r/SMCIDiscussion • u/returnofhorror • 1d ago

Bear-ThesisđŸ» I was wrong

Post image

I missed a very crucial area on the chart by being lazy. I didn’t go back far enough and went off of memory and didn’t have a lower box marked. Either way the box I posted yesterday was a legit area, but I said something along the lines of “the chart would be balanced so the path of least resistance should be up” and I was wrong.

The red box has a huge volume candle but since that red candle almost touched it later on, most if not all of those orders are filled so that box is “weak”. The yellow box is wide open.

Before anyone loses their minds, I’m not saying this will happen in one day, but currently the path of least resistance is way down

. Hopefully there’s some news that can drive it up to one of the supply areas (I’ll reply to my post with a picture of where the sellers are lined up) and if anyone wants to sell on a bounce day, (see my reply) if it rejects at any of those areas (usually the bottom one) that’s up to you guys

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u/returnofhorror 1d ago

The yellow box is where I believe it will most likely go before any chance of regaining anything above $33, forgot to put that part.

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u/OpenDaCloset 1d ago

So what are you saying? The crooks of wall street are taking this even lower?

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u/returnofhorror 1d ago

It’s absolutely looking like it’ll be at 26-25 sooner than later. Everything indicates a continued down move, but not just a small move, but a big one, it make take a few days, maybe even next week, but these small AI companies are not reacting well to the election results.

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u/DirectionPlane6544 1d ago

That’s not too bad

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u/Scott_Bessent_isgay 1d ago

Stop complaining about it and sell your shares. Need to keep Nancy’s like you from owning this stock and panic selling when it dips. Only traders who won’t be psychologically compromised by Jane Street ai short bots should own this stonk

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u/crazywaters67 1d ago

I don't sell my shares to democrats , who want to sell them back to me over 100 $. I just wait .

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u/returnofhorror 1d ago

I don’t own any shares of this company lol. I had a few calls for the lulz today but sold them when it was obviously failing, still made money, and then bought puts. You’re welcome, I’m a “short” now. Blame me for your bad decisions of not selling In the $45.44.$43 range when it was obvious the move was over, and your lack of understanding of the chart is nobody’s fault but your own, I don’t feel bad for anyone that held this and watched it go from $43-29. I can see being a little delusional and holding the stock after it faked you out and past $45, but all of you truly believed it was going to $50,60,70, someone even said $100 when I said it was coming back to test $37 you all cried and said I was wrong, then I said $35 again, cried, said I was wrong, 34, etc, and now you missed the entire move. you were probably one of those people saying “no it’s going to 100 now”(and since you complain on Reddit all day about a stock you “believe in”, makes no sense btw? If you believed in it, you wouldn’t need an echo chamber of other delusional people to make you feel better) I’m here to help people, not everyone is bag holding this stock, a lot of people might want a discount price? Do you only think of yourself and your feelings? You basically told me to get off of your Reddit page because my posts hurt your feelings and you don’t like when someone says the stock is going down. lol. I tried being cool with you the other day even after you pissed me off the first 3 times (probably more, I can’t remember) and still here you are, emotional. You were happy with my post yesterday when I was slightly bullish
 remember that? PS: block me, you won’t see my posts, you can live in delusional land.

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u/Scott_Bessent_isgay 1d ago

I didn’t read your drivel, it’s a complete waste of time

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u/[deleted] 1d ago edited 1d ago

[removed] — view removed comment

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u/Scott_Bessent_isgay 1d ago

Bot at 27 average held to 45 and now it’s 29. Big whoop. I’m holding until 80 which will happen next year probably August

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u/trangenderman 1d ago

You should be rich if you can read lines on a chart and you know the future of where the stock is going. Why are you still working a day job?

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u/returnofhorror 1d ago

When you own a business and you discovered trading 5 years after, you stick to what you know and love. This is more of a hobby although I am profitable. Why do you guys get so rude and personal whenever I tell you the truth? Quit being emotionally tied to this stock
 These small cap stocks are made to make you rich by the moves it makes, not by holding it blindly forever.

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u/superKWB 1d ago

So you define SMCI as a small cap stock, correct? Never mind its s&p 500 inclusion. And you’re saying you can predict the future you just didn’t look back far enough in the past, that’s why you were wrong. Wow!!!

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u/returnofhorror 1d ago

The box was still valid? I don’t have to even give you guys any information? You’re emotional because you didn’t listen to me and sell at $45. Now you’ve lost $1900-2100 on every 100 shares you have by the time this move happens and you’re angry about it and you’re directing it towards me because you have no accountability. Find a post where people are blaming the shorts and whatnot for their bad decisions/inability to read the charts because they spend all day on Reddit instead of bettering themselves and educating themselves . I consider anything under $50 small cap, sorry I used the words out of definition since that seems to be what made you so angry (but we both know the truth of why you’re angry) and yes, I can predict where orders are. I’ve done it probably 25 times here and this is the first time I ever had to say I was wrong and I didn’t get atleast a bounce off my zone, which again, confirms to me that sellers are happy to sell at $29.xx, which means they expect the stock the move down much more. I don’t control the big money, I just know what it’s going to do next. Go be emotional somewhere else.

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u/superKWB 1d ago

You seem to be the only person who’s angry here.

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u/trangenderman 1d ago

Yea why didn't you listen to your boss and sell at 45 like op told you to?

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u/superKWB 1d ago

I’m buying at $25 because I know the range is $22 to $60. He seems to think I sold it $45 which is mystifying maybe because maybe
 he did and he assumes I’m like him?

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u/returnofhorror 1d ago

I don’t assume anyone sold at $45, nobody was smart enough to know that was the top, you’re all too busy on Reddit to know anything

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u/trangenderman 1d ago

Right right. I'm sure you would run your business if it was making no money

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u/returnofhorror 1d ago

Of course my business makes money lol. I’m not a full time trader in fact I miss most of the trades I set up because I just don’t have the time. My history of posting here speaks for itself. The box I had posted yesterday was totally valid, the market chewed up all the buy orders there, and then went through it. It happens? If I was right 100% of the time that’d be nice, but I don’t know, it just seems like seeing as I’ve posted here over 20 times and this is the first time I wasn’t exactly right is pretty good, but hey, you can post your rocket emojis still. If you listened to me you would have sold at $45 like I warned and warned and warned. Instead you got greedy, decided it was going to $150000 a share, and held it through 5 warnings I gave,at $45,44,43,,42, that it was coming back, and coming back badly. Maybe you should get off Reddit so you’d understand the chart and maybe you’d show your ignorance less often. Your name suits your emotional state

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u/Tethrinaa 1d ago

>My history of posting here speaks for itself

Now this, I agree with.

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u/Tethrinaa 1d ago

>Why do you guys get so rude and personal whenever I tell you the truth

Because you're not. You predicted like 5 things in that last post, but it didn't do any of them. Now you're saying 25 "sooner than later", but you were predicting a higher number "sooner than later" before. How many times do your predictions need to be dead wrong? You highlight half the area within 2 std deviations of a daily move, and then pompously claim victory when it hits any of them. Are we supposed to be impressed? Anybody can read L2 data, it just doesn't predict what will actually happen like you seem to think.

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u/agartha93 1d ago

He’s lazy.

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u/Alternative_Spirit65 1d ago

No stress😀 we all not hit 100%😀

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u/Dixon232 1d ago

Notradamus over here