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$Super Micro Computer (SMCI.US)$ should I still hold it or c...

$Super Micro Computer (SMCI.US)$ should I still hold it or cut lost now? worried 😟 😨
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  • BuyFirst ThinkLater : If you think it will rebound, you can average down
    If you think it will go lower, better sell first
    I think it will drop one or two more days so personally I will sell it today

  • 102612452 : It depends on your risk appetite, but the most important question is, do you still trust this company, if yes, hold it and pray that it rebound hard. If not, then it’s probably wise to look for a window to let go, end of the day is a coin flip🫢 we can’t decide for u.

  • 103861416 : If it's the Malaysian stock market, you should immediately sell the stocks. Even in the strict US stock market, there are resignations from auditors.

  • MK GD : you don't have choice look like

  • 10baggerbamm : the real issue is this is the second accounting firm that quit. the letter that accompanied them walking away is very direct is very Stern. it's going to be extremely difficult for them to find an accredited accounting firm that is willing to take on the risk and the liability when you have one of the largest accounting firms putting in writing and now it's well publicized that they can't trust the information that they were provided by management.
    I think there's a very good chance in the coming days two things are going to happen number one doj is going to intervene you're going to have Elizabeth Warren all over this asking for a full investigation and I think secondarily you are going to see them delay the release of their financials for this quarter because nothing has been able to be certified. and when you don't have audited financials and you are a US company you can't trade on any exchange. so there's potential for two major bad news events coming number one a doj investigation and it's evident that there's some very guilty people within this company right now that intentionally committed fraud and they are cooking their books this is not honey pot accounting this is fabrication taking place which means ultimately all parties involved are going to be in handcuffs.
    whatever is left of this company it's going to require a turnaround expert to come aboard and fix it.
    I know there's a lot of people here that have bought the dip on a many companies bought the dip on this one today and probably trade it out I think you're playing Russian roulette because at any point in time the stock can halt trading and not open up for several days and I have seen that happen before not with this company but with other companies in the past

  • 102612452 10baggerbamm : Yeah, it’s just a matter of time that they got expose hard.

  • 1福星高照1 : I have hope from the highest point of 1140. This stock is the most severely loss-making. Stay away from this rubbish, it is heavily manipulated, as negative news has not yet been fully disclosed and will continue to fall.

  • AD999 10baggerbamm : Complete explanation.. thanks for your comment

  • 104891849 OP 10baggerbamm : I cut lost d. sell all d ya. thank you so much

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