Jun. 23 at 12:54 AM
$SMCI if we have heavy volume again buy tomorrow on down market day
Retail shorts better cover quickly because big players have now accumulated and going to let it get back to fair valuation
It’s so laughable they have kept smci under 50 with all the fake news bs short used to bring it down being proven false
Remember there was no restatement of any financials and stock was around 55-60 when news came out they filed 10k but they did it so late that shorts had already gotten stock down to low 40s
Also remember the convertibles they got need price to be at 60 so they shorted(hedged )when price got over 60 made tons of Money on the hedge …sure they have covered that and now incentivised to bring price over 60 so they can actually make money on the interest free loan they gave out. Think it’s 700m worth of shares
