$SUPER MICRO COMPUTER INC(SMCI)$  DOA! I fail to see how a new auditor will turn around months of anti-stratospheric declines. The AUDITOR?!? The mob everybody is indirectly throwing  money at with absolute confidence they can unpack SMCI's labyrinthine accounts and steer them back to the path of righteousness? What no auditor before them could. Honestly, the amount of dumb money rolling around the xchanges disgusts me considering billions of people we share the planet with can barely earn enough to eat.

# SMCI Jumps on New Auditor: Will it Return to $30?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment1

  • Top
  • Latest
  • Sr1000
    ·11-19 17:21
    What you’re not figuring, is that to get money out of shorts then shares need to be bought back. So regardless of whether this is a recovery or not, was always going to be a bounce for the shorts to be exited.


    Also accounting problems doesn’t automatically mean the company is doomed.
    Reply
    Report