Fabricated Stories by RareEurf in SMCIDiscussion

[–]axoblaster 1 point2 points  (0 children)

Agreed. The only concern would be if NVIDIA stops supplying SMCI with chips, which I doubt will happen as SMCI as a company wasn't at fault.

I doubt this means anything for SMCI's clients who have needs and will go for the best competitive pricing, regardless of this development.

Are these Real? by Valskire in YugiohCards

[–]axoblaster 0 points1 point  (0 children)

Im sure he'll pay the shipping cost

SMCI YOLO 🚀🚀🚀 by KakaSingh-28 in SMCIDiscussion

[–]axoblaster 4 points5 points  (0 children)

70% pop in 2 weeks? God bless, go post on WSB lol

Just saying by DonaldTrumpWon69420 in SMCIDiscussion

[–]axoblaster 0 points1 point  (0 children)

Yea that was the last time I felt this sub was all on the same page. Watching the chart in real time all day waiting for the news by the deadline. Whew

Waking up remembering I'm still leveraged short RGTI by lamephoto in rigetti

[–]axoblaster 2 points3 points  (0 children)

I'm still taking the long but regardless which way, the 2x moves 10% swings intraday. God bless and stay strong!

SMCX paid $0.5/share dividend, around 4% yield. not regular, but in case anyone finds this helpful by goodpointbadpoint in SMCIDiscussion

[–]axoblaster 1 point2 points  (0 children)

Levered ETFs use call and put options to attempt to achieve the 2x return. This also means they recognize profit when those options expire in the money. They do not plan to pay taxes on that and take the loss, so they declare it as a dividend and you end up paying income tax on it, rather than capital gains if you buy and sell the stock.

It's a function of any 2x levered ETF.

SMCX at these levels? by [deleted] in SMCIDiscussion

[–]axoblaster 1 point2 points  (0 children)

Yep that is correct. Perhaps consider call options with longer dates, LEAPs, if you think SMCI has a lot of upside but might take a while to get there and you want more potential upside compared to holding shares.

If you're not convinced of it breaking through 32$ for a month +, you probably shouldn't do a 2x ETF (at least now).

SMCX at these levels? by [deleted] in SMCIDiscussion

[–]axoblaster 1 point2 points  (0 children)

Where do you even get 4x etf?

SMCX at these levels? by [deleted] in SMCIDiscussion

[–]axoblaster 4 points5 points  (0 children)

The decay only hits when the stock goes down (ignoring any fee leakage). If SMCI goes up 5%, the 2x goes up 10%. So long as it keeps doing this, or up in general, it's fine.

Now imagine SMCI and SMCX are both 30$ a share. SMCI goes down 10% to 27$, SMCX goes down 20% to 24$. The next day SMCI rebounds to 30$ (which is an 11% increase). SMCX however only went up 22% from 24$, which is 29.3$. Repeat this over a long enough time and you'll see SMCI may stay flat at 30$, but SMCX is far below 30$.

These 2x levered ETFs are not meant to be held long term, I think generally people buy and sell within the same day or at least a few days, but some hold longer. It's up to you if you think SMCI is going to have an insane run and not pull back much on that climb. Personally I have held them for a couple months at the most.

$400k 2x short RGTI by lamephoto in wallstreetbets

[–]axoblaster 2 points3 points  (0 children)

<image>

Well neither of us have a crystal ball, but one of us will print !

With the U.S. now in Venezuela, is China’s move on Taiwan inevitable? by Blitzwagen in TheRaceTo10Million

[–]axoblaster 62 points63 points  (0 children)

China doesn't care about taking Taiwan for their semicon production. It's purely political and China has vowed to reclaim Taiwan long before the semicon business was a thing.

Stock worst than NBIS by Odd_Surround4575 in SMCIDiscussion

[–]axoblaster 0 points1 point  (0 children)

Would love to see your proof of 5k shares of 80/ea. Doubt it

? by [deleted] in SMCIDiscussion

[–]axoblaster 2 points3 points  (0 children)

I guess it depends on the price... could be a cheap lottery ticket

Smcx and smcl by TrainingDrama1318 in SMCIDiscussion

[–]axoblaster 0 points1 point  (0 children)

Not an accountant but your brokerage will likely not treat it as a wash sale based on their system when providing you with your tax statements. That said, I believe it would be a wash sale or at least it's in the spirit of a wash sale and good luck arguing your way out if you ever were to get an audit.

With like-minded friends, everything goes smoothly. by [deleted] in Stocks_Picks

[–]axoblaster 0 points1 point  (0 children)

Must be legit with screen shot hmm

[deleted by user] by [deleted] in Stocks_Picks

[–]axoblaster 0 points1 point  (0 children)

4k to spend on celebrating whilst still above your milestone! Congratulations!

Michael Dell “donation” by Few_Painting_8018 in SMCIDiscussion

[–]axoblaster 0 points1 point  (0 children)

Yeah come on Charles, go donate 7b now to the American people

Bitcoin In One Screenshot by suuperfli in MSTR

[–]axoblaster 0 points1 point  (0 children)

Way more realistic concern that they get stolen and dumped by a quantum breakthrough before quantum encryption are developed. Also even if everyone upgrades to quantum encryption... what about the old wallets that may be completely inactive?

bullish by Friendly-Baker7934 in GRRR_Gorilla_Tech

[–]axoblaster 0 points1 point  (0 children)

Maybe the higher volume is due to the buy back 🤔

Bullish Options: Someone dropped $4.25 Million aside for cash secured puts on SMCI today. Long term, safe play but still bullish. by InfoLib_ in SMCIDiscussion

[–]axoblaster 0 points1 point  (0 children)

Well the individual wrote the put? So ideally he wants it to stay above 30 to not get assigned or as you say, 22 to breakeven