fwb
3 days ago
SoundHound AI Gains Momentum with Nvidia Collaboration, Wedbush Raises Price Target
The Nvidia cooperation changed SoundHound's advantage speech generative AI technology, claims Wedbush analysts. This method disables cloud connection, therefore improving the speed and efficiency of programs.
At CES 2025 SoundHound will introduce its voice commerce environment, therefore attaining a significant turning point in e-commerce.
SoundHound has been driven forward by wise financial management and increasing income.
The company's aggressive M&A approach which includes purchases of Amelia, SYNQ3, and Allset has extended its restaurant and automotive offerings. These steps equip the company for the expansion in corporate artificial intelligence spending, according to the analyst note.
fung_derf
3 days ago
Well following me would be your first good decision I've read.
So, just a couple days removed from my original point, the stock is down 25% from its high, and lower than where I sold my last 1000 shares.
Are you still feeling cocky?
I'm "suggesting" how to trade for the long term, not a couple of weeks. Sadly, the market has taken a turn lately, but even though I hold a large portfolio, I'm sure glad I have freed up some cash, and locked in gains.
Since you're following me, you should be reading my board.
fung_derf
5 days ago
Stop losses are terrible. Can't tell ya how often I've seen a market maker drop down to stop you out then go right back up. What is it they say, "stop losses will stop profits".
Geez, I own over 80 stocks currently. Can't imagine if I had to keep moving limit orders up and down.
I don't know how much you have invested, but I have many millions. This stock was never going to crack my top 10 holdings.
Now, when $KO starts to fall, I pay attention.
My only investing regret was selling my percentage in a baseball team right before they made the World Series....now THAT, will stay with ya.
fung_derf
5 days ago
You are looking at things all backwards. I sell some and look for something else undervalued. When you regret selling, you hold losers.
This stock doesn't have any EARNINGS....and isn't projected to for years.
I can't worry about money left on the table in every stock or investment.
I can see you aren't going to grasp it, but just a quick example from a personal experience...
I was buying a new house and selling my old one. The housing market had already heated up somewhat and my realtor was telling me to hold out for a bit more. Instead, I sold it through Open Door (no, this isn't a commercial for Open Door). They paid me cash and told me not to repair anything. I took the money, put it into 5 different tech stocks and made enough in 4 months to pay cash for the new house. Yes, I didn't make as much on the house sale, but I made far more elsewhere.
Investing isn't a game to me, this is how I make my living.
Don't fall in love with your stocks, they aren't your children. If this goes higher, I still have 4000 shares with no cost basis.
Now, I'm done trying to teach investing to you. It's exhausting and better time spent elsewhere.
fung_derf
5 days ago
Perhaps.
On the other hand, this is a pretty new industry and no telling who a leader may become.
I bought 9000 shares at $6.56. I've sold 4000 shares at $13.75 and another 1000 at $19.13. It's easy enough to look back at the big winners and wish you hadn't, but with that strategy there are enough of the stocks that rose then fell and you'd wish you had.
I've always said, "the difficulty in investing is not knowing when to buy, it's knowing when to sell". I don't get greedy and I don't have all my eggs in one basket. This was not a big investment for me, its just one that has done very well in a short time.
I can't even fathom why a few of you would give me grief for recommending taking some profit?
fung_derf
5 days ago
Not sure I get your point. Amazon has reinvented themselves many times, but not every company is Amazon obviously.
This stock has broken through $20 this week and that's a good sign. I never said to sell and move on, I always advise taking out your cost basis on high wheeling stocks.
If you are a bottom fisher, you're going to lose far more than win. No one ever talks about those bottom fishing plays that kept going down.
AMZN and NVDA now have earnings.
Sell, don't sell. I don't care. But last time I checked, this was an investment website and I'm giving my thoughts on investing. What do I know? I've only learned to live on my investing for the last 30 years through quality stocks.