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S&P 500
5,307.01
(
-0.27%
)
US TECH 100
18,383.60
(
0.85%
)
Dow Jones
39,671.04
(
-0.51%
)
Brent Oil
81.93
(
0.49%
)
Bitcoin
69,600.17
(
0.72%
)
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wadegarret

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wadegarret

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Re: hweb2 post# 112705

Friday, 05/03/2024 11:53:31 AM

Friday, May 03, 2024 11:53:31 AM

Post# of 113226
Hweb- SMCI

No need to pull the trigger on that one IMO. Bottom line is, if they were surprised by "stiff competition" taking down Q1 estimates, then it can keep happening, and IMO probably will. This is a dead cat bounce for SMCI & I feel it will settle around $700 or less over the next month. Now IART and AAOI are are the big potentials for next week. Both have been pummled, and either one could rally 50% with a better than expected Q1(Q2 guidence) report.
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