It's a trap. Buyers beware.
This is a fake trigger news to trap retail buyers in to push up the price for SMCI so that the institutional can sell it off. Whoever is still buying, time to get rid of your position soon.
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dach84 OP : Short at 48.30
GreatJones : I disagree. Long term hold, price target of $63…won’t sell off until it hits this number.
104352709 GreatJones : I agree with that
Huni : The fundamentals of SMCI are fine, this stock can reach 70-80.
10baggerbamm : if you think there's going to be another rug pull event Hindenburg, accounting irregularities you pick whatever the leveraged ETF puts are the way to play it. the $7 puts have a huge spread and you'll be able to get filled today at close to the bid maybe a penny above it. you're talking about a 20x + return if the stock falls back down to where it started the run.
dach84 OP GreatJones : Good luck
GreatJones 10baggerbamm : Correct. Even in the event of another rug pull, the big boy investors will never turn down an easy ramp up. I still firmly believe that the Hindenburg report was one of those “once in a lifetime opportunities” because SMCI will be around for many many years—if not decades.
10baggerbamm GreatJones : the first one thing that has proven to be a certainty is on those rug pulls the buyers come back the retail comes in and the institutional buyers come back in
GreatJones 10baggerbamm : Wise words! Happy investing/trading to you!!
10baggerbamm GreatJones : I'm looking for an entry point on the 2x leveraged ETF.. I know I'm going to be selling puts.. it's going to be a boatload of puts because the volatility premium that is available is over 10% and that's about 20% less than the current price which is some of the highest I've seen in a long time normally you collect about 1 and 1/2 to 2% premium relative to the full position if you're put it when you sell a put so the premiums on The leverage ETF are huge
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