$SUPER MICRO COMPUTER INC(SMCI)$ has been extremely volatile. The announcement of no-wrong doing by their internal investigators may not mean much as these were conducted by an employed director.
But if the newly appointed External Auditors come up with the same assurance, SMCI will possibly rocket ip again.
I see a very similar pattern to MSCR. Any good news will trigger a seismic movement.
But you have to have a strong heart to play these kind of stocks. Very high risk, super high rewards.
SMCI Drops After NDX Removal: Can It Recover?
SMCI drops 8% after its removal from NDX.
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Can it recover or head down under $30?
What's your target price for SMCI?
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Comments
yes, it’s true, highly volatile