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Strategies & Market Trends : Trader J's Inner Circle
NVDA 183.26+1.3%3:28 PM EST

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To: Trader J who wrote (52409)3/17/2020 5:23:56 PM
From: Trader J  Read Replies (1) of 56535
 
TRADE: BA at $116.80. It's a 25% allocation meaning that I'm leaving myself room to add three more equally sized positions. I normally like to reserve the last position out and reserved for unexpected swings higher or lower.

It was my only trade of the day though I did sniff around BRK/B, ROKU, NVDA, ABBV, TTD and a few others. Just a bit too soon to get too speculative.

My big miss has been ADS and I will need to average in more when the dust settles. While I like the company and think it represents a massive bargain the market clearly doesn't like something and I'm assuming it's debt load, which is certain to be refinanced. Other than that, I can't find much to suggest why it has been impacted like it has.

TCPC is a favorite div play of mine and it has been crushed, making for a nice tax loss sell if desired. Doing nothing yet.

But other than BA, I sat on my hands not rushing into purchasing this bounce. Talking heads are trying to get others to sell throwing further S&P declines around with passion.

Waiting and watching.

Cheers all

TJ
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