I wrote CC and picked up a $4+ premium on the 40 calls. I may sell the puts later depending how this rolls closer to expiration. Good luck to you and good trading. I believe there could still be a runway here but I am protecting profits aggressively these days.
Sentiment: Strong Buy
and I sold. Probably should have only sold half. I will wait and try to buy back in at 39. The valuation is getting high plus I don't like the insider sales. Between last year and this year I made 35k on this stock. Great company.
NO tyelling where this stock will be short term.
Many have lost their pants selling too soon or shorting at the wrong time.
Short term sentiment: STAY AWAY.
Long term sentiment super buy.
HP better off acquiring SMCI than Arun where there's much steep competition and is hard for HP to win.. SMCI has better grown and bring in much more solid growth and earning.
HP's acquisition is always a waste of moeny.
Well, I believe it has a far better chance of hitting $50 than it does falling to $35, but it sure is a creeper
I think it is down because of hpq's declining growth. Most folks don't realize that smci is the opposite of hpq. It is in fact growing at a rapid pace and likely because it is taking share from hpq.
At the last conference they said that hpq is their biggest competitor. Well, seeing how hpq is faring, I'd say smci is taking a LOT of share from them.
That is what I have been saying like a broken record that this stock is a long term, buy and that THERE IS NO SHORT TERM FOR SMCI.
A short term trap for both longs and shorts.
The most significant news is that SMCI is gaining market share.
Happens anytime I sell this stock...since it was $24..... Sold Monday bought back Tuesday for $2 more...expect it to go down $1 Wednesday....no reason other than I bought back.
This, CRUS, SWKS are simply long term holds.