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1SMCI trade ideas

SMCI $60 EASY THEN MUCH MORE.. READ THE IDEA. pls.... SMCI IS THE ONE I AM BETTING WILL POP THE MOST. The delays in filling are nothing more than growing pains. Read this report entirely, so that you get the idea. MSCI fundamentals are as strong as ever. The rest is secondary, it is sales and revenue all that matters, the delays have been explained. The endorsement is NVDA, the super star of companies. The Hindenburg Report ruffled feathers, the feathers of limelight seekers at the SEC, the 3 minutes of fame. A nothing burger in the end. Meanwhile, what a gift. Finally a lotto ticket with great odds. SMCI Super Micro - regulatory filing this and that, what maters is how good their products are and how much they have sold. The answers to these to premises, is a lot. And a lot means return on investment. The delay filling is likely the product of extreme difficulty in reporting compliance. Did you know this same issue is facing thousands of companies around the world. It seems that the global IQ has declined, hehe, no no for real, and number crunchers need to be extremely analytical, the things is that analyticals make much more in other professions, and what is left is deficient. I know full well that SMCI will file what it needs to file, but I also know their products are second to none, and that means caching for the shares. The background and preamble: Super Micro Computer, Inc. (SMCI) is delaying its filing of the annual 10-K report due to several issues: Internal Control Assessment: SMCI has stated that additional time is needed for management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting as of June 30, 2024 Accounting and Financial Reporting Concerns: A report by Hindenburg Research alleged accounting manipulation, including premature revenue recognition and undisclosed related-party transactions. These allegations have raised concerns about the company's financial practices and contributed to the delay Regulatory and Legal Scrutiny: The delay has attracted regulatory attention, including a non-compliance notice from Nasdaq, which requires SMCI to file the report or submit a compliance plan within 60 days from the notice date. Additionally, there is an ongoing investigation by the U.S. Department of Justice into the company These factors have collectively contributed to SMCI's decision to delay filing its annual report. Key Dates Original due date: August 29, 2024 Non-compliance notice date: September 17, 2024 60-day deadline: Approximately November 16, 2024 (60 days from the notice date) Maximum potential extension: Approximately February 25, 2025 (180 days from the original due date). SMCI Potential Accounting Issues The delay comes amid allegations of accounting irregularities: On August 27, 2024, short-seller Hindenburg Research published a report accusing SMCI of "glaring accounting red flags" and engaging in a "fraudulent revenue recognition scheme" Hindenburg claimed SMCI was prematurely recording revenue for equipment that could not be delivered or installed, and booking revenue for faulty or incomplete products I beleive that SMCI is growing so fast, and that massive growth ia generating issues in the process, issues that many companies face, however, in the case of SMCI considering Hindenburgs Opportunistic take on markets, saw SMCI and NVDA at a fractal pivot point and the took advantage, however, as SMCI is an illiquid stock, especially before the split, they had to put another bullet to tranquilize the herd and now cause it to come back and buy all the shares bach much faster giving them no change to adjust. Like what just happened to tesla for example. All these accusations lead to ..... Regulatory Scrutiny. Regulatory Scrutiny The filing delay has attracted regulatory attention: SMCI received a notification from Nasdaq on September 17, 2024 stating that the company is not in compliance with Nasdaq listing rule 5250(c)(1), which requires timely filing of periodic reports with the SEC On September 26, 2024, it was reported that the U.S. Department of Justice had initiated an investigation into the company So here is where we are.... SMCI is the working partner for NVDA and Charles Liang seems like a smart man. The SMCI servers sell super well. I beleved SMCI is a super clean entity, and that they will comply with fillings, but what is much more relevant to me is cash made, and cash made with SMCI seems huge.
