The Big Short 2.0 Continues: SMCI down 20% intraday!
Welcome back traders. To the traders in the Turbo Option Trading community, you’ve gotta be feeling pretty good if you heeded our warning to sell this overbought market/go short. Now we see the #THeBigShort2 .0 that we saw coming in 2023 in full swing. Stocks with good earnings aren’t safe like netflix. Hype stocks like Tesla & DJT haven’t been safe either.
SMCI is the latter. It was riding high off the AI hype story and association with Nvidia. This stock has been on a tear since Q4 2023 and was due for a pullback. We got that and more when SMCI announced their earnings date with no guidance, a sign of fear perhaps?
In these market conditions an inflated stock with the possiblity of limited growth makes a prime candidate for a short. I’m happy for you all in the live trading room (https://turbooptiontrading.com/live-trading-room/) who made money on this in the first quarter, I just hope you protect your profits for the turbulence that may continue
Try our free 5 day trial today https://turbooptiontrading.com/free-5-day-trial-program/
This is the TurboOptionTrading Youtube channel. We bring 35 years of market experience to our Youtube subscribers to show how to make money with daytrading. Join us as we do technical analysis, go over options strategies, examine market trends, identify setups and more.
Want to join the Turbo Option community and get even more hot stock picks? Visit turbooptiontrading.com. Turbo Option Trading is for traders of all experience levels from beginners to advanced market participants. We offer educational videos, one-on-one mentorship, a live trading room and even trading capital funded accounts for qualified users.
#SMCI #bearmarket #stockmarketnewstoday #optionstrader #aistocks
