Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 183.66

-2.4%

9:57 AM EST

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To: Trader J who wrote (56399)	8/7/2024 11:36:16 AM
From: Trader J	Read Replies (1) of 56532

TRADE: Initiated new position in ULTA at $329. A name I've been watching for a few years now. Missed it below $200 in 2020, watched it race from $380 to almost $600 twice, falling back to $380 both times. Break of $380 support into this poor market and softening consumer has taken it down to here. Good valuation in the 12s. No dividend. Low float (47M). First of up to three positions. Long term hold and hoping to see maybe one more washout below current long term support here.

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