Keep observing first and wait for the right opportunity.
If you have been paying attention to my comments, I bought stocks on the day Hindenburg Research went short. The price at that time was around $50. I continued to hold the stocks, and also submitted the investment amount and loss to the law firm of SMCI company. The stock price continued to drop, and I bought more at $40, then again at $30. When it dropped to $17, I firmly believed that the company would not be delisted, even though my unrealized losses exceeded 60%. Afterwards, when it rose to $30 and then dropped back down, I bought more again. I still remain Bullish on this stock, waiting for the opportunity to Buy again...
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不問妳爲何流眼涙 不在乎妳心理還有誰
且讓我給妳安慰 不論結局是喜是悲
走過千山萬水 在我心理妳永遠是那麼美
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努力变富 : Have you sold it already... Do we still have the feelings we found in it?
AI 如 潮 水 OP 努力变富 : So I understand your feelings very well, I also believe this is a good company, and will Buy again, fighting alongside SMCI.
努力变富 AI 如 潮 水 OP : Based on your experience, how low do you think it will go?
AI 如 潮 水 OP 努力变富 : I think the current price is already very cheap. I will first observe the performance on Monday. If it falls below $30, I will Buy some immediately.
JIAYEN505 AI 如 潮 水 OP : Why u mentioned below 30 not below 20. R u looking for any support news.
AI 如 潮 水 OP JIAYEN505 : Considering the CEO's confident statement regarding the submitted report, if it is below $20, it is equivalent to facing the crisis of being delisted. Nasdaq has given a deadline of over two months, which should be enough time to complete. In case it really drops below $20, it is a very attractive price, but we still hope it won't fall to this low point; otherwise, more positions will need to be added.
JIAYEN505 AI 如 潮 水 OP : Now, also worry BDO like Earns and Young suddenly resign. Report cannot come out. It will be happening delisting in Feb 2025. So now also very unexpected till Feb 2025 submission. Now everything is still early.
AI 如 潮 水 OP JIAYEN505 : I believe that after this test, the management will no longer take this incident lightly. Personally, I think it would be best if the Earnings Reports could be submitted before the Chinese New Year. On the one hand, it can address the reports that need to be submitted for 2024 and ease investors' concerns, while also preventing BDO from backing out at the last minute.