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


To: Fast Eddie who wrote (56002)3/3/2024 11:25:03 AM
From: Trader J  Respond to of 56532
 
SMCI - Yeah, I missed out on it in the $100s and still kicking myself. Arguably, I'm kicking myself more (just as much) for unloading those 3/29 $740 Calls I just unloaded for a nice profit. They'd be screaming now ... but the volatility just makes it difficult. The older I get the more I relish keeping greed in check, taking the win and rolling most of the profits to my long term holds.

I do have a steadily building cash position and am not overly excited about many of the prospects. Waiting for a bit of a pullback in other names and perhaps adding to some of my income positions at the lower end of the weight structure.



To: Fast Eddie who wrote (56002)3/4/2024 9:09:10 AM
From: Fast Eddie1 Recommendation

Recommended By
Trader J

  Read Replies (1) | Respond to of 56532
 
Last month SMCI popped above $1000 and quickly retreated back below $800. Somehow I don't think that opportunity will be repeated this month, too many SPY funds needing to buy it. BWDIK