Super Micro Computer, Inc.
Long
Updated

Long SMCI

311
Beautiful setup. I missed my original entry but this has significant upside on the table.
Trade active
This trade hit immediately, however it's being held back in anticipation of new filings(due EOD 2/25) or lack thereof. I trimmed 1/8th of my position on Friday, however am planning to hold the rest as I'm expecting NASDAQ compliance by EOD tomorrow after reading about 700M in new financing on Friday. SMCI is a massive company (30+ billion) and has a bright future with AI leading the demand. I can't see this being delisted to OTC. Goldman Sachs raised their price target today and the chart screams more upside IMO. Trade at your own risk.

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