(08-29-2024, 11:01 AM)ken-do-nim Wrote:(08-29-2024, 09:55 AM)stockguru Wrote:(08-29-2024, 09:11 AM)ken-do-nim Wrote: I almost reached into my Cash Reserve to dive back into SMCI yesterday, but held off. Mainly because I don't want to invoke the Wash Sale rule, and also because I need a healthy cash pile right now.
You do know SMCI cooked the books right? That’s a stock you don’t touch. Mine as well just own AVGO or NVDA
I appreciate your talking sense into me!
Of course, one could argue that the accusations come from a short seller, and there may be less ominous reasons for the delayed filing.
You could argue that but you would be wrong. Company covered it up, which is why they are delaying. And if the company wasn’t guilty they would have come out defended themselves.
Another pump and dump name. There will be more companies under scrutiny soon. This was a $1200 stock and now they want to do a 10-1 stock split. Fire the CEO
Be careful what you invest in and do your homework on SMCI - Super Micro Computer has faced challenges in the past, including a delisting from Nasdaq in 2018 due to the non-filing of financial statements.