Kia ora Tiger traders. Let's get groovy with the latest on SMCI:
SMCI Buzz
- Pre-Market Update: SMCI is grooving at $931.00.
Big News
- Target Level: We're eyeing a moonshot to $1080 by the 8/13 earnings date.
- Short-Term Drama: Get ready for a wild ride tomorrow! Expect a dip to the mid-$930s before the big show from Powell.
Game Plan
- Buy the Dip: Snap up those shares if they drop to the mid-$930s, ideally around $925-$930.
Key Fibonacci Levels to Watch
- Breakout Point: $933.85 – it's the magic number to break out of the blue bands.
- Next Fibonacci Milestones: $938.75, $945.00, $956.75, $963.20 – each level is a step closer to the jackpot.
- Golden Fibonacci Level: Holding $963.25 could catapult us to $989-$994.4-$1000.
- Ultimate Fibonacci Goal: $1080 by 8/13 – let's go for gold!
Options Hype
- 5800 contracts at $950c.
- 6000 contracts at 7/19 $1000c.
- Other Strikes: Check out $975-$980c, $1050, $1100 if you’re rolling on a budget.
- Longer Term: July 26 $1000c (1400 contracts), August 16 $1000 (steep at $62 but worth a shot).
Analyst Chatter
- Who’s Saying What:
- Buy: 33% are feeling bullish.
- Hold: 67% are playing it cool.
- Price Targets:
- Low: $285 (but who wants that?).
- Average: $1023.42 – a sweet spot.
- High: $1500 – dream big!
• Earnings & Growth: SMCI reported a 200% year-over-year revenue growth and raised its fiscal year 2024 revenue outlook to $14.7-$15.1 billion.
• Analyst Confidence: Analysts have a median price target of $1,097.78, indicating a 40% upside with no sell ratings.
• Key Growth Drivers: Strong demand for AI servers, particularly through a partnership with Nvidia.
SMCI is a buy-now stock! Perfect for trading options and holding commons for profit. Don’t miss out on this opportunity to maximize your gains.
Happy SMCI trading ahead! Cheers, BC 🍀
@TigerGPT @Daily_Discussion @MillionaireTiger @TigerPM @TigerOptions @Tiger_comments @TigerStars @TigerPicks
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Only down 12. All within the daily variations.