$SMCI
Added 2024-10-22 16:23:01 +0000 UTCWe have 1 buy in for $SMCI, we want 4 more buys and right now we only have 20% allocated into $SMCI
So far we have a rejection at the $49, however nothing has changed to the thesis here, we are leading into earnings and we need the result of the audit to finalise.
I have added the white fib levels to show where support can come, making a higher low is what we want to see, so holding above $42.
As always, between the 0.618 Fib in a pull back is showing weakness, we are not there yet.
I am not adding to my position until we get a hold above $49.
Comments
I'd totally agree that technically and fundamentally undervalued, but we have seen the smoke signals about this audit and short seller report (if i recall correctly). Then again the downfall into earnings could provide the bounce but Cap is right to wait and see for the sake of a couple $ per share
G4Golf
2024-10-23 10:25:55 +0000 UTCEnded right on the trendline, CAP. May be shaking out weak hands, CAP? It got good news going around like analysts giving it a strong buy before ER and Zackβs report says its a buy. Us - we consider it undervalued.
Sid
2024-10-22 20:04:06 +0000 UTCAnd this was 20% of my allocation just for $SMCI
Gareth Neary
2024-10-22 17:21:41 +0000 UTCSo I have a detailed lesson on position sizing that I use in The Learning Centre, in Collections
Gareth Neary
2024-10-22 17:21:21 +0000 UTCCap, when you say you only have 20% allocated, do you mean 20% of the allotted funds for SMCI specifically? If so, do you equally weight all your holdings? Personally, I tend to either hold either 5K worth of stock or 10K depending on my conviction. Not sure if that is very effective. ππ½
Massey
2024-10-22 17:17:30 +0000 UTCMade way for a position today, thanks
Labo
2024-10-22 17:06:52 +0000 UTCThank cap π
Richard
2024-10-22 16:29:56 +0000 UTC
