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Replies to #159 on Great Stocks

fung_derf

02/05/24 11:49 AM

#161 RE: gfp927z #159


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.



All true.
My long term holds need to have a dividend (well I guess not entirely true since I hold GOOG).
I think SMCI has more left in it, just expected the pullback. It actually DID pullback to my buy back price, but only stayed there for 15 minutes and I missed it. I'm not a big fan of putting in limit orders though.