I owned SMCI for months, and it never did anything !
I remember walking in this park every morning back in late 2022 to early 2023, wondering how in the world SMCI kept doing nothing. I remember I bought right after the stock went down from around $90 to $69. I then bought 7K shares at $69 or so. I went to walk in this park every morning around 9 AM, and walked for an hour or so. I would get excited to listen to TD Ameritrade stock quotes, and listened for how well SMCI was doing. I'll never forget, there were several times, SMCI would get to $77 or so, just to go right back to around $70. This went on for over two months, and I finally got fed up, and sold around $75. I remember I got so frustrated that I took the stock off my watch list. At the time, it was selling for around a 7-8 PE going forward, as I remember eps analysts expectations were around $1 going forward. I just thought there was something wrong with the company, as even after a blowout qtr, the stock just wouldn't budge. Then about 2-3 weeks later, I remember looking at the stock, and it hit $90. I was pissed, and remember talking to R59 about it. However neither one of us had any idea about the potential, and I just stayed away, figuring it would just come back to the $70s again, Well it didn't, and the PE going forward started getting higher, and when the stock hit a 10 PE going forward, I was convinced it was way over valued. I had no idea about the AI potential, nor the fact that the PE would just keep expanding. The PE going forward in fact is now triple what it was when I owned it.