NASDAQ:SMCILong
by imcnf5c4ff
18
The Big Exit | How One Auditor Walked Away from Super MicroThe Governance Shortfall: Inside Super Micro’s Auditor Crisis On Wednesday, shares of the high performance server and storage solutions provider faced renewed selling pressure after the unexpected resignation of its audit firm, Ernst & Young LLP(EY) In July 2024, EY alerted the Audit Committee about several concerns related to governance, transparency, internal controls, and the risk of delayed filing of the company's annual report. In response, the Board formed an independent Special Committee to investigate these matters, engaging Cooley LLP and forensic accounting firm Secretariat Advisors, LLC. Although EY and the Board received preliminary updates on the investigation, the final conclusions have not yet been shared. The ongoing review raised doubts for EY regarding the company’s adherence to the COSO Framework principles for internal controls. EY questioned the company’s commitment to integrity, the independence of the Audit Committee, and the reliability of management’s and the Audit Committee's representations. In its resignation letter, EY expressed its inability to rely on these representations or be associated with the company's financial statements, citing legal and professional obligations. Despite the developments, Super Micro has indicated no expected changes to previously issued financial statements. The company plans to provide a Q1/FY2025 business update next week. However, it’s surprising that management didn’t include preliminary Q1 results in Wednesday's announcement, which could have mitigated the negative impact on its stock. Super Micro is nearing a Nasdaq deadline to either regain compliance with listing requirements or submit a plan. With the auditor’s unexpected departure, it may be difficult for the company to present a viable plan, raising the risk of a near-term delisting. This resignation comes at a critical time for Super Micro, as its rapid growth requires substantial working capital. Based on management’s projections, FY2025 cash needs could reach up to $3 billion, likely necessitating additional capital early next year. However, raising funds without audited financials could be challenging, potentially forcing Super Micro to relinquish market share to competitors like Dell Technologies or Hewlett Packard Enterprise. In my view, EY’s departure increases the likelihood of a prolonged accounting review, which could hinder Super Micro’s ability to secure funding for anticipated growth. Therefore, it is crucial for the company to report strong preliminary Q1/FY2025 results and present a positive outlook next week. Super Micro Computer’s troubles continue, as its auditor resigned due to concerns over management’s integrity and the Audit Committee's independence. This situation makes it unlikely for the company to achieve compliance with Nasdaq requirements soon, raising the potential for a near-term delisting. With a need to re-enter the capital markets in early 2025, audited financials remain essential. A failure to secure funding could result in significant market share loss to major competitors like Dell Technologies and Hewlett Packard Enterprise. Given these challenges, the increased risk of prolonged financial review, and a likely near-term delisting, I am reaffirming my "Sell" rating on Super Micro Computer's common shares.
NASDAQ:SMCIShort
by moonypto
2
SMCI Never worst and less liquid. Smci live topic continues - the allegations rebuttal - Hindenburg sounds more insidious that a drunk husband, quarreling with his drunk wife of 50 years. Here is the rebuttal. The allegations have no legs and made Smci the gift of the century Super Micro Computer, Inc. (SMCI): Export Controls • Even U.S. defense companies can inadvertently have products end up in restricted countries. SMCI must comply with U.S. export control regulations, but the Hindenburg report lacks specific evidence of violations. Accounting Manipulation • Past SEC charges found SMCI understated expenses, but the current report lacks detailed evidence of new manipulation. Undisclosed Relationships with Suppliers • SMCI has relationships with related parties (e.g., CEO’s brothers’ companies), which could raise governance concerns but are not necessarily illegal. Disclosing these details could be sensitive due to industry competition. Business Model and Competitor Dynamics • As an assembler, SMCI relies on confidential relationships with suppliers. Competitors like Dell and HP would benefit from any disclosed information, making secrecy crucial. Market and Competitive Context • SMCI’s growth depends on innovation and meeting demand for AI and cloud solutions. Historical issues and current practices raise red flags, but the context of complex supply chains and competitive dynamics is important to consider. These points highlight the complexities and potential motivations behind the allegations against SMCI, while also considering the broader industry context. THERE IS NOTHING HERE, THAT MAKES ANY OF IT ILLEGAL. Then there is the issue of liquidity. Id delisted from the nasdaq the sahres become less liquid, but never less liquid that today and yesterday. Thus, as long as the sales keep on happening I DON'T CARE like that song I DON'T CARE, I love it, I don't Care. This is a lotto ticket gentlemen, with great odds. You risk what you will. I love it, and I don't care.... we will next week what kind of pop we get, I contend it should be huge, liquidity or not I Don't Care. Will ad more, but I am expecting a beat of at least 7% with respect to last quater and a net revenue of 9% The rest the fact that DELL and HP are likely pressing duttons to call E&Y to tell them how dare you we will not use you if you enable SMCI (this is the movie I am playing in my haad, I never herd that conversations, or did ? I must be trippin._
NASDAQ:SMCILong
by imcnf5c4ff
8
Super Micro Computer (SMCI): Strong Entry After Stock SplitSo far, we’re seeing a strong entry on NASDAQ:SMCI following the 1:10 stock split at the beginning of October. The stock has experienced a relief pump of about 20%, which is a solid move in the right direction. 🔥 Super Micro Computer announced on Monday that it’s currently shipping over 100,000 graphics processors per quarter. Additionally, the company introduced a new suite of liquid cooling products, which further fueled its shares, pushing them up 14% after weeks of slumping. If these gains hold, Super Micro is on track to add more than $3 billion to its market value. At this point, the first resistance level has been met, and we are closely monitoring how the stock reacts. If NASDAQ:SMCI can reclaim and stay above this level, it will likely move toward the next resistance area, offering more potential for upside. As always, we’re keeping a close eye on developments and will update you with any new moves.
