Teaches gambling on stocks thread

BigRedBuster said:
I love SMCI.  Ever time I think it's going to get back to break even......
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So, their auditor E&Y quit and they are all mad for being called out for not doing their job.  SMCI had hired E&Y after firing Deloitte last year...

Just need a new firm to come in and release the SMCI annual report!

 
teachercd said:
So, their auditor E&Y quit and they are all mad for being called out for not doing their job.  SMCI had hired E&Y after firing Deloitte last year...

Just need a new firm to come in and release the SMCI annual report!
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Why the heck would they fire Deloitte? They work for some of the biggest companies in the world.

 
ZRod said:
Why the heck would they fire Deloitte? They work for some of the biggest companies in the world.
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I'm worried about a company that has fired their auditing firm twice is a short period of time.  I've gone through many annual audits.  It seems like they are wanting the audit firm to do something they are refusing to do.

Seems like a concerning red flag.

 
BigRedBuster said:
I'm worried about a company that has fired their auditing firm twice is a short period of time.  I've gone through many annual audits.  It seems like they are wanting the audit firm to do something they are refusing to do.

Seems like a concerning red flag.
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That does seems very sketchy.

 
BigRedBuster said:
I'm worried about a company that has fired their auditing firm twice is a short period of time.  I've gone through many annual audits.  It seems like they are wanting the audit firm to do something they are refusing to do.

Seems like a concerning red flag.
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This is exactly what seems to be freaking people out!

Seems to have slowed down a bit, I thought it would get under 30 but maybe not.  

I am hoping it is back around