A Chart Pattern You Don't See Very Often. Super Micro
Here it is. Obviously something when wrong to drive the price of the stock down 30% in one day. This is a Friday chart. Might Monday morning bring a second wave of selling pressure? The company got messed up breaking U.S. export rules. The companies co-founder Wally Liaw, age 71 got arrested for helping Chinese customers getting Super Micro servers containing high - powered Nvidia artificial intelligence processors in violation of U.S. export-control laws. Now here are what this weeks $20.00 series of Calls are priced at going into Monday's morning. Might this event get shrugged off over the weekend? Who knows. Here is the answer, fifteen minutes into the Monday morning trading session. What do I know? Not much. I am suprised that the stock didn't open higher. This could be the second wave of panic selling. Now could be a good time to buy. To be continued. Now this at 10:52 a.m.. Not a bad trade if you're happy with a quick in and out. Opening mornings this strong a...