SMCI reported earnings after the close, a miss on earnings but a beat on revenue, raised guidance, and it announced a 10-for-1 split. The stock shot up 19% after hours, before giving that all back, and now it's down about 14% after hours.
A lesson here is that a PEG < 1 is not cheap enough in this market. For our next long position, I'm going to want an overall valuation rating >=6 (SMCI's was 4).
Exited the HOOD call spread at $0.89 today, for a profit of 170%.
SMCI reported earnings after the close, a miss on earnings but a beat on revenue, raised guidance, and it announced a 10-for-1 split. The stock shot up 19% after hours, before giving that all back, and now it's down about 14% after hours.
A lesson here is that a PEG < 1 is not cheap enough in this market. For our next long position, I'm going to want an overall valuation rating >=6 (SMCI's was 4).