Jun. 11 at 3:45 AM
$SMCI I was expecting the 29% dilution to proportionally sink the stock over several days but that was accelerated by the heavy market selloff today. The selling finally stopped once SMCI reached the -29% level.
For now, I was lucky to catch the
$SMCX at the absolute bottom of
$9.01.
Now that dilution effect has been applied, I expect SMCI to just move higher or lower with the market.
Big congrats to shorts for now, but big gains are set for patient longs in the future.
GLTA
$SMCL $SOXL