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


To: Brahmsnliszt who wrote (56000)3/3/2024 10:23:16 AM
From: Trader J  Read Replies (3) | Respond to of 56532
 
Welcome, always happy to see a new name. This thread has been around a LONG time now and as markets go up and down, so do the participants here. It used to be in the top five of threads back in the day. So many traders got washed out in the .com bubble and never recovered. I've considered moving the thread to another site and starting over but there's so much history here and I like revisiting old trades, etc. I'll just be here doing what I do, listing every investment/trade and trying to build a community of like-minded individuals looking to make money via objective information and a willingness to share.

As to SMCI, I can't shake the fact that I love what they're doing, the valuation and the trajectory. Plenty of red flags and potential downside and that is keeping me from overweighting the position. I'm still building it and willing to add another few legs to the position but I won't be rushing into further entries. I would much prefer to see a split and then readjust.

The small float into the S&P addition and current short ratio could make next week quite interesting. Volatile? Certainly. Not sure where it settles but I have a hard time it would be lower than $1,000. I did have to chase it a bit AH last Friday but I am dealing with smaller share counts so I felt the additional $ for the trade was justified. I'm pretty content to just let this position play out and if I see a good entry for calls, to build a position for a trade.

Again, welcome to thread and hope to see you post more often. Don't be afraid to bring other objective, like-minded, high values (morals/ethics) folks.

J