Great Stocks

[gfp927z]

Derf, Yes, looks like the market just shrugged it off. But objectively it's a good time for a money raise since the stock, sector, and market are up so much. The additional $1.5 bil will help SMCI keep up with the surging demand for their products, and with the Ai stocks zooming, everybody piled right back into the stock. SMCI only has $400 mil in debt (per Yahoo Finance), which is low compared to their $50 bil market cap. They also didn't reveal the pricing and other terms of the note offering.

But as you said, this market is starting to look 'meme-like'. With the Fed's first % cut not until June, and risks from the Middle East war increasing, I figure the market could be getting vulnerable. But lots of FOMO money coming in. Fwiw, I scaled back my stock allocation to 20%, and will hang with that. Nice to see some decent profits though :o) What worries me is a US Navy ship getting hit by a Houthi missile, which nearly happened several weeks ago -


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173895954


>>> A Houthi missile was just seconds from hitting a US warship. The Navy used its ‘last line of defense’


by Brad Lendon

CNN

February 2, 2024


https://www.yahoo.com/news/houthi-missile-just-seconds-hitting-062737193.html


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