Up 7%, didn’t you short PLTR and MSTR? Why do traders fight the tape? NVDA, CVNA, HIMS, AFRM, HOOD are more potential targets. Cheers!
In the meantime, I totally missed my quick in and out 20k. At 52, I'm not taking the risk to jump in.
I shorted PTIR 2 weeks ago at 275 And shorted SMCL at 23 (will add more short position this week) and added more to my SMCX cost avg is now 93.00 And still short MSTR yes, that's headed back below 100
CVNA yes, I'm looking to short soon. Over bloated pig of a company... HOOD that's had a beautiful run. Earnings were super great, if the markets keep headed higher more traders will trade especially when they bring futures to everyone, tough call on HOOD to short Nvda earnings next week. Looking for a move of at least 20 bucks
So all of the news from late last year has been squashed. A company that literally went from the best of the best where it got listed on the nasdaq 100 only to be nearly delisted is back in favor again?? Hmmm.
As a doom and gloom trader I'm surprised you haven't read the Hindenburg Report that sparked the sell off. Good read, you'd find out they were already delisted a decade ago for failing to submit their quarterly then. SMCI is a company that's always catching up to their success, bewildered by their enormous profits, expecting to be closed down by one authority or another on short notice and figuring out how to stash the cash before it happens. Family members are suppliers and distributors, and the most sophisticated accounting firms in the world are repulsed enough by the levels of shenanigans that they give up. It's amazing that they are listed but that says more about the nasdaq than the company. In the meantime, I'm hooked on the +/- 15% swings of this clown show.