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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Fast Eddie who wrote (56008)	3/4/2024 9:18:24 AM
From: Trader J	Respond to of 56532

SMCI: Agreed. Right around $1100 and then dropped all the way back to low $700s and even dipped into the $690s. I had picked up 3/28 $740 Calls (https://www.siliconinvestor.com/readmsg.aspx?msgid=34580481). I sold them on the pop to $995. Kind of wishing I had held on as those 3/28 Calls are going to be worth a mint ... but you never go broke takign a profit. I really don't know what to expect from it this AM. I added to the position at $1,020 AH but I'm only building a small position. I just don't want to get caught into this company with a relatively shallow history and some red flags from recent past. But no questioning their meteoric rise and numbers that, if continued, look phenomenal. The valuation isn't stretched here if the next couple/few quarters hold. 45M float, added to the S&P, WSB now all over them. I'd say in the near term, any pullback could make for a nice Call trade.