SMCI Bull run over
Diupdate
We ended the fifth impulsive wave a lot higher and the ongoing collapse is nowhere near ending. The bull market is well and truly over for SMCI.
Trade the charts, not the news. I did bring this to your attention 3 weeks before the news of potential accounting fraud became apparent.
I did warn bag holders not to buy the dip - look my related post. Instead I got hate and dislikes for my post. It's like people don't want to hear the truth. Don't love anything that won't love you back, speculative assets included.
The truth is that risk management is key to preserving wealth. I was against buying the dip, there is a potential long trade to be had at way lower levels. However, in light of the accounting issues this company is in deep trouble and people are fighting to get to the exit door.
Not financial advice, just my thoughts. Do what's best for you, if you want to buy the dip then good luck to you.
Trade the charts, not the news. I did bring this to your attention 3 weeks before the news of potential accounting fraud became apparent.
I did warn bag holders not to buy the dip - look my related post. Instead I got hate and dislikes for my post. It's like people don't want to hear the truth. Don't love anything that won't love you back, speculative assets included.
The truth is that risk management is key to preserving wealth. I was against buying the dip, there is a potential long trade to be had at way lower levels. However, in light of the accounting issues this company is in deep trouble and people are fighting to get to the exit door.
Not financial advice, just my thoughts. Do what's best for you, if you want to buy the dip then good luck to you.
Trading ditutup: target tercapai
Closed my short on this. Stock tanked another 30% plus. I'm not getting greedy waiting for it to hit zero. Congratulations if you traded this with me.
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