Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 206.88

+2.2%

Nov 3 9:30 AM EST

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To: Trader J who wrote (56457)	8/30/2024 12:01:38 PM
From: Trader J	of 56532

Cash/Position Update: I now have about a 10% cash position which is as large as I can remember in the last couple of years. I still have an open position trade of CLF that will/would take cash to just over 11%. I'm also remaining overweight in NVDA for the time being though would like to come down maybe 1-2% in the next couple of weeks, while remaining overweight and as my top position. Have been considering trimming ABBV and JPM but both have been solid and are good income earners. BRK/B is still my second largest position and rising. AMZN is at #3 in weight followed by ABBV. I will be looking to add to positions with the raised cash while waiting for good position trade opportunities. Positions I'm most likely to add to in the coming week or two are: AMD MRVL QCOM ULTA LYB I'm waiting on MU and ARM before adding more as it's getting more fully weighted and I don't want to be too quick. Positions on the ropes continues to be DKNG and SNOW. Still holding and no immediate plans to sell but both are starting to smell. I've been most disappointed in SNOW. Just not a ton of stocks from my screen that I'm excited about at current valuations. I'll be looking to identify other names that seem intriguing either based upon income opportunity or as a long term hold. Have a great long weekend for those of you still in the workforce. If retired, stay indoors ... long weekends are like the move The Purge for us. LOL J

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