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Strategies & Market Trends : Trader J's Inner Circle
NVDA 199.04+5.7%3:59 PM EST
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To: Trader J who wrote (56159)5/8/2024 4:38:57 PM
From: Trader J2 Recommendations

Recommended By
apatel1
Lou Weed

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I don't do this often but I'm going to pound the table on WYNN here for a position trade. I think it can be bought here, though I would wait until tomorrow's action to see if there is any follow through to the downside. I think this name represents a great intermediate term position trade. I'd take a 33% to 50% position, leaving room for 2-3 additional buys on any weakness.

I don't pound my fist often for position trades but have on CLF at $14, NEM at $30 (miners), financials (JPM, GS, BX, MS) in late 2022, IBM ($120s) and light pounding on AMGN, CRM ($130s)and QCOM ($105), etc. I think you have 15%-20% upside in the near term.
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