Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 188.23

+0.1%

Nov 7 9:30 AM EST

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From: Trader J	7/11/2024 10:05:44 AM
	of 56532

TRADE: NVDA - Sold another 8% of my NVDA holding at $134.03. The weight in the account is now down to 7.63%. Bears saying that NVDA couldn't run further when it was at split adjusted $80-$90 were incorrect and my longer term thesis was for split-adjusted $125-$140 when it was trading back at $750-800. But my goal was a best case scenario for the end of 2024 if NVDA could follow thru with earnings and remain the top retail focus stock. Both have occurred and it's just smart to continue to reduce the position back to a weight of no more than 5%-6%, which is my "best idea" max weight. At the same time, as we enter another earnings season, there's reason to believe that it could keep rising into this new powerful bull market. But I will continue to reduce another 25% or so if it does continue to rise.

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