$Super Micro Computer (SMCI.US)$ the only way I would want t...
$Super Micro Computer (SMCI.US)$ the only way I would want to go near this company is from throwing a dart at a 6-month next year (June) $50 strike call option. you're going to know in the next two months what's going to happen to this company they either are going to get an accredited accounting firm to sign off and verify and dispute any issues and put their neck on the line or you're going to see h&r block do their taxes.. 🤣 either the CEO is getting marched out in shackles and handcuffs or he isn't. so risking money a lot of money with the anxiety because that's really what it comes down to not knowing is why I would never touch this company because typically when there are accounting concerns they only get worse it's like being a little pregnant it doesn't go away it only gets worse. so if you go out to June of next year that's plenty of time you throw a dart you buy it out of the money call buy a 50 strike where it was a week ago and you see what happens you know what your losses you can manage your risk by buying that call you know exactly what you will lose guaranteed which is the cost of the option.
I would not put real money into this company anymore than right now this is viewed as a casino bet literally walking into a casino and with a roulette wheel and you got red black green and you're drawn to that pee spinning like a fly is to a light. that's what super micro is to me at this point in time. there is also a 2X leverage ETF it's down around $3 they have options also so if you really want to swing for the fence go out in a leveraged ETF and buy the call options again I go out till next June that's plenty of time to get these concerns satisfied one way or another and either this company's going to be delisted or the stock will be back up to where it was. The leverage ETF you're going to magnify your returns that much more. that's the only way I would touch this is think of it as having a drink going to the casino putting some money on a color and let the random chance of luck determine the fate and your outcome. i would not put serious Capital into this company I would only buy it using an option and whatever happens happens at that point you're not going to be panic stricken on a day-to-day basis if it goes down $5 $10 who gives a shit you know what your loss is and you got till expiration date.
that's my two cents
go out there and make some money
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
R/Everythingstocks
2195Followers
25Following
15KVisitors
Follow
MonkeyGee : ha...![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
105251507 : e&y dont sign..what make other auditor sign?
Djakin470 : I have an Auditor friend and he said for an auditor to walk away there is something big that they are hiding. No Audit company will walk away from a 2 million dollar paycheck . More news to follow. Buy puts dated out to early next year to hedge your positions.
Deep Sea 105251507 : other auditors I believe won’t dare to sign.
105251507 Deep Sea : yup ..if u sign..u will put your career and free life(prison) in stake
72993459 : it sounds like you lost a lot of money sorry
stderr : See Arthur Andersen