$Super Micro Computer (SMCI.US)$ they finally came out and d...
$Super Micro Computer (SMCI.US)$ they finally came out and denied Hidenburg’s claim but gave no details. Worst is that they said they will address those false accusations in due course. why? It’s been 1 week and their share price has plunged more than 20% and that doesnt warrant a speedy,clear, unambiguous rebuttal to defend their integrity against short seller? their behaviour have raised concern about the truth of Hidenbburg’s report.
TBH, there are so many uncertainties about this counter. i’d trade with caution.
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Stockworld newbie : Yesterday I was hoping it to take a leopard peak but a general drawdown of drums from market due to poor PMi and Nvidia subpoena from court pressurised this stock..
Sigh!! Am still holding at 792.. sad I am !!