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This is like GME, but its a real company and no short squeeze.
Crazy to think it was $4.00 years ago. Never have I ever seen a pump like this... Especially with their...... Net Income & Net Profit Margin down 14.87% and 25.6%
Important: If your E*TRADE account was transferred to Morgan Stanley Smith Barney LLC (MSSB) in 2023, you may receive multiple tax forms for 2023: tax forms for your original E*TRADE account that reports all activity with E*TRADE Securities LLC before the transfer date, and additional tax forms for your transferred account that reports all activity with MSSB after the transfer date. These tax statements contain information related to different transactions and you and your tax advisor should consider and review all tax forms received when preparing your 2023 income tax return. Please note, there may be a slight timing difference in the availability of the tax forms issued for pre- and post-transfer activity.
If you would have told me that 20 years later, there are still people waiting on their CMKX check, I'd have told you that was too stupid to believe.
Right now I'm trying to figure out how Vinny is not in prison. This makes no sense. He was only a low level mobster.
Ah yes, the PCMB, Turino and crew, and the old "Escrow Theory." LOLOLO
What a Rogues' Gallery of complete idiots!
In looking, it goes back further....you were around in the PCBM days.
Which BTW, I just noticed LoCastro is running a Communications biz among other things...
PRESIDENT
LOCASTRO ASSOCIATE ALL PRO, INC
Jun 1997 - Present 26 years 9 months
Remember Raging Bull, the old CMKX basher days? I was a big CMKX hater and taunted stupid ACCADACCA mercilessly. Oh, I went ahead and bought some SMCI. Did a buy/write using the Jun 600 call to reduce my basis to 488 and change. Sorry about missing that you did your transaction in a Roth. My tax comment is moot.
Inputs Analytics
Contracts 1 Cost (57,848.00)
Shares 100 Premium 9,027.41
Open Date 31-Jan-24 Call Away 60,000.00
Exp Date 21-Jun-24
Days to Exp 142 Net Callaway/Max Gain 11,179.410
Underlying 578.48 Basis 48,820.590
Call Prem/Bid 90.27 Target Return 22.90%
Strike 600 Annualized 58.86%
15.61% Break Even per share 488.21
Downside Protection 15.61%
https://stocktwits.com/Victhestick/message/560160024
I'm trying to recall where I know you from?? I know it's been lots of years and that's I recall. Seem to remember agreeing with you somewhere.
$600 strikes are going to pay off big here.
Roth IRA
Originally 250 shares, sold enough off at $225 or so to cover cost basis.
My impression based on my memory is that the sharecount is about 60 million shares. Thus about 25% of the outstanding shares seem to have traded today. This seems to me to be about 10 times what is reasonable to expect. The wild swings in the pps recently makes me think that this stock trades like otc stocks with a stock price that is less than 10% of a cent. But the pps is in the thousands of dollars. How come?
While I applaud your windfall, the taxes you will now owe will reduce your true realized gain. How many shares?
In the case of my NXPI position, I still hold my core position but trade the hell out of the options. Juist since 2023 pulled in 43k just trading the option and only a little stock.
https://stocktwits.com/Victhestick/message/559035024
I bought in at $37. Sold finally at $487, was expecting a pullback. Kicking myself today.
How many shares, if you don't mind me asking? I applaud anybody who buys and holds. Trade the options around the stock but buy and hold the underlying. The options are wasting assets and should be sold whenever premiums spike. I hate taxes for one but don't mind paying some on options trades. I own 1200 shares of SWKS and 1000 shs of NXPI and have for years with and adjusted basis of about 100 on both. But I have raked in options premiums selling cash and stock-covered puts and covered calls on those underlying which as of today are valued at $355,680. Probably never sell those positions. Oh, and collecting dividends on both.
I only have 10 shares in a little account that lets me buy partial shares, I bought at 97. I haven’t sold any of those.
But I had some in other accounts that I traded around. I broke even on those because I kept getting frustrated by the volatility. Eventually they went back to break even, then I’d sell and it would explode.
The problem is this is an awesome company. It keeps posting triple digit earnings increases, then it goes up in a short period of time. When that happens the short assholes who don’t know how to read a balance sheet keep dropping it down. Eventually it recovers but it frustrates the hell out of traders. It’s an investing / fundamental stock I guess.
I didn’t I only have 15 shares lol
You guys don’t sell at 400 from 80? Wow
I dont know what caused SMCI to drop to $8.50 Oct-4, 2018
but what a sick chart from then to now
https://finviz.com/quote.ashx?t=SMCI&ty=c&ta=1&p=d
$429 ah
still in.....................?
Loving my $82 stock…..
Check my posts all the way back to almost 2 years ago when I got in at $40 and haven’t left since :)
Good for you man. This stock is a banger.
$SMCI: OMGGGGGG.... $SMCI $400 0dte 1/19 calls were 0.01
Right at the OPEN !!!!!!!!!!!!!!!!!!!!!!!!!
NOW................. $18 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
HOLLLYYYYYYYYYYYYYYYYYYYYY CHIIITTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT
Thats a 50,000% INCREASE just in ONE HOUR............... since the OPEN !!!!!!!!!!!!!!!!!!!!!!!!!!!!
MY GGOOOOOOOOODDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
BIGGGEST OPTIONS BANGER of 2024 so farrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
GO $SMCI
Unexpected surprise here today for me. I did have a $300 bid in yesterday and today which of course did not get filled. I am still holding my long-term position.
I don’t own smci I follow it a little because I own Nvidia. Try yahoo finance put in ticker then scroll down a ways to “view posts” take with a grain of salt of course
What's the best message board to keep track of what's going on with SMCI? Ihub appears to be not very active or popular.
SMCI has a beautiful high tight flag formation on its one year and three year charts.
With current pullback due to its public offering of 2M shares last week it makes for a terrific buying opportunity at this time.
There are only two stocks I know of dealing witth AI that are highly recommended to lead to making over a million dollars for investors if you have only a couple hundred shares. The two stocks are NVDA and SMCI. I own a little over 200 shares of SMCI . SMCI has already more than tripled in 2023. SMCI is in a current pullback due to a dilution via a public offering announced last week. The dilution amounts to about 3.8% to 4.0% of the value of the stock and the stock is now down more than double those percentages. NVDA has a P/E of around 65 and SMCI has a P/E of about 24 and is making enormous profits relative to AI.
Good luck !
Despite the fact the price may have gotten a little ahead of itself the last couple of months, the company still moves forward.
Back to Breaking News
Insider Buy: Super Micro Computer
2:44 PM ET, 08/11/2023 - MT Newswires
02:44 PM EDT, 08/11/2023 (MT Newswires) -- Shiu Leung Chan, Director, on August 11, 2023, executed a purchase for 4,000 shares in Super Micro Computer (SMCI) for $1,062,280. Following the Form 4 filing with the SEC, Chan has control over a total of 40,917 shares of the company, with 40,917 shares held directly.
SEC Filing:
https://www.sec.gov/Archives/edgar/data/1375365/000175855423000074/xslF345X03/wk-form4_1691779098.xml
Price: 254.62, Change: -22.50, Percent Change: -8.12
P/E gonna drop back to low 20s with updated earnings…..Or stay the same at $400.. :)
300!!!!
So obvious. Time to climb to 400 now.
This could be a $1000 stock if held long enough.
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