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

To: Trader J who wrote (56222)	6/12/2024 11:11:36 PM
From: Trader J	1 Recommendation Recommended By Sonali Read Replies (1) \| Respond to of 56532

AVGO: Smashed earnings, raised guidance, announced a 10:1 stock split. It's the holy trinity of AI these days. Up $220 AH. AVGO is one of my favorite AI plays. Unfortunately, I own it in a taxable account with a cost of $482. Originally purchased for a combination of valuation and income. The income is no longer aggressive but there's no discounting the run-up this has seen. the 10:1 split is going to be very nice which will give me more potential for unwinding some of the position with covered calls, if desired. This company still looks good valuation wise though I suspect there's little way this AH action will be sustained into the morning hours. This is still an AI market and I continue to hold: NVDA AVGO ARM AMD QCOM MRVL AAPL GOOGL MSFT Missed MU, but one can only hold so many stocks. LOL