HiTALK
05-24

$SUPER MICRO COMPUTER INC(SMCI)$ SMCI's price movement has been overdone. I foresee another pull, but the overall semi-story with NVDA out of water is still good. Without any material macro event, it will retest its all-time highs. However, due to the turning tide in favor of DELL and other integrators gaining traction, it will eventually fall hard.

In Simple words, I see a 760 Retest before hitting an all-time high of 1230 but eventually falling back to 600. Hence, this is a nice trade idea only for whoever wants to ride a huge beta in the Options trade.

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  • HaroldAnderson
    ·05-28
    However, the overall semiconductor story with NVDA is still positive.
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  • IrmaBurke
    ·05-28
    But with competitors gaining ground, it might eventually fall hard.
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