Look for sub $600, and good luck! Keep your stick on the ice.[LOL][LOL][LOL]
The $2M stock offering truly drags $SUPER MICRO COMPUTER INC(SMCI)$
The good news is they have cash, but they are “spending” this cash with profit margins on anything sold in the future still at 7.92%. I don’t think how any of you who post here daily; think, Super Micro is a good value?
At a 1:1 market cap to gross sales, it’s a good value, and that’s back down at $300 per share.
I personally think $530-590 will be the extent of any pullback coming…”if” next quarter is blowout again, and profit margin rises.
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