I think that the fair value of this stock is between $700-$800 per share. Previously, I bought this stock at $250ish and exited at $1200. This is round 2. I reacquired after it got added to SP500.
https://i.redd.it/38dku7kx0gnd1.jpeg
Posted by featherbirdcalls
32 Comments
Ugh
*insert laughing face here*
Can you do a live stream when you “guh”???
Puts
Well I am astonished at the tolerance of that stop loss first of all.
Since your in deep with the shares hang on tight , the next few weeks will likely suck , so just close your eyes until we get back to the 6-800 range. I think when SMCI gains traction it’ll make a pretty swift recovery.
Gl on this shit
I read this as thoughts and prayers at first, seems I wasn’t far off.
I did the same thing once, got in early on a pump and dump, made some great gains and then started to believe the pump bs, bought back in and it was terrible… but if you really believe it I hope you succeed 👍
Classic pump and dump it’s over
Avg down baby
Ima tell you wut
If the market continues to sell off … as I anticipate it will, leading to the ultimate EOY pump Santa rally…
SMCI calls way otm will be a play I consider
Just not yet.
Think you’ll have a bunch of volatility for a bit longer
As to you, perhaps look to add in a bit. Average down …
Ur fucked
Oh I see they finally did the stock split  
They’re supposedly to do a stock split Oct 1st. Makes me considering if they’re gonna go CAAh-Boom sometime soon near the date 
You HOPE fair value is $700 to $800 per share but in reality it’s FMV is more in the $325 to $425 range and that’s being generous, since it can be very easy for competitors to make the exact same products
Imagine not actually reading financials and posting here with no shares… Come on you wankers, put in some skin in the game!
https://preview.redd.it/gm45he355gnd1.png?width=1344&format=pjpg&auto=webp&s=4f67c087574b6af40fecd12ce68c28026abb6266
I didn’t make 120k in BBBY by being scared.
No guts, no glory.
I do weeklies with SMCI! Never held it for more than 2 days straight!
“bought at 250 and exited at 1200”
meanwhile average cost is 780 lmao
Delisted, won’t be the first time and won’t be the last time.
2 words: Hindenburg Report
I’m a bagholder but I think it goes back up. Next earnings needs to show the revenues are on track and justify the 800+ share price then we’ll rocket back upward. Short term the accounting issues are going to keep the stock depressed for sure. Worst case scenario I harvest the tax losses on it.
Doesn’t take much for a 50% loss to become a 90% loss.
Ur regarded it’s going to drop to $200
Based off that screenshot, puts
You would be smart to exit this position and buy spy or put the money under your mattress.
I think you should sell off 3 k loss worth and file it on taxes if it doesn’t come back up by eoy 🤣
Makes me feel better about a $50k draftkings loss
It broke 1000 on pure hype alone. That’s not happening again. There is no round 2. It’s a good company, but it’s not one for growth. Dell and IBM have a better chance at hitting 1000 before this does.
There are some stocks I wont touch
Why not buy puts to hedge your big losses
I might sell all but 100 or half. Then do a covered call leap. This does have room to drop still especially with more catalyst
Betting that smci is going to almost 4x in value in 6 months lol