$Super Micro Computer (SMCI.US)$ so do you want good news or...
$Super Micro Computer(SMCI.US$ so do you want good news or bad news?? every optimist I am so let's start with the good news the weekly chart looks fantastic it's on its lower moving average it hasn't broken it and if we can get a rally and Chip stocks you will see this make the hook make the turn and gradually begin it's upward movement again. oh but it's not all good news the daily chart looks like shit.
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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10baggerbamm OP : the daily movement shows it looks like it will test right around 680 in the short term
102283233 : Those fags keep pressing the price down
10baggerbamm OP 102283233 : well you use that word I call it what it is it's institution selling if you look at any of the high beta chip stocks they all move up and down at the same time their sold as a basket and they're bought is a basket and they're shorted as a basket so right now we're kind of trending in a narrow channel the move in the market is done for the day for now and we're going to have a vertical move in the near future or a sell-off in the near future and you will watch all of them collectively Gap up or get slammed very quickly like a rug pull rug gets pulled everybody falls together. the reality is this company dropped the ball on the revenues they fell short every turned 600-700% whatever it is I'm sure someone will correct me in the prior year and we are on the one yard line of AI with 99 yards in front of us . so depending on your intestinal fortitude and your time horizon you may be okay but you might have more pain first
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R30R 10baggerbamm OP : Love your insights mate.
Claudius3 : interesting narrative, I must say but fortune tellers, we are not...fortune makers we all strive to be. stay optimistic. one never knows what tomorrow holds.
wooper : in the late future once it's the top stock on every one's portfolio in their 401ks this will eventually hit from 3k to peek of 5k for now it Will linger around 1200 cap
at least that's my prospective however as far as an entry point I agree on anything from 640 to 680 as long as is below 700 for entry yet this is not professional advice just what i see.
Claudius3 : cool. ok. good observation. astute.