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bbotcs

12/05/24 1:14 PM

#15572 RE: littlejohn #15571

lj: SMCI the stock is going sideways. The stock will have to move up the old fashioned way--by posting good earnings. Again, a tax-loss selling candidate.
Bought NET today after Josh Brown, on CNBC, said it is breaking out. I have done well with some of his recommendations over the past several years--ALB and UBER comes to mind.
There is no dividend.
By the way, I read today that one of the DOGE recommendations is to have the Federal Government consolidate its cloud contracts. Is it a coincidence that "Bald Bastard Beelzebezos"
is sucking up the Trump? Is it a coincidence that MSFT has been moving up lately?
On another topic, Vivek and Elon's plan to force Federal workers back into the building will be a boon for refiner stocks. It might even drive down the price of toilet paper in Central Maryland, which is lousy with bureaucrats.
I am 100 percent opposed to forcing bureaucrats back into the office. They are less efficient there. And the traffic around here is going to be a nightmare at rush hour. When there is total gridlock on the Capitol Beltway, they will see the error of their ways.
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bbotcs

12/05/24 1:19 PM

#15573 RE: littlejohn #15571

lj: Cramer's statement when commenting on SMCI:
"No, my view is accounting irregularities equal sell and I never go back. I will be willing, happily willing to miss another 20 points. It doesn't matter. Accounting irregularities equals sell has saved me millions of dollars.” Multiply that by many hedge fund managers.
The stock will be a pariah for the foreseeable future.