$SUPER MICRO COMPUTER INC(SMCI)$ 1. Management with no integrity or transparency to own up to their own mistakes. 2. Doing excessive creative accountant which end up getting caught. 3. Management probably think paying services to the auditors and the auditors can settle everything. Thumb up to EY this time for walking away. Definitely right thing to do even thought that might hurt their client relationships (other clients worried as well)! Based on my own view, the auditor will close one eye and try to document in a way that it is passable. Because of the DOJ intervene, EY probably knows that their audit files will be subjected to authority review. Somemore EY is just doing their first audit which is why they
$SUPER MICRO COMPUTER INC(SMCI)$ Good luck! There is no support line to be found at this point. Tried $33 -> $28 -> $26 -> ? I wonder how much will it drop by end of today 😵💫
$SUPER MICRO COMPUTER INC(SMCI)$ EY resign probably serve as a lesson learn to all other companies too. Most companies nowadays do window dressing and thought they be fine because no one will catch. The professionals are always out there and they have certain thresholds to follow too! Anyway didn't expect this to happen all of sudden. indeed a double edge sword haha
$Tiger Brokers(TIGR)$ Go down to $4.50, perfect price to go in. And please don't shoot so fast like the last time. The faster you jump, the deepest you fall!
$Micron Technology(MU)$ I am not looking elsewhere. All In to the stock yesterday at its dip. hopefully it's going to be its dip... hahaha I am holding it for long and hope to see an upwards trend since it has already drop so much in value this year!