I'm looking at it as a longer term buy / hold, and the position is small. But if the move gets too crazy, I might take profits and try to reload lower. One time tested strategy is to have a core position, plus a trading position, but all my individual stocks are relatively tiny positions.
The RSI is nearing 90, so near term overbought based on that, but it had formed a lengthy base with the 8 month consolidation, and when that happens the breakout can be more dramatic and sustained (at least that is what is taught at 'chart school' lol). Also, as various articles have noted, SMCI's valuation is still very cheap when compared to Ai darlings like NVDA, and revenues should continue to climb at a rapid clip.
Btw, I picked up some LECO and also Mueller Industries (MLI) to add to the long term holdings (now up to 119 stocks and 2 sector ETFs). Also picked up a little HSY as a longer term buy / hold. Based on the chart it appears the bottom 'should' be in, although still have to be careful with these turnaround stocks.
Deere, Lincoln Elect, Mueller Industries -- >>> Manufacturing Marvels: 3 Industrial Stocks Set for Success <<<
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