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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (55997)	3/2/2024 10:25:44 AM
From: Trader J	Read Replies (1) \| Respond to of 56532

TRADE (AH 3/1): I was thinking of adding to my SMCI position on Friday but was cautious of doing so in yet another AI run-up. But the S&P inclusion news hit after hours (AH) and forced my hand. I added another leg to my SMCI position at $1,120. That will push my average price to about $900. I have room for other additions but probably won't be taking my next leg until one of two things occurs: 1) Cash is raised from any other short-term profitable trade 2) A material decrease in share price - And this comes down to the reason for the decrease. If it's just market movement without catalyst, it may present a good opportunity. If it's a change in story, that will require more analysis.