#Super Micro's earnings ignite Asian chip stocks
When I saw $SMCI rise 18.93% in a day and hit a high of 38.07, my first reaction wasn't excitement—it was suspicion that someone might have known something ahead of time. The earnings guidance lifted Asian chip stocks, and the move from a low of 30.99 to 37.95 today—a 22.85% swing—isn't something the news alone can explain.
Trading volume was only 24.3 million USDT, not enough to support such a big rally. It looks more like a short squeeze in the futures market than genuine long-term money coming in.
I'm leaning toward caution: if the earnings report really marks a shift, volume shouldn't be this low at just 24 million. If it can't hold above 38.07 and falls back below 36, then I'm wrong.
Do you think this is a genuine reaction to the earnings report, or a false breakout caused by a short squeeze?
When I saw $SMCI rise 18.93% in a day and hit a high of 38.07, my first reaction wasn't excitement—it was suspicion that someone might have known something ahead of time. The earnings guidance lifted Asian chip stocks, and the move from a low of 30.99 to 37.95 today—a 22.85% swing—isn't something the news alone can explain.
Trading volume was only 24.3 million USDT, not enough to support such a big rally. It looks more like a short squeeze in the futures market than genuine long-term money coming in.
I'm leaning toward caution: if the earnings report really marks a shift, volume shouldn't be this low at just 24 million. If it can't hold above 38.07 and falls back below 36, then I'm wrong.
Do you think this is a genuine reaction to the earnings report, or a false breakout caused by a short squeeze?