On SMCI plunge. Positioning was weak into earnings. Management are stupid though, wasted the opportunity of stock split bullishness. I dont know why they announced it at a time when market momentum was so poor. had they preannounced it even a few weeks ago ...

Had they pre announced it a few weeks ago, they would have been trading at 1200, since July 17th, they were already trading at 850.

SMCI has a habit of preannouncing results too when theyre strong. They ddint this time, which also cotnributed to their pre earnings sell off.

Announcing it when their positioning was so poor and market momenutm was so poor was just a poor move and totally wasted the bullishness of the stock split. They could have seen a strong run up from that had they played it right.

Also, margins were a bit poor. Earnings report was going okay until the margins.

At forward x20 earnings, there is attractiveness here for longer term hold.