r/wallstreetbets 1d ago

Buying the RGTI Dip? Stop. Think. Discussion

People hyping up the dip on RGTI seem to be ignoring the elephant in the room: a single, casual comment about quantum computing from a tech CEO wiped out 50% of RGTI's share price overnight. Let that sink in for a second... half the market cap gone, not because of earnings, not because of product failures, but because of words.

Now ask yourself: what does that say about what was propping up the $18+ price? Spoiler: It wasn’t the underlying financials or fundamentals.

So why are you buying back in? Are you seriously betting that Jensen walks back his comment? Or are you hoping another big-name CEO decides to contradict him just to boost this stock? Because that's a pretty wild gamble when you think about it.

This isn’t about a calculated investment anymore... it’s about FOMO and denial. Some of you don’t seem to want your money. Just remember, markets can stay irrational a lot longer than your wallet can.

TL;DR: Be real with yourself before buying the RGTI dip. Is this a strategic play, or are you just coping?

Edit#1 for clarification:

Clearly a divisive topic. Appreciate you all engaging and thanks for the award.

I’m seeing a lot of replies suggesting I’m bearish on quantum’s long-term potential. For clarity, I’m not. My point is that even at this dip, RGTI’s price doesn’t reflect its fundamentals or actual progress. If you believe in RGTI’s future, that’s fine... but why not wait for a price that matches its current reality?

If your plan is to time and profit off a dead cat bounce, great. Just be clear on your strategy.

Edit#2 for context some are missing:

For the multitude of comments claiming this was a ploy by Jensen to slow-roll Quantum investments... under Huang's leadership, NVIDIA has established strategic partnerships with multiple quantum computing entities, contributing significantly to the progress of quantum technologies through its high-performance computing solutions. He has skin in the game.

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u/ImpossibleWar3757 1d ago

No. Don’t buy the dip. This isn’t the dip….. yet….. Close your covered calls out at a huge profit and continue to sell covered calls to make your shares free….. eliminate the risk. Gradually sell covered calls.
If it pans out long term. Good you’re now a millionaire.

If it tanks over the next couple years as it burns through cash reserves unable to compete with its quantum big brothers….. you’ve made money on selling covered calls and your worthless shares were free anyways

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u/Mockingburdz 1d ago

Hard to make good money selling CC’s when the share price keeps going down. Your premiums will be garbageio.

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u/ImpossibleWar3757 1d ago

Even better….. implied volatility is through the roof….. making them more valuable than they should be.
The only reason you should be concerned about the price of the underlying is if your covered calls are at risk of being assigned I forgot this is Wall Street bets. Everybody looking for that lottery winner

My point is one is never intending to vacate the position no matter what and the best way to make money while holding the position is to sell covered calls Roll the positions when necessary

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u/Mockingburdz 1d ago

Ya, that’s a good point. But IV could fall off faster than you want it to. If there’s no volume after the dump it won’t take long.