Pat,
<I'm hoping it dips below 12 before the next earnings release, i would like to get some more.>
Looks like you may get your opportunity! There is ABSOLUTELY no reason for this stock to crater like it has. I'm in/out a lot of stocks, but never with SMCI. Always considered this a long-term play ... and still do.
A few posts back, I joked about employees using that 800#. As long as the DOW keeps on climbing to new heights and the average investor thinks blue chips are "safe", money will move in that direction.
What goes around, comes around. The money will start coming back into the small caps within the next 6-8 weeks. Funds have to buy & sell and move their profits elsewhere. We need instituional interest for jumps and sustained growh.
Personally, I think when we get the MAJOR correction, it will be NYSE and DOW blue chips. But, who knows?
In any event, though I was "bug-eyed" when I saw what happened to this stock. It doesn't worry me. Though, normally I would "average down" at this point, I've done too well with my Y2K (Year 2000) stocks to even consider this option.
Cheryl |
