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A Trade That Worked In This Market

Benzinga ·  Aug 9 23:29

Rolling With The Market Rotation For A 236% Gain

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An Alternate Approach

In my last post ("Not In This Market"), I described an approach that didn't work in this market, placing an bullish trade onSuper Micro Computer, Inc.(NASDAQ:SMCI) when it looked oversold on a Relative Strength Index, and underpriced on a PEG basis.

Not In This Market

Why our bullish trade on $SMCI was a bust, and what we're going to differently next time.

— Portfolio Armor (@PortfolioArmor) August 7, 2024

I described an alternate approach there as well:

In our current risk-off market:

  • Cheap on a PEG...
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