$Super Micro Computer (SMCI.US)$ I was right... analysts can...
$Super Micro Computer (SMCI.US)$ I was right... analysts cant wait to downgrade their ratings once they review the ER. ![]()
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lucaspan : so smart
Quandale Dingleberry : can you advise on whether i should hold or cut loss before market opens please ? thanks.
pootpoot OP Quandale Dingleberry : for that i cant tell. but im shorting the stocks currently target price of 480. missed eps and guidance by right should be punished. hard to tell.. book makers may buy back to kill us shorters.
pootpoot OP Quandale Dingleberry : what posiiton are u at
Quandale Dingleberry pootpoot OP : 704 X 6... should have sold earlier...
pootpoot OP Quandale Dingleberry : if u are a day trader.. i would say yes just close it off. or wait for any rebounds before closing off. if long term holding.. good luck haha. its going to take very long. provided next ER is optimistic .
Invest Long ✓ pootpoot OP : any recommendations for Eli Lilly? that one seems interesting
R30R Quandale Dingleberry : No one who truly understands the market, the risks and the stock fundamentals will give you that sort of advice here. You’ll get those from people who have no idea what it means for ‘you’ to lose money.
Consider this - fundamentally good stock, however they are bleeding cash as their revenue and profit correlation is skewed because of high costs, supply to produce products can continue to be a challenge, the macroeconomics aren’t great (just at this point in time), forward guidance is positive, EPS in future still questionable, over valued at 1k and undervalued at 500, great order book and clients, mainstream competition (dell, etc.) not exactly flourishing, the entire sector is bearish/trying to recover.
Now top that up with these - do you desperately need that money stuck in this? Or is it just panic seeing the paper loss? If you sell and lose the money, are you confident you can make this money back through another trade? Do you have the bandwidth or patience to see how the stock performs when the market corrects to a bullish stance? Did you want to trade (to make quick money) or were you looking to invest in a company for long(er) term?
Think it through. Panic selling is easy but filled with regret (I’ve been there). But if you consider all scenarios and then sell, you will not lose faith in being able to play in volatile markets and volatile stocks.
Also, next time put a stop loss.