Super Micro Computer Inc. (NASDAQ:SMCI)

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  • joelsg1: $NVDA Bounced off the 50d $140, prior resistance is now support, as Jensen does media interviews including a good one on Bloomberg. To me, a big winner from last night was $SMCI, which Jensen did not mention but if you looked closely at video display there was the SMCI liquid cooled rack for data centers in the lower right. Their founder CEO is unintelligible, but the stock looks to have bottomed after their 10-1 split, accounting troubles and now perhaps resurrection. Long both.
  • Bert953: #Listo'Squeezes or near squeezes: $AMP $AMZN $APP $ASML $BIO $BRK/B $BURL $CRWD $DECK $FDS $ FTNT $GEV $GSOL $HUBS $MCD $MDGL $MOH $MPWR $NFLX $NOC $NTRA $ONON $SEDG $SMCI $SMH $TMO $V $WSM
  • Bert953: @Amisure $AMP $AMZN $APP $ASML $BIO $BRK $BURL $CRWD $DECK $FDS $GEV $GSOL $HUBS $MCD $MDGL $MOH $MPWR $NFLX $NOC $NTRA $ONON $SEDG $SMCI $SMH $TMO $V $WSM #Listo'Squeezes some @Dan mentioned others I wrote down after banging thru stocks using the Mark one eyeball.
  • Motorman: @joelsg1 $CACC $CVNA Heard some analysts backing it up, FWIW. Hindenburg short on $SMCI was a big wipeout for me. Though admittedly I should have been out of the stock before, if I stuck to the charts.
  • joelsg1: @Motorman $CACC $CVNA $SMCI Hindenburg has a good at least st track record, as opposed to say Andrew Left and Citron. Of course, just after their short reports are put out, these guys are covering/taking profits.
  • Motorman: @joelsg1 $CACC $CVNA $SMCI Yeah, the day of short on $SMCI not much happened but then the next day they delayed the 10k and that was the end. I still think there should be some rules about short reports.
  • joelsg1: @Motorman $CACC $CVNA $SMCI Actually like $SMCI here on next bounce above 50d, esp. if they get cleanish report from new auditor BDO in next month, but not for the faint of heart.
  • billyzeke: $SMCI has taken off, no position.
  • stairm01: @billyzeke $SMCI Thanks for pointing out. I jumped on some calls and out quickly with a $565 gain.
  • billyzeke: @stairm01 $SMCI You are welcome, and nice work!
  • Motorman: $SMCI Looks like wants to make a move, just moved about 5%.
  • joelsg1: @Motorman $SMCI Gained Nasdaq extension through 2/25 for required filings. Long with posted spreads.
  • Motorman: @joelsg1 $SMCI Yes, heard on Friday while driving, stopped and added. Read on another forum possibility of squeeze.
  • joelsg1: @Motorman $SMCI The only things preventing me from going even bigger is the CEO's incomprehensible accent and history of questionable related party channel stuffs.
  • Motorman: @joelsg1 $SMCI Yes, I agree with you. I heard an interview once and it was difficult at best. The "family" business does cast some suspicion. and of course this is not first time. I am trying to recoup...alot. Trying to decide if I should take losses against gains.
  • traderbren: $SMCI - getting closer to closing the upside gap at 46.75
  • Henry: #News The world's largest hedgefund, Bridgewater, (never heard of them, dumped $NVDA for $SMCI $AMD and $PLTR $STLA CEO resigned $TSLA Roth and Stieffel had good things to say about their FSD
  • BocaRick: $SMCI files 8-K up $6
  • Henry: @BocaRick $SMCI I don't see any mention of the family dealing in the news this am, but no restatements of earnings, no evidencr of fraud
  • BocaRick: @Henry $SMCI #Reuters 9:25 alert - no restatement- new CFO #Cramer talking
  • Henry: @BocaRick $SMCI #Reuters #Cramer The special committee was 1 person. Cramer doesn't think it's over
  • joelsg1: @Henry $SMCI #Reuters #Cramer Now that's an efficient "committee" :)
  • bigbartabs: @Henry $SMCI ... news sounds good, chart looks good rising above the 50dma, and above the upper trendline. Likely a good place to start a position.
  • joelsg1: @woodman $NVDA Can't forget $SMCI as this article does, ever since Jensen reiterated they are "trusted" partner. Posted spreads working on morning's news of single-member committee blessing financials.
  • woodman: @joelsg1 $NVDA $SMCI - https://www.barrons.com/articles/super-micro-stock-probe-fraud-cleared-2360815a
  • joelsg1: @woodman $NVDA $SMCI Article behind paywall but I know the facts. (I have a way to get behind most paywalls using an archive site, but can't use too frequently.)
  • joelsg1: $SMCI Mixed feelings and results on this one due to acct. snafus and incomprehensible CEO...But it bottomed and doubled from 6 days ago on increasing volume, hired a second-class auditor and Jensen still called it a trusted partner. Opened March $37-48 call spreads.
  • Doug: @joelsg1 $SMCI I am reminded of the Peter Lynch quote. ‘Go for a business that any idiot can run – because sooner or later any idiot probably is going to be running it.’ Maybe the underlying business is still sound. I don't really know.
