I was intrigued by a post over on /wsb from a guy who hit it big with SMCI and decided to plow five million bucks into MDB pre-earnings.
When earnings came out, the stock went flying higher, providing a profit of about $700,000 to this bold person’s position. As you can see, it didn’t last. The stock is falling hard now, and although I have no inside knowledge as to where this chap’s position is, I suppose he probably is hanging on and is about $600,000 in the hole.
MongoDB is a mess of a chart, and personally I think this guy should ditch his position immediately. This stock is a fat, choppy pot of slop!
