Back from the dead. I still own some Feb 2025 50 calls. I think the crazy after hours action is probably the shorts exiting. I mean why would it go up so much otherwise? I sold the last of my SMCI right after the Hindenburg report. I sold most of it during the run up to $700-$800. If the new auditor doesn't find too many problems it should eventually get back to 15-20 P/E. That's $48-$64. I bought about 50 shares SMCX yesterday. This morning I bought some SMCY -- I didn't even know it existed until today. It should be good for like 10-15% dividends for a few months. SMCY was up about 60% of SMCI after hours. The math of these 2X ETFs is pretty powerful for 50-100% gainers. I believe if SMCI gets back to $64 & using today's regular hours close of $25, it would be a gain of 1167%* for SMCX if you hold. I had the PLTR 2X ETF and I was up like 150% in like 4 months. I knew it would come back since the last accounting scandal they had in 2016. It came back then too. Of course back then no one heard of them except people who used their products. Their products are dirt cheap compared to CDW, Dell, HP, etc. I used to build storage servers to hold my DVD & BD ISOs & Supermicro servers are unbeatable in price. You can go on eBay and buy complete storage servers for under $1000. At the majors you'd be lucky to pay $3K. * (1 + (64/25))^2 == 12.6736
I'll sell my 2x etf tomorrow probably above 50 if it gets there. I think for fun I'll short some 2x after I sell it if the borrowing fees are low. Still think it needs time to settle through this so it's going to be quite a volatility stock through the months ahead.
All they have to do is buy bitcoin, and you'll see 100 overnight. Everyone has to copy mstr if they want to see unlimited gains.