Derf's Grotto

[fung_derf]

Ð....Sooo, $SMCI opened this morning and immediately rose another $60....then the profit takers jumped in. Currently up $4.
Typically with big spikes they last 3 weeks and THIS is week 3. A good chance that early spike was it, but who knows there may be a bit left.
I had told myself to hold the remaining shares forever, but I really believe a pullback to around (I'll call it) $250 or so is due. That's quite a drop from it's current $430 share price. I don't get too many 10X stocks in this short a time period.
I always tell people not to be greedy, but I haven't a clue what this company is worth. Their recent earnings projections are through the roof, but those are merely projections....

  
    
   
 Expected Range  
   
 Prior Guidance  
   
   
 Net Sales  
   
 $3.6B to $3.65B  
   
 $2.7B to $2.9B  
   
   
 GAAP diluted net income per common share  
   
 $4.90 to $5.05  
   
 $3.75 to $4.24  
   
   
 Non-GAAP diluted net income per common share  
   
 $5.40 to $5.55  
   
 $4.40 to $4.88