Derf, Yes, that turned out to be great advice, so thanks. I sold 1/2 at 956, so a little over a double from the 470 entry point. Still holding the other half, though it's only a small position.
With the SMCI profit I pick up a little Sherwin Williams (SHW) to round out the Basic Materials sector holdings, and SHW also loosely fits into the broader homebuilding space, to supplement BLDR, TREX, UFPI. I also have a few HVAC related plays (TT, AAON), though these are commercially oriented rather than residential.
With SMCI, it'll be interesting to see where support turns out to be. A pullback was inevitable, and I figure once it finds a new base it will move back up before too long, assuming the broader stock bull market continues. Based on the chart it looks like the 650 - 700 area might be a support zone, though tough to say. A 38% Fibonacci retracement from the 350 breakout level to the 1050 peak would put the stock near where it is now, and a 50% retracement would be put it around 700. So I'll predict it settles in at around 650-700 as the bottom of the selloff, but just a guess.
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