The Art of Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Art of Investing

PICK 58.15

+2.7%

Jan 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sun Tzu who wrote (8903)	10/30/2024 11:00:24 AM
From: Sun Tzu	4 Recommendations Recommended By sixty2nds skier31 toccodolce y2kate Read Replies (1) of 10762

And the band played on... Super Micro (SMCI) — Shares dropped more than 30% after disclosing that an auditor resigned. The auditor from Ernst & Young had disagreed with the firm for months over its governance and board independence. Message #8903 from Sun Tzu at 9/26/2024 11:22:23 AM As I was saying... if the management feels greasy, stay away. This was (and still is) my number one issue with SMCI. I will not be surprised one bit if over the next 6 months they sink due to "poor financial controls and reporting" and be forced to reinstate their results. Super Micro falls after report says US DOJ probing server maker Sep 26, 202415:11 UTC SMCI-11.78% Shares of AI server maker Super Micro Computer SMCI fall 11.8% to $400.14 in morning trading SMCI is being probed by the U.S. Justice Department following a critical report by an activist investor short-selling firm, the Wall Street Journal reports, citing people familiar with the matter I hope this lesson has now burned deeply in your psyche. Don't invest in shady companies (or shady people) no matter how alluring they look. You will not be able to put a stoploss for such stocks. When the news comes out, they will gap down and your stoploss won't mean zip.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next