SMCI due for a run?

Oct 28

With earnings roughly 24 hours away, SMCI could be worth a watch.

They will often drop around earnings and then put on a nice run, but with the RSI and MACD both looking like they are at a reasonable area as well as the crazy ongoing demand for chips SMCI might be worth a watch.

I'll probably take a punt on it, but with a super tight stop loss in case it heads downwards. Could use a conditional buy order to enter on a turn-around trail. eg if it goes up x% then buy.

Either way, looks like some upside if they can sort out their issues.

Oct 30

Note

Ouch :)

See my comment in the comments.

"EY, one of the country's "Big Four" accounting firms, told Super Micro Computer's board the decision comes "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." EY added it is "unwilling to be associated with the financial statements prepared by management."