SMCI Battered Stock Syndrome

11月5日

I've seen this stock in the news a lot about some accounting irregularities (which have apparently existed for a long time with this company). Last time these allegations surfaced was August 2020 (stock is up 1000% since then).

Anyway, wisemen on the daily, momentum divergences and harmonics look bullish here, so I'll take a small pre-earnings gamble on some otm december calls. Probably due for a relief rally right now and a strong earnings report after the close today could help close the gap around $50.