Replies to post #2852 on Super Micro Computer Inc (SMCI)

[fung_derf]

It has been trading in a channel. I've been saying for weeks now (maybe months?), until it breaks one way or another its all just moot.
Support is currently $32.29, Resistance is at $45.21....needs to go one way or another at the end of the week to confirm anything.
All the rest is noise.

[TheDane]

If the financials are accurate, and it seems they are, and with tue revenue rolling in as expected, how is this not $30 to $50 undervalued at this moment? A buying op for sure. When, is the key. Wait for a bottom and load up, which nobody can predict, or just start buying small bits and wait for a trend change.

Markets are in turmoil and everyone and their second cousin are predicting doom and recession, and then seem surprised that consumer confidence is low. And then they scream that low consumer confidence is signaling recession!

Jeez.