I'm new to this, and I want to better understand what's happening here. Is this yet another example of sell the news?
I bought SMCI week ago at $55 and was under an impression that 10-k would quickly propell share price to $65+. Days passed and market started to have doubts bottoming at $45 right before market has closed on deadline day and from my perspective I took extra $10 gamble per share.
10k was filed and price quickly shot up to $55+ pre-market which is good news except the fact that market opened below $55 and is still hovering around that price
I could have waited for them to file 10k, avoid all that uneccesary stress and risk and still came up with cheaper shares at the end of it. WTF? Didn't market climb all the way to $65 and then hover around $55-60 leading to 10k? What was the point of that gamble with all the risk and 0 upside?
I get it that market is forward looking but why was it pricing 10k at $55 before filing despite all that risk?