$Super Micro Computer (SMCI.US)$
read this from CNBC: Super Micro's $50 billion stock collapse underscores risk of AI hype
The stock plunged 33% on Wednesday, after the company disclosed that its auditor, Ernst & Young, had resigned, saying it was “unwilling to be associated with the financial statements prepared by management.” It was down another 16% as of 10 a.m. ET on Thursday.
Super Micro is now at risk of being delisted from the Nasdaq, and has until Nov. 16 to regain compliance with the st...
read this from CNBC: Super Micro's $50 billion stock collapse underscores risk of AI hype
The stock plunged 33% on Wednesday, after the company disclosed that its auditor, Ernst & Young, had resigned, saying it was “unwilling to be associated with the financial statements prepared by management.” It was down another 16% as of 10 a.m. ET on Thursday.
Super Micro is now at risk of being delisted from the Nasdaq, and has until Nov. 16 to regain compliance with the st...
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$Super Micro Computer (SMCI.US)$
I bought at 498 and sold at 424 to cut loss. Luckily did not buy so many shs so my loss is still manageable. Painful but good lesson learned.
I know there are some who are stucked trying to convince others to buy more to leverage the price. To be honest, I don’t think it’s worth waiting given the gravity of the recent development. You can search online and most of the times when it involves resignation of independent auditor, especially citing no-confidence as on...
I bought at 498 and sold at 424 to cut loss. Luckily did not buy so many shs so my loss is still manageable. Painful but good lesson learned.
I know there are some who are stucked trying to convince others to buy more to leverage the price. To be honest, I don’t think it’s worth waiting given the gravity of the recent development. You can search online and most of the times when it involves resignation of independent auditor, especially citing no-confidence as on...
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$Super Micro Computer (SMCI.US)$ its close to end of Sept snd still no news on 10k. Worst still is tt there is no explanations from the mgmt. i only hear ppl in comment section (prob chinese or taiwanese) encouraging ppl to buy while its >50% from its peak. i dont know, personally id only decide once they hv filed their annual report.
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$Super Micro Computer (SMCI.US)$ 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...
TBH, there are so many uncertainties about this counter. i...
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$Super Micro Computer (SMCI.US)$ Too volatile and lots of speculation & rumours. I’d rather wait for Company’s reply to shortseller’s report before deciding whether to invest or not. Why they dont even bother to make sny statement till now?
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$Super Micro Computer (SMCI.US)$ i hv to cut loss and go. they are right: dont try to catch a fallingknife. better lose a little bit than hold on to a sinkking ship.
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$Seatrium Ltd (5E2.SG)$ US bad news it’s down, US good news it’s also down. B4 shs consolidation blame short seller. After consolidation still blame short seller.
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$PING AN (02318.HK)$ waiting for $30!
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$Seatrium Ltd (5E2.SG)$ this is shit. management consolidate the shares to curb short trading but the recent movements just proves that they are wrong. The roots of the prob is they fail to convince the market on the ability of Seatrium to recover….
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$Seatrium (S51.SG)$ shs is dropping after Investor Day. This is because Seatrium said it will be increasing its debts to $2-3 billion from $750 mil but gives no visibility on corresponding increments of its current $16 bil order book. All that it said is how it’s going to acheieve $1 bil ebitda and 8% ROE by mainly cost saving measures. Investors are in fact looking for growth factors to justify the debt. Unfortunately Seatrium management fails to address it.
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