NASDAQ:SMCILong
by freeguy_by_wmc
3
SMCI due for a run?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.
NASDAQ:SMCI
by zAngus
3
10/30/24 - $smci - Quick comment on mkt implications10/30/24 :: VROCKSTAR :: NASDAQ:SMCI Quick comment on mkt implications - trick, no treat for smci so here's the treat ex. scmi... - an nvda top 5 customer has implications for nvda that probably keep it in a short-term holding period (upside "capped" vs. other mag 7 that report e.g. meta and msft - beats - tonight) - there is SO much demand for nvda chips that even if a top 5 drops out, u guys realize msft, meta, amzn, googl, elon... will take 100% of that demand - so what happens here is that the mkt will probably "overly" reward a meta or msft beat bc the flows/ implications of index higher rotate less incrementally to nvda and chips (even tho you should be buying tsm, avgo as well as nvda)... and to the mega/ googl/ msft complex. this means index higher. thought it's important to mention. V
NASDAQ:SMCI
by VROCKSTAR
2
Riding the AI WaveSuper Micro Computer is building strong bullish momentum, with a gap forming at the $45.00 level. A break through the $67.10 resistance level would confirm further upward movement, pushing the stock toward the daily resistance at $101.40, and eventually the weekly resistance at $122.45. With a favorable 6.21 risk-to-reward ratio, this trade offers a compelling opportunity to capture significant upside while maintaining a stop-loss at $35.70 to manage risk. As the demand for high-performance computing, AI, and cloud infrastructure continues to grow, SMCI’s leadership in these sectors strengthens its bullish case. The company’s consistent innovation in server and data center solutions positions it well to capture future growth, supporting its trajectory toward the $122.45 target. NASDAQ:SMCI
NASDAQ:SMCILong
by The_Trading_Mechanic
9
SMCI Is it a buy after -35% dip and the leave of their auditors?Super Micro Computer is oversold on all timeframes and is approaching that level even on 1W (RSI = 35.160, MACD = -7.190, ADX = 44.214). The reason for the -35% daily collapse is of course the resignation of their auditors, Ernst & Young, which have raised concerns over SMCI's governance since late July. News have even hit the market that there are fears of delisting. Now fundamentally, even though the street has seen its fair share of accounting frauds in the past, those make up only a tiny minority. Normally when such pessimistic news hit the market, long term investors should be viewing the dynamics objectively. Is it worth buying despite all the negatives? A quick answer can be given by just looking at the technicals. Any high cap stock that falls roughly -75% from its All Time High (ATH) is objectively a great long term investment opportunity. For SMCI in particularly it has almost lost -75% of its value in 8 months, with the company absorbing almost any negative news there could be out there. The price is right now at $33.00 with its 1W MA200 currently sitting at $22.95 (and rising), which is the long term support since April 20th 2020. Before that trendline, there is the HL 2 to consider that started on July 5th 2022. In the meantime, the 1W RSI is testing sideways the S1 Zone, a buy level that is holding since July 2015. It has to be said that the -75% decline is SMCI strongest within such period of time, with the most recent before it being during the U.S.-China trade wars (October 1st 2018 at -68.30%). That collapse recovered in 6 months as it reached its 0.786 Fibonacci level. If SMCI announces soon their new auditing firm and calm the market about their practices, there is a strong probability to see the price testing the current 0.786 Fib (TP = 90.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:SMCI
by InvestingScope
1
Analyzing SMCI's Potential RecoveryCapitulation and Recovery: Capitulation: A period of intense selling pressure that often marks the bottom of a downtrend. Post-Capitulation Recovery: After a capitulation event, the stock may experience a relief rally as short-sellers cover their positions and long-term investors start accumulating. Factors Affecting SMCI's Recovery: Fundamental Factors: Earnings Reports: Strong earnings reports can boost investor confidence and drive the stock price higher. Revenue Growth: Continued revenue growth, especially in the AI and data center segments, is crucial. Technological Innovations: SMCI's ability to innovate and introduce new products can influence investor sentiment. Market Sentiment: Overall market conditions, especially the tech sector, can impact SMCI's performance. Cautions and Considerations: Market Volatility: The stock market is inherently volatile, and SMCI is no exception. Price fluctuations can be significant, especially in the short term. Risk Management: Always use stop-loss orders to limit potential losses.
NASDAQ:SMCILong
by ParabolicP
SMCIIt seems you are referring to a strong investment opportunity in the stock SMCI in the American market, with a potential rise ranging from 40% to 70%. The technical analysis you mentioned, such as the downward channel and the clear divergence on the MACD indicator, can suggest a possible trend reversal."The decision now depends on whether you are an investor or a trader. I see that the $24.5 level is excellent for investors as it aligns with the 200-day moving average on weakly frame, targeting a 100% profit At least with a 20% stop loss. However, if you are a trader, we might wait for a price action signal around $33, aiming for $44."
NASDAQ:SMCILong
by IbrahimTarek
SMCI *Huge Update*I know my charts are not pretty and I look pretty stupid a lot of the times. BUT. I noticed something very strange with the time cycle charting tool. I was measuring the tops and bottoms to find out that the bottoming process on SMCI is scheduled to happen just before NVDA earnings. Meaning... if SMCI follows the cycle we will see a huge dump before the 22nd-23rd of May. Then, after all retail investors are shaken out and people fear the recession/earnings, it will rocket up to make one more all time high run :) High chance of being wrong but I love to share my ideas with you all! Let me know what you see and lets talk about it.
NASDAQ:SMCIShort
by LeapTrades
33
SMCI after the resignation of E&YSuper Micro Computer's stock has recently experienced significant volatility, particularly following the resignation of its chief accountant. This event has raised concerns among investors, contributing to a notable decline in the company's stock price. The resignation was part of a broader context of challenges faced by Super Micro, including a federal investigation that has been ongoing since September 2024, which has further pressured the stock. In the wake of the accountant's departure, Super Micro's shares fell sharply, reflecting investor anxiety over the company's governance and financial oversight. This decline is compounded by previous fluctuations in the stock, including a substantial drop of 28.6% earlier in September due to various market pressures and concerns about the company's performance and future prospecs. The combination of these factors has led to a cautious outlook among analysts and investors alike. Many are now closely monitoring the situation, particularly as Super Micro prepares to report its earnings soon. The market's reaction to these developments will likely influence the stock's trajectory in the coming weeks.
NASDAQ:SMCI
by j_arrieta
Incoming 40% correction for Super Micro Computer, Inc.On the above 4 day chart price action has rallied 270% since January. And 3000% !!! since June 2022. It is somewhat unfortunate to see so many long ideas at the moment. Motley Fool June 30th: “1 Top Artificial Intelligence (AI) Stock to Buy Before It Soars 70%, According to Loop Capital” “Loop Capital thinks Supermicro is going to $1,500” Madness. Why bearish? Broken market structure. It is very clear to see, price action has broken the last higher low AND confirmed it as resistance. You can see this more clearly on the daily chart below. Double top bearish divergence. On the 3 week chart below price action prints a RSI lower high (red arrows) with a higher high in price action. On this time frame an important trend shift is indicated. Is it possible price action continues to rise? Sure. Is it probable? No. Ww 1 day broken market structure 3 week bearish divergence
NASDAQ:SMCIShort
by without_worries
49
SMCI Bull run overWe ended the fifth impulsive wave a lot higher and the ongoing collapse is nowhere near ending. The bull market is well and truly over for SMCI. Trade the charts, not the news. I did bring this to your attention 3 weeks before the news of potential accounting fraud became apparent. I did warn bag holders not to buy the dip - look my related post. Instead I got hate and dislikes for my post. It's like people don't want to hear the truth. Don't love anything that won't love you back, speculative assets included. The truth is that risk management is key to preserving wealth. I was against buying the dip, there is a potential long trade to be had at way lower levels. However, in light of the accounting issues this company is in deep trouble and people are fighting to get to the exit door. Not financial advice, just my thoughts. Do what's best for you, if you want to buy the dip then good luck to you.
NASDAQ:SMCIShort
by NoFOMO_
4
Oh no.........gone are the 4 baggers !!!!Latest news here :https://finance.yahoo.com/news/chinas-oct-factory-activity-returns-014907489.html It is scary that the management overstate its revenue and profitability to fool the shareholders..... To think that it is included in the S&P500 index would mean it has passed certain tests, but who knows......what goes up fast, came down just as fast ............ What to do if you are holding this stock ? Personally, I would have lost faith in the management and getting another auditor would not solve the problem. How about replacing the CEO? This can happen but it would takes time to turn around........ I think the chances of it falling through the support at 26.68 is high and panicky retail investors would rush to offload ........ Please DYODD
NASDAQ:SMCI
by dchua1969
Earnings In 2 WeeksI think this one could run - 1. Looks like we about to get a buy rating on the weekly prior to earnings. 2. The volumne gap goes all the way up to $75 3. Open gaps up around $51, $66, and $85. 4. Looks like an inverse head and shoulders. 5. Will start slowly adding lotto calls 6. 11/06/2024 after market ER? 7. Perhaps they fix their 10k filing 8. Short squeeze imminent? 9. I would love it to get to $40-$44 before buying (may start adding this week despite) Lemme know what you think - GLTA.
NASDAQ:SMCILong
by sonidofranko
4