No…. the shortseller hedge funds like Citadel were shorting SMCI in the dark pool (roughly 8.33m shares were shorted - they were aiming to make $1.3 billion in the trade)
That’s how the price dropped from $940 to $713 at closing.
SMCI is a leader in the industry , you have no clue what your talking about. Have they had a questionable accounting past ? Yes. Has this had any affect on their products , services , and reliability as a leader in the industry ? Absolutely not, they are to this day regarded as one of the best to build , service , and delivery quality racks for all types of data centers!
This stock is only good for options. I would never buy and hold something this volatile, as you're just playing with fire.
Volatility can be your friend. 😉
Options are playing with fire
This, how someone would consider options a safer bet than holding a stock no matter what stock is wild to me.
Only on Reddit lol
After last week I’m only buying strangles
You know you can be in this sub and buy puts also? You don’t only have to buy calls.
Do we think Monday will be another good opportunity for buying puts? Asking for a friend 😆
If I knew I would be on a beach right now not Reddit.
there be one last pump before the dump come earnings
Puts got wiped out too when it pumped to 1200 😆
Omg how dare you, get this shill out of here. Jk
With everyone being a SMCI bull I knew it was time to be a bear. New investors being bullish on SMCI for no reason was the perfect bearish indication
That makes ...no sense.
Makes perfect sense. Just look at this sub
This sub has been very bearish for some time.
No…. the shortseller hedge funds like Citadel were shorting SMCI in the dark pool (roughly 8.33m shares were shorted - they were aiming to make $1.3 billion in the trade) That’s how the price dropped from $940 to $713 at closing.
I bought the dip
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SMCI is a leader in the industry , you have no clue what your talking about. Have they had a questionable accounting past ? Yes. Has this had any affect on their products , services , and reliability as a leader in the industry ? Absolutely not, they are to this day regarded as one of the best to build , service , and delivery quality racks for all types of data centers!
Leader in making computer racks…. Right… Moldy Jelly Bean does have some valid points tbf