I started watching this las November and was going to buy it when it pulled back and filled that gap at $110, it never did. Then I said I'd definitely buy it when it pulled back and filled it's higher gap at $175 just 2.5 months ago, oops. It never did. I finally took an initial position at $294 a mere 10 trading days ago with plans to add to my position when it cooled off, but nope. Now I'm fighting the urge to sell it and book my 20+% that it's up in two weeks. I love the strength of this company and even with it's meteoric rise, it still only has a trailing PE of 34. If you can buy 100 shrs, look at the weekly cc you could write. You could've bought it during the trading session today at $343 and during the day sold the $360 call, that expire in 4 F'ing days, for $20+, banking over $2,000. If you follow it's movements closely, you could write covered calls weekly that would make you net free in 2 months or get it called away at a profit and keeping all the cc premium if they expired because it was below the strike. I've never seen a stock like this that I can remember.Orlando Ayala Cant Read said:ProgN said:
SMCI is a machine, but don't FOMO this one, just be patient and let it come back to you. Then you can buy more shares and ride the next wave instead of being a stranded astronaut and miss out. JMO
Where do you like a buy point on this?
If it drops back to $300 or better, I'll add more and if we have a steep correction, I'll add even more.
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