AVGO, off and on, for nearly as long. I currently also own AVGO.
For years people told me I was CRAZY. That I am. Said I was not diversified. All in tech. I used to say, that is ALL I KNOW. I know tech. I understand tech. So, I am buying and staying with tech. SMILE.
In late September I spoke with a Financial Advisor — socially. He had never heard of ARM. That is why I avoid Financial Advisors. AMILE.
by Anura Guruge
on January 3, 2024.
I see all sorts of ‘pumpers & dumpers’ talking CRAZY stuff about 2024 stock splits — such as AMZN, NVDA, GOOG. None of those are likely to split in 2024. They all had splits in the last 2-years & their prices haven’t gone up that much. [I do OWN all three, & have for many, many, many YEARS. SMILE.]
‘Broadcom’, on the other hand, hasn’t split since 2006! They used to split quite regularly. Three times between 1999 & 2006. But, then they were acquired by ‘AVGO’ — & it appears that AVGO management does NOT believe in stock splits. Nothing that says they have to split. So, AVGO could go onto become a $2,000 or $3,000. I am OK with that. Yes, I own AVGO. I would like to own more, but at $1,000 it is an EXPENSIVE stock.
I like semis. Always. I understand semis. I only invest in stocks I understand.
I first bought Broadcom nearly a decade ago. Had a GREAT ride with them. They pay very handsome dividends. Then I had to (alas) SELL because I had become too greedy with my option calls. I wasn’t that upset. I had had a lovely run.
I then went for about 2-years without owning any. They were, of course, a tad expensive.
But, I missed owning AVGO & I knew they will continue to do well.
So, last year I started buying AVGO again. SMILE.
I now have, in terms of semis, NVDA, AVGO, ARM & AMD. Smile. I am comfortable with that position.
by Anura Guruge
on December 4, 2023
I like semis. Always. I understand semis. I only invest in stocks I understand.
I first bought Broadcom nearly a decade ago. Had a GREAT ride with them. They pay very handsome dividends. Then I had to (alas) SELL because I had become too greedy with my option calls. I wasn’t that upset. I had had a lovely run.
I then went for about 2-years without owning any. They were, of course, a tad expensive.
But, I missed owning AVGO & I knew they will continue to do well.
So, last year I started buying AVGO again. SMILE.
As some of you know, I (& my kids) have owned NVDA for AGES. SMILE. We have done OK with NVDA.
I now have, in terms of semis, NVDA, AVGO, ARM & AMD. Smile. I am comfortable with that position.
by Anura Guruge
on October 16, 2023
SMILE. Couldn’t lose. SMILE. Got a nice premium today.
IF NVDA shoots up after earnings I am still good. Plenty of runway left.
IF it slumps, I roll it back & make more money.
I am NOT new into NVDA like so many others. I have owned NVDA for many, many years. SMILE.
by Anura Guruge
on August 2, 2023
There has to be a mechanism whereby they can be held ACCOUNTABLE. This was totally irresponsible & utterly reprehensible. There was NO need for this — currently.
This was shouting ‘FIRE’ in a crowded theater. Yes, they caused the markets to stampede — to the exits. That, to be honest, is NOT my gripe. Like all good investors, & especially option traders, I like a GOOD DOWN DAY. I bought more NVDA & made a few (more) bucks rolling options. But, people, decent people, lost a lot of money today — & some would have panicked.
This was, as some eagerly pointed out this morning on CNBC, nothing but Fitch trying to get 15-minutes of ‘glory’. Shameless. Pathetic company.
There has to be a way that they can be punished for this irresponsible act.
by Anura Guruge
on June 21, 2023
Click images to ENLARGE.
It was totally serendipitous. We went to ‘Fort McClary‘, one of our frequent ‘not-too-far‘, destinations for “Father’s Day” (this last Sunday).
We saw the sign even as we were driving to park. I was excited & I had good reason to be. I HAD A BALL. My kind of people. Great. Great. Great — even the French! {Smile}
They were super friendly & informative. I learnt, to my delight, that clogs were NOT restricted to the Dutch. Fancy that. All my time in Europe & I never knew that. I even learnt that they are called ‘Sabot’ in French & that is how we get the word ‘sabotage’! During the Industrial Revolution displaced, disgruntled peasants threw sabots at the machinery hoping to clog them up. Sabotage! Neat.
The couple playing the fife & drum were excellent.
I really enjoyed interacting with them. Quite the Father’s Day present. Thank YOU.