Business & Investing
Sponsored by

Stock Markets

24,772,102 Views | 233475 Replies | Last: 1 hr ago by Heineken-Ashi
Anastasia Beaverhaven
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to kyle field 94 • 8:41a, 8/28/24
kyle field 94 said:
How does this really happen? Why can't they get their act together and file timely?
The major issue with this is that it lends credence to Hindenburg's report yesterday about company disfunction.

I don't believe the whole report but SMCI is definitely showing cracks.
Reply Quote
4
harge57
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to kyle field 94 • 8:41a, 8/28/24
AG
kyle field 94 said:
How does this really happen? Why can't they get their act together and file timely?


Not sure, but I've seen this story before and my shares ended up being worth $0.

I am 100% out on this one for now. I'll take my loss and avoid the drama.
Reply Quote
GKrebs17
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:44a, 8/28/24
AG
POWL bounce off 170?
Reply Quote
Diggity
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:44a, 8/28/24
AG
Reply Quote
Chef Elko
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to aggieland28 • 8:44a, 8/28/24
AG
Personally, I wouldn't move into individual stocks. You could keep it in index funds and hopefully graduate with a nice little head start with possibly $20-30k or so.
Reply Quote
9
CC09LawAg
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to GKrebs17 • 8:55a, 8/28/24
If it does like it usually does, it will have a huge selloff first thing AM then make a slow grind back up all day. The amount of the drop it makes up depends but it's usually only a portion of the drop.

You usually know within the first hour which direction it is going for the day.

ETA: Now, longer term timeframe like a week or two? HA has made some posts on that and I'll defer to him because he's way smarter and had the 170 number nailed.
Reply Quote
1
1 edit
MRB10
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Chef Elko • 9:00a, 8/28/24
AG
I'd argue to do this with no more than 30-50% of the funds given his age. This is the time to take some risks.

I'd probably put half in bitcoin if it were me.
Reply Quote
nortex97
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:01a, 8/28/24
AG


That's a lot of cash on the sideline.
Reply Quote
3
bigtoneag
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to CC09LawAg • 9:07a, 8/28/24
AG
Overreaction to an insider sell.
Reply Quote
Lee Van Cleef
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:08a, 8/28/24
AG
I would appreciate any longs SMCI to give their perspective on how they are approaching their positions with the news of the last few days. I had built a position in late summer 2023 and slowly sold out (mostly)in early 2024. I re-built the position over this spring and summer with a current cost basis of $648. It is one of my largest positions.

It's frustrating hearing this company be mentioned with the likes of Nikola...my view is that this is a real company doing amazing things. What duty does the company have to communicate/respond to these allegations? It seems it is a guess as to why the 10K is being delayed. Were there whispers in the industry as to internal controls being out of whack? My focus/hope was on improving margins.

Reply Quote
7
CC09LawAg
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to bigtoneag • 9:09a, 8/28/24
Is that what it is?

Even after the selloff after the Q2 high, there wasn't a red candle as big as this one at open.
Reply Quote
Heineken-Ashi
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:13a, 8/28/24
In on POWL. Stop $160 since I got a lower entry than $170. I will say, my expectation wasn't that I'd get the chance to make this entry today. I expected a move back to $190 before getting this chance. BECAUSE it came down without retracing at all, it's now formed an impulsive pattern pointing downward from the H&S top. It is not a good development, but the R/R is too good to not take a chance.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
Reply Quote
2
1 edit
Anastasia Beaverhaven
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Lee Van Cleef • 9:15a, 8/28/24
Lee Van Cleef said:
I would appreciate any longs SMCI to give their perspective on how they are approaching their positions with the news of the last few days. I had built a position in late summer 2023 and slowly sold out (mostly)in early 2024. I re-built the position over this spring and summer with a current cost basis of $648. It is one of my largest positions.

It's frustrating hearing this company be mentioned with the likes of Nikola...my view is that this is a real company doing amazing things. What duty does the company have to communicate/respond to these allegations? It seems it is a guess as to why the 10K is being delayed. Were there whispers in the industry as to internal controls being out of whack? My focus/hope was on improving margins.

You're looking for Heineken or Prog here.
Reply Quote
2
ProgN
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Lee Van Cleef • 9:19a, 8/28/24
Lee Van Cleef said:
I would appreciate any longs SMCI to give their perspective on how they are approaching their positions with the news of the last few days. I had built a position in late summer 2023 and slowly sold out (mostly)in early 2024. I re-built the position over this spring and summer with a current cost basis of $648. It is one of my largest positions.

It's frustrating hearing this company be mentioned with the likes of Nikola...my view is that this is a real company doing amazing things. What duty does the company have to communicate/respond to these allegations? It seems it is a guess as to why the 10K is being delayed. Were there whispers in the industry as to internal controls being out of whack? My focus/hope was on improving margins.

This news isn't optimal and they're going to get destroyed today. I'm not selling any of my shares because they do have an actual product that's in demand and a lot of customers. This is not a Nikola. I'm just Lt. Dan riding out this storm for the time being. SMCI management does need to come out and address these allegations though.
Reply Quote
9
1 edit
Heineken-Ashi
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:20a, 8/28/24
SMCI just tagged the daily 610 EMA. I expect a bounce between here and $375. I do not expect new highs. $700 is likely your cap. And moving up to the $600's to $700's from here is likely to be choppy. And I fully expect another selloff to follow that bounce.

This is likely not a correction in an uptrend. This is the end of the first phase of a large correction off a significant top. I would need to see a truly magnificent V shaped move significantly higher than $700 to even start to change my mind.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
Reply Quote
4
Heineken-Ashi
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:21a, 8/28/24
AND YOU DO NOT HAVE TO BUY THE SELLOFF.

Wait for a bottom to form so you have a stop to set.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
Reply Quote
9
LMCane
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Lee Van Cleef • 9:26a, 8/28/24
Lee Van Cleef said:
I would appreciate any longs SMCI to give their perspective on how they are approaching their positions with the news of the last few days. I had built a position in late summer 2023 and slowly sold out (mostly)in early 2024. I re-built the position over this spring and summer with a current cost basis of $648. It is one of my largest positions.

It's frustrating hearing this company be mentioned with the likes of Nikola...my view is that this is a real company doing amazing things. What duty does the company have to communicate/respond to these allegations? It seems it is a guess as to why the 10K is being delayed. Were there whispers in the industry as to internal controls being out of whack? My focus/hope was on improving margins.


man if SMCI is one of your largest positions you better be doing either serious praying or serious selling

why would you have the largest position in ONE risky company?
Reply Quote
Lee Van Cleef
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to ProgN • 9:29a, 8/28/24
AG
Appreciate the perspective. Definitely feel like I'm Lieutenant Dan being carried off the battlefield shooting at no real target. I do think this takes some patience and discernment.
Reply Quote
3
CC09LawAg
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to LMCane • 9:30a, 8/28/24
Super helpful discourse, thanks for your (non)contributions to this thread.
Reply Quote
24
Chef Elko
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Heineken-Ashi • 9:31a, 8/28/24
AG
Heineken-Ashi said:
SMCI just tagged the daily 610 EMA. I expect a bounce between here and $375. I do not expect new highs. $700 is likely your cap. And moving up to the $600's to $700's from here is likely to be choppy. And I fully expect another selloff to follow that bounce.

This is likely not a correction in an uptrend. This is the end of the first phase of a large correction off a significant top. I would need to see a truly magnificent V shaped move significantly higher than $700 to even start to change my mind.



Reply Quote
harge57
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:32a, 8/28/24
AG
Reasons companies delay 10-k filings:

1. Mergers or Acquisitions - Not likely
2. Litigation - Not aware of any
3. Bankruptcy - Not likely
4. Accounting/Issues with the audit - This seems to be most likely. Many times this results in a "material weakness" finding.

Again, this may be a buying opp or more hurt to come. I am out for now.
Reply Quote
7
Chef Elko
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to LMCane • 9:32a, 8/28/24
AG
Why didn't you put every dollar in NVDA?!?!!!1!
Reply Quote
6
Chef Elko
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Lee Van Cleef • 9:34a, 8/28/24
AG
Don't worry! I think you just need to invest in Apple.
Reply Quote
WestTexasAg
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Chef Elko • 9:37a, 8/28/24
AG
Chef Elko said:
Don't worry! I think you just need to invest in Apple.
Only one green on my board so far today.
Reply Quote
Chef Elko
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to WestTexasAg • 9:39a, 8/28/24
AG
I haven't even checked my big portfolio today, but good to hear Apple is up. I've been completely WRECKED today with SMCI and various others while the S&P is barely down.
Reply Quote
1
Anastasia Beaverhaven
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:44a, 8/28/24
What are we thinking with NVDA earnings?
Reply Quote
1
1 edit
CC09LawAg
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Heineken-Ashi • 9:45a, 8/28/24
Woof. Seems like we may hit your 160 before lunchtime today.

ETA: Hopefully I spoke too soon.
Reply Quote
1 edit
Number Monkey
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:46a, 8/28/24
AG
Someone always knows something. The timing of the Hindenburg short position and article along with the filing delay announcement ended up being perfect for the short sellers. Retail gets screwed.
Reply Quote
9
Texaggie7nine
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:48a, 8/28/24
Welp. Had a $528 limit order on SMCI that did not execute and is still active.
7nine
Reply Quote
Brewmaster
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:49a, 8/28/24
AG
SMCI
I see 360 as next support. F'ing shorting ****bags. They will probably short the piss out of it just to buy shares and get a super low cost basis (them and their buddies).
If it can bounce from these lows, could see 460's (50% move), but no guarantees.

as Prog would say, if it fills the gap to 170, we are in WW3.
Reply Quote
5
1 edit
TxAG#2011
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:02a, 8/28/24
SMCI is a low margin service / construction company. Still wayyyy overvalued.
Reply Quote
1
Anastasia Beaverhaven
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to TxAG#2011 • 10:09a, 8/28/24
TxAG#2011 said:
SMCI is a low margin service / construction company. Still wayyyy overvalued.
What should their value be and what is your basis for that valuation?
Reply Quote
4
CheladaAg
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Anastasia Beaverhaven • 10:25a, 8/28/24
AG
Anastasia Beaverhaven said:
TxAG#2011 said:
SMCI is a low margin service / construction company. Still wayyyy overvalued.
What should their value be and what is your basis for that valuation?
If there isn't anything that truely differentiates SMCI from it's competitors, then from a fundamentals perspective you need to look at value from a normalized industry P/E or P/S. If you do the math and compare to peers such as Dell or HPE, or other similar OEM's, then you are looking at sub $200/share.
Reply Quote
1
El_duderino
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Brewmaster • 10:33a, 8/28/24
I've got $404 and then next support is the $330 gap from Jan 18 to bounce up from.
Reply Quote
1
CC09LawAg
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:35a, 8/28/24
You know, the last time it all felt so hopeless was around the beginning of the month, then we almost climbed back up to the ATH.

I'm gonna white knuckle POWL and hope it doesn't hit 160 today. Gonna layer in some more calls if I can get them dirt cheap today.

ETA: In on DELL at 108.80 too. This drop was too good and right at the bottom of the range I had identified.
Reply Quote
3
2 edits
First Page Last Page
Page 6593 of 6671 ▼
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.