Aug. 16 at 12:18 AM
$SMCI Interestingly, a similar setup played out with airlines. When I was bullish on
$DAL in the
$30S, many people said “Big No” to airlines. I took the opportunity because call options were dirt cheap.
I see similarities with
$SMCI: one is dealing with trust issues, while the other has a history of sharp drops during market crashes.
$DAL traded between ~
$30–
$60 multiple times before eventually breaking out.
I believe
$SMCI’s long period of fluctuation may be coming to an end. The next phase could be rallies, not ranges. 🚀
