I admit, when I first heard about $SUPER MICRO COMPUTER INC(SMCI)$ joining the S&P 500, I was excited. It seemed like a sure sign of their success and potential.
But the more I look into it, the more I'm starting to doubt. The stock has already had a major run-up, and now the hype is starting to wear off. I'm worried that we might be seeing a bubble forming, and I don't want to get caught up in it.
I'm going to sit on the sidelines for now and wait for a better entry point.
Sure, more like 600, then 300, then back to the 52 week low of 87.
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