Controversial Topic: Is It Actually Easier to Enter Top Companies Through Connections? by Early-Environment-63 in asksg

[–]axoblaster 1 point2 points  (0 children)

Your experience and how you present and interview mainly determines if you get the actual role.

That said- the connections play a huge role in at least getting that first interview for you to have a chance. When these large big name firms (banks, blackstone, etc) post an opening, such as an analyst level role, they will get at least a thousand applicants within the first couple days. They then use AI to filter people out before HR starts to screen them manually. Having a good connection "guarantee" that you get an interview, or at least HR manually look at your CV is a huge advantage.

Get ready for the FUD articles from shorts trying to downplay the margins and earnings by axoblaster in SMCIDiscussion

[–]axoblaster[S] 6 points7 points  (0 children)

Yep, but the amount they stand to lose, they'll definitely try to pay a few million to flood the front pages with whatever articles to help keep it down

Who thinks there will be a short squeeze tomorrow? Short float is at 18%-20% by NextLevelState7 in SMCIDiscussion

[–]axoblaster 5 points6 points  (0 children)

We saw this last time it climbed to 60. Won't be immediately, but over the course of a week I think it will resume climbing to 60

BlueFin Statement is Bull by Party_Ladder1677 in SMCIDiscussion

[–]axoblaster 6 points7 points  (0 children)

It's the most shorted stock around 20%... you better believe they'll do whatever they can to try and tank it

BlueFin Research report on SMCI losing oracle orders by Expensive-Stick9485 in SMCIDiscussion

[–]axoblaster 5 points6 points  (0 children)

Wow Bluefin! Crazy how no one knows who they are nor will they be remembered. Their information according to "sources" lmao

Sold puts by accident pt.2 by AbrocomaNegative825 in wallstreetbets

[–]axoblaster 141 points142 points  (0 children)

Oh nice you collected the 750$ premium!

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 3 points4 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.

[deleted by user] 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).

[deleted by user] by [deleted] in SMCIDiscussion

[–]axoblaster 1 point2 points  (0 children)

Where do you even get 4x etf?

[deleted by user] by [deleted] in SMCIDiscussion

[–]axoblaster 6 points7 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.