6et1
10-31
With the auditor's resignation and ongoing investigations by the Department of Justice, it's hard to see a bottom in sight for SMCI's stock price. The stock has already plunged nearly 30% following the news, and as more information comes to light, investor confidence is likely to erode further. The company's history of financial mismanagement and the recent allegations suggest that the downward trend will continue, making it a risky bet for any investor.
Given the current situation, SMCI is not worth investing in. The company's financial troubles, coupled with the lack of transparency and accountability, make it a high-risk investment. Until there are significant changes in management and a clear plan to address the issues, it's best to steer clear of SMCI. Investors should look for companies with stronger governance and a more stable financial outlook.
Is SMCI a Comeback or a Dead Cat Bounce?
SMCI rebounds near 60% this week. ----------- Is it a comeback or a dead cat bounce? What's your target price for SMCI?
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