you all treat stocks like casino
$Super Micro Computer(SMCI.US$ good luck mates y'all are better off going to the casino
panic sell on the dip, buy on top, panic sell on dip, rinse and repeat.
the stock will go to 1400 mark my words
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aims to identify stocks with rock solid growth fundamentals with 10x potential. also dabbles a little bit in trading
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102704742 : bro you give lots of courage
JayMoon07 : Please drop to 800 before that pleaae![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102514703 : Institutions will buy it anyway. What are you afraid of, this stock's institutional share Z will only get higher
MomentumPython1337 OP : if you look at the weekly or daily chart you can see that SMCI is forming a pretty big multi-month base. lows while seemingly painful have been higher over time, and there is a clear pennant/bull flag pattern forming. the catalysts are also in place.
the last rocket fuel is earnings. it needs to not fuck it up
but I'm quite optimistic that it won't, it's too early to slowdown in AI demand
if it announces a stock split like nvda/avgo then that will be cherry on the cake.
MomentumPython1337 OP : holding the stock gives you exposure to these catalysts. stock market is about time and letting things work. if you hold the stock you won't be chasing the high when the news of earnings beat or stock split comes. because you already own the god damn shares your position will turn big green and then you sell it to take profits while others chase
MomentumPython1337 OP : 1400 is a measured move of the breakout it's not a number I'm throwing out of my ass
https://trendspider.com/learning-center/what-are-measured-moves-in-technical-analysis/
102514703 MomentumPython1337 OP : 1,400 is a good amount. When I bought it, I looked like it was 1500. I hope this financial report goes well, and then bring along the news of the cumulative benefits