  • joelsg1: @Doug $SMCI Gotta figure Jensen's word is that it is.
  • Motorman: $SMCI $30.00
  • Motorman: @shoredriver Yes, it can be! But $SMCI tested them.
  • bigbartabs: @Henry $SMCI ... looks like earnings are tomorrow
  • Henry: @bigbartabs $SMCI but who is going to believe them?
  • bigbartabs: @Henry $SMCI ... somebody must be... up 25% this morning
  • Henry: @bigbartabs $SMCI They found an accountant yesterday after the close, but what can an accountant do in 2 days?
  • Motorman: @bigbartabs $SMCI Shorts
  • traderbren: $SMCI - definitely a dumpster dive trade but getting a bid...for now.
  • Henry: $SMCI Up 15% in pm. They found a new auditor. Seems overacting to me. np
  • Henry: $SMCI 21%
  • jpoko13: Just a little tidbit...I was listening to a local investment firm on talk radio on Saturday and he brought up how $SMCI may be cooking the books. He went on to intimate that if $NVDA is doing similar accounting practices, the stock could plummet $60 or $70. He went on to ask if anyone knew who Nvidia replaced on the S&P 500 back in the day. ENRON LOL
  • marklesparkle: $SMCI so if their accountants resigned what does that say about the truthfulness of their earnings report
  • woodman: @marklesparkle $SMCI - trading this is one thing (not for me, but whatever). But if you're asking about the books/fundamentals/integrity of the company and its executives, you're essentially asking about an investment. To that, I'd say stay the hell away.
  • marklesparkle: @woodman $SMCI No woodman I wasnt asking because I know to stay away from that one I was just making a statement that they are probably full of s***.
  • woodman: @marklesparkle $SMCI - Ahh, right on!
  • RichardinME: @joelsg1 $SMCI Have to wonder if taking just a couple hundred shares might be a good gamble......But this thing defies the 59 trade rule as it just keeps falling.
  • SkyPilot: $SMCI 59er?
  • Henry: @SkyPilot $SMCI The news is Ernst&Young resigned over transparency issues. I wouldn't look for a bounce, on that kind of news, it will be headed lower. Hard to borrow to short.
  • scottrades: @Henry $SMCI "We are resigning due to information that has recently come to our attention which has led us to no longer be able to rely on management's and the Audit Committee’s representations and to be unwilling to be associated with the financial statements prepared by management, and after concluding we can no longer provide the Audit Services in accordance with applicable law or professional obligations.”
  • kenb: @SkyPilot $SMCI not for me. First the short report, then the delay in SEC reporting, and now this. It's never good when your auditor resigns, especially when the first two situations happened. Look out below...
  • traderbren: @SkyPilot $SMCI - nope, I wouldn't touch it.
  • billyzeke: @scottrades $SMCI I assume this news is what is weighing on $NVDA this morning?
  • scottrades: @billyzeke $SMCI $NVDA Could also be AMD, which is down 7% at the open. Seems like a sector move.
  • Wolf: @scottrades $SMCI $NVDA $SMCI Supposedly, Ernst & Young resigns as its accountant is why. Maybe 59er?
  • kenb: @scottrades $SMCI $NVDA I agree it's $AMD pin action.
  • billyzeke: @scottrades $SMCI $NVDA I just noticed the big drop happened at 8:52, the same time the bottom dropped out of SMCI. I'm definitely not a fan of AMD this morning...it has ruined my $ASML trade too, it's back to where I bought it now at $690....ugh.
  • kenb: @billyzeke $SMCI $NVDA $ASML I sold some $AMD before earnings, and have already bought some back AH yesterday. It's been a long term hold for me and IMHO is on sale right now. Lisa Su always seems to find a way.
  • joelsg1: @scottrades $SMCI The kiss of death from any auditor.
  • billyzeke: @kenb $SMCI $NVDA $ASML $AMD It's a solid company and I trade it quite a bit, just haven't held it long term for a while.
  • kenb: @billyzeke $SMCI $NVDA $ASML $AMD for me as a long-term position investor for capital appreciation, it's been great. Started a large position in 2018 when it was fighting $INTC for market share, I still have a large position with a cost basis of $10. Over the years, I've been trading around the core position, selling a little when it was trading in a high range, and buying back a little at lower levels on pull-backs such as these. And wall street likes Lisa Su. I'm usually not very good at swing trading.
  • joelsg1: $SMCI Said they will provide update on (wait for it) Election Day 11/5 at 5pm et. E tonight.
  • billyzeke: @kenb $SMCI $NVDA $ASML $AMD $INTC Nice!
  • billyzeke: @Max115 $DELL $SMCI's loss is Dell's gain.
  • kenb: @joelsg1 $SMCI they still haven't filed their 10-K for the fiscal year ended Jun 30, and now their auditors resign. Should be an interesting call. Staying far away, no position and no plans to initiate any.
  • joelsg1: @kenb $SMCI A 'no touch' but entertaining, been true since the CEO went on Cramer and nobody could understand him even with the captions. Good for $DELL competitor.
  • woodman: @joelsg1 $SMCI - couldn't ask for a better day to bury the update. Well, maybe 11/6.
  • joelsg1: @woodman $SMCI Exactly.
  • TraderGeekSam: @joelsg1 $SMCI As a former auditor myself (a long, long time ago), I'm surprised it took this long for the auditors to resign. As a portfolio manager, any reports of accounting delays or irregularities in a company we invest in tell me they don't have their house in order, and I will immediately divest the position regardless of gain or loss. There are more than enough companies with solid accounting departments that would never risk being late on a 10-K to even think of messing with SMCI. I'm not talking about trading; I'm talking about investing. Full Disclosure: I have no position personally or for my clients (ever) in SMCI.
  • DavidK: @TraderGeekSam $SMCI you have to wonder how many more of these tech companies are cooking the books or up to shenanigans of some sort . AI reminds me of the internet bubble . Everyone had some big idea product but many didn’t
  • champ: @billyzeke $DELL $SMCI.....Exactly, however $DELL has other #positive-News....
  • Onthemark: FWIW: added to $ARM, $GTLS and $SMCI
  • Mikev200: $SMCI watching $50
  • Mikev200: $SMCI starter
  • Wolf: $SMCI Breaking out on good volume. NP
  • cgendro1: @Mikev200 $SMCI - earnings 10/29
  • Wolf: $SMCI Starter at 49.30.
  • Henry: China $SMCI up in pm, #5 on the wallstbets list. I thought this stock was dead. Anyone know when they will release their report. np All the usual China stocks are down this morning as Scott mentioned. Take a look at $TIGR, not a recommendation.
  • joelsg1: @Henry $SMCI $TIGR #5 E in 3 weeks, gotta be before then, right?
  • nnkumar13: $SMCI nice move today
  • joelsg1: @nnkumar13 $SMCI Building that base and shipping over 100k CPUs and 2k liquid cooling racks last Q, but unconscionable delay in filing 10-K. Long spreads.
  • kenb: @joelsg1 $SMCI nice move today, but the short report, delay in SEC filing, and the DOJ potential investigation really scaring me. Staying away for now.
  • joelsg1: @kenb $SMCI You and most others, but as soon as they file 'clean' 10-K 'to the moon' and therein lies the (gambler's) opportunity.
  • kenb: @joelsg1 $SMCI yep, high risk, high reward. Am following with you all, though watching from the side lines. Many other stocks working well for me. Good luck to you all.
  • Onthemark: Reduced exposure and now holding just a few: $SPRY, $VKTX, $GTLS, $SMCI and $CPA.
  • joelsg1: @Onthemark $SPRY $VKTX $GTLS $SMCI $CPA $SMCI traded (publicly) over 100M shares today.
  • Henry: $SMCi Don't fall in love with trading stocks. This is speed dating.
  • bwcarnation1: @joelsg1 $SMCI $NVDA WSJ report sighted in Markets Inside this a.m. that DOJ probing a federal criminal investigation into the company
  • joelsg1: $SMCI Working with semis, 10-1 stock split effective Monday night and I suspect they'll file the late 10-K before then, long call spreads from $450 and $460.
  • billyzeke: $SMCI is getting hammered trading hjalted to the downside after news of DOJ probe. No position.
  • Doug: $SMCI - Being probed by justice department
  • scottrades: @Doug $SMCI Oof
  • vitoB: @Doug $SMCI wells fargo analyst Aaron Rakers and Rosenblatt Hans Mosesmann put 1300 price targets on this three months ago...remember these crooks and throw their numbers in the garbage...imo
  • joelsg1: @billyzeke $SMCI This company has been in accounting trouble before and thrived. Still, 2 called strikes against it with the delayed 10-K. Should have realized this when I listened to Cramer interview the CEO and both Cramer and I couldn't understand him (neither could captions).
  • Henry: @Doug $SMCI News is taking down all the chips
  • billyzeke: $SMCI now halted to the upside...wild day for SMCI holders.
  • joelsg1: $SMCI I've pretty much given up on this one, but...after the close they filed an 8-K reaffirming their 10-1 split to trade Tuesday, nothing about any notice received from the DOJ. It is possible given all the lawsuits and shorts in this name that there is no formal DOJ investigation, just like the $NVDA rumor a few weeks back that turned out to be nothing formal. Of course, they could put alot of this to rest by filing their 10-K annual report.
  • Onthemark: Added to $SMCI this morning, moving higher
  • joelsg1: $SMCI Would not be surprised if 10-K comes out after the close today. Long call spreads.
  • joelsg1: $SMCI Needham initiates at $600, they must be comfortable the 10K will be out soon with no surprises. Small.
  • Onthemark: @joelsg1 $SMCI Took a small starter at 450.
  • RichardinME: $SMCI I wonder if this could be a good daytrade? It seems to bottom around 310 or so then bounce back to 50 bucks or so
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Stock Price $33.15
Change -1.57%
Volume 27,547,000

Super Micro Computer, Inc develops and provides high performance server solutions based upon an innovative, modular and open-standard architecture.

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