Sellers in SMCI

12 jun

SMCI cannot bounce, every time it gaps up, sellers push it down. It is not acting like it did on the way up.

13 jun

Operación cerrada: precio stop alcanzado

Stop out at $816

1 jul

Operación cerrada manualmente

Shorted the gap up on Friday at 887 and covered today at 786.
This is too much excitement for the summer . I am done with SMCI for a while...

7 ago

Nota

The stock was relatively weak for over 2 months and now they missed both on EPS and Revenue. What a surprise...not!

30 ago

Nota

covered my last lot at $488.51 and
then found out that SMCI is accused of accounting irregularities from short-seller Hindenburg Research. It claims that the company engaged in accounting manipulations.
Yes, I know- the effin short sellers. Yet, SMCI was delisted from NASDAQ back in August 23, 2018 and if this is true, it maybe "game over" for the stock.

Note to self-today is August 30, 2024 and info about Hindenbur's research went public on August 27

30 oct

Nota

I followed this all the way down, shorting at 45, then got squeezed at 50 before re-shorting at 47.50. The last short has been easier to hold, and I considered adding more before yesterday’s close but held off. And as of this morning, this is the third successful short on the way down with SMCI trading 30% down at $33 .
It’s no secret—when a company is caught twice cooking the books, confidence is gone. I’m sure there are long-term, buy-and-hold investors clinging on, hoping this next accounting scandal at SMCI is just a bear raid. But with having Ernst & Young resign, I’m getting a strong feeling we might be looking at another ‘WorldCom’ situation. Let’s wait and see…