Trader J's Inner Circle Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trader J's Inner Circle

NVDA 188.23

+0.1%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

Sonali

From: Trader J	7/3/2024 11:50:17 AM
	1 Recommendation of 56532

SNOW: Now up 15% in very short order. Insiders have been purchasing, including the CEO but there has to be other forces moving the stock. Could be simply hedge funds getting back in after it based at $125 as an underappreciated and downtrodden period when then fell about 50% into earnings/performance that wasn't bad at all. Slootman resignation shook the stock last quarter. My guess is hedge funds into what is perceived to be one of the best AI data plays. But competition from others is present and SNOW's valuation isn't exactly lean. Still holding long shares that remain underwater but my 2026 $150 leaps are about even. Should have added another leg to the position at $125 but was uncomfortable with the price performance.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next