Weeks ago, when Super Micro (SMCI) was in a free-fall, I did a bullish post about it, noting that it was approaching a major price gap. Now it’s time for just the opposite idea but still based on a gap.
Weeks ago, when Super Micro (SMCI) was in a free-fall, I did a bullish post about it, noting that it was approaching a major price gap. Let’s just say that turned out to be an amazing idea.
Now it’s time for just the opposite idea, but still based on a gap. I have bought into a small bearish position on this sucker now, using the higher gap as resistance.
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
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