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S&P 500
5,018.39
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-0.34%
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US TECH 100
16,954.40
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37,903.29
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gfp927z

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gfp927z

Re: fung_derf post# 175

Monday, 02/12/2024 2:04:02 PM

Monday, February 12, 2024 2:04:02 PM

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Derf, Looks like SMCI might finally be due for pullback / consolidation? It hit 810 today, RSI at 94 (yikes), so wouldn't be surprising to see some retracement. It's currently showing a bearish shooting star candlestick, though we'll see what it looks like at the end of the trading day.

I only have a tiny position (in at 470), so will probably just ride it out. It would be tempting to grab the profits now, but the company looks extremely well positioned and analysts point out that its valuation is relatively cheap (vrs NVDA). Plus the chart still looks like a move to 1000 might be in the cards. So.. ride the tiger, but look out for those teeth and claws, lol..




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