OT: Stock and Investment Thread
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Sold TSLA yesterday. Seems to be stuck. I think sales struggles vs AI potential is the battle in the stock at the moment. The sales concerns will show themselves first.
Sold at $210. 1ish% profit. Was up a little more recently, but went with the Joe T philosophy of not letting a winning trade turn into a losing trade.
Will keep an eye on it, and would like to get back in lower.
Sold at $210. 1ish% profit. Was up a little more recently, but went with the Joe T philosophy of not letting a winning trade turn into a losing trade.
Will keep an eye on it, and would like to get back in lower.
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SMCI tanking on Hindenberg report.
Also delaying a 10-K filing for 2024.
Edit: Watched this thing drop from 14% down to 23% down, said eff it and sold. Should have sold soon as I heard about the hindenberg report last night.
Also delaying a 10-K filing for 2024.
Edit: Watched this thing drop from 14% down to 23% down, said eff it and sold. Should have sold soon as I heard about the hindenberg report last night.
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LOL! Good timing by me. Sold yesterday and replaced it with AVGO. Me smart!
But regarding Hindenberg. How is this not a reverse pump and dump scheme? Trash and short. Same damn thing. Hindenberg is very shady.
Depends on how accurate they are. They were more then correct on NKLA. Think there track record has some other successes as well. The fact that the report immediately preceeded the delay of the 10K filing is interesting but also likely indicative that there is some truth to this report.
I believe they also have some epic failures that really look like market manipulation. More importantly, SMCI now a buy in the low $400s?
I believe they also have some epic failures that really look like market manipulation. More importantly, SMCI now a buy in the low $400s?
Were they really wrong or did someone out manipulate the market? In the Big Short Michael burry was right but wall street manipulated sub prime markets.
“Super Micro Computer said its management requires more time to “complete its assessment of the design and operating effectiveness of its internal controls over financial reporting.”
In other words, they were cooking the books and their auditors refused to sign off on their financials…… that’s my take
They’re Nvidia’s third largest customer. I wonder if there’s downstream effects there
Hindenberg makes a living off this kind of stuff. I read about the things related to that Indian company when that happened some time ago and nothing came of it for the most part as far I can tell and it tanked then rebounded eventually. Icahn's stock tanked too but I don't know if that rebounded yet.
I won't put tons of stock in Hindenberg reports because they're talking their own book. It doesn't mean they're wrong and it doesn't they're right but they achieve their goal of making a stock they've shorted go down because of the headlines it creates, right or wrong doesn't matter. SMCI's past issues with reporting though don't help their case or provide assurance that their house is for certain in order.
I think WFC took their price target down to 375 from 650 but JPM said it saw "limited evidence of accounting mistreatments beyond the 2020 charges"
It has some support around 350 and maybe 270-300 area after that. That's generally a revisit of the area before it went parabolic.
Buffett doing it the "old fashioned" way lol
I feel “talking your own book” is a poor critique.
People are not forced to own or short any stock. They choose to do so. So “talking your own book” is merely explaining that choice.
Now if we want to say they are making false claims or worse knowingly false, that’s another story.
But if what they say regarding a position they are in is true i have zero issue with that in fact i welcome it. .
Is that true or is it the other way? Nvda uses smci products?
I don't think it's a poor critique at all. You start with a premise and whether short or long, look for any nook (big or small) you can find to push that premise. Whether things end up true or not is besides the point.
I saw it with GE in a sense even. There was an analyst from JPM who was always against GE before it tanked and he was right in his critiques of the company. His comments would move the stock. But he kept on pushing that negative skew on everything long after things started to get righted and kept his price target artificially low for longer than it should have been. He was in a sense "talking his book," not that he (or anyone he knew) had a short position in the stock (that we know of) but he kept going about things that were being or had been corrected. So in a sense he "was talking his book" was it because he liked the notoriety of being right and wanted to be right again or did or anyone he knew have positions in it...who knows but for sure these kind of things happen both long and short. Later on after he was eventually disregarded, he dropped coverage of GE...shocker.
I don't trust any of them, regardless of whether things turn out right or wrong but with Hindenberg I've seen instances of a lot of nothing in the last 2. They released another report again on that Indian company just a little while back after the first time but not sure that much came of it the 2nd time around as opposed to the first time.
I believe its both. They use SMCI products, but SMCI uses NVDA chips. Only Microsoft and Meta use them more.
Because it’s priced to perfection. Any little misstep is a sell signal.
I was thinking the same thing? Seen it before though with other stocks. Also saw the opposite sometimes
Slowing or diminishing beats. Still solid beats for revenue and EPS but hard to sustain what they’ve done in the past. It’s fine mid and long term, in my view.
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Margin is shrinking is the thing I’m seeing cited. Buybacks haven’t gotten good initial reactions lately too.
Very true, if there was a misstep. Everything beat or guided up. Add to that a $50B buyback.
Buy the F out of any nonsensical dips. Probably will end tomorrow in the green.
Lots of speculation its down due to the massive amount of option plays and that unwinding. May take a trading day or two for the dust to settle.
Stock buyback. Company buying their own shares to lower the float and increase the value of the remaining shares. AAPL has been doing this for years and years.
Agreed. Many of the biggest growth companies buy back stock. Great for shareholders!
Not arguing but, if a company is growing, wouldn't they be better off reinvesting the money?
That’s true but it’s not as if NVDA is short on investing in itself. Its growth is starting to slow as well.
50 billion for a 3 trillion market cap company isn’t that big a deal anyway.
I’m never a big fan of buybacks because I think they’re often ill-timed. I prefer dividends because that’s hard cash back to me the shareholder lol.
Dividends blow since they are an immediate tax hit and can't be offset with tax loss harvesting. It's income. Give me buybacks and increased share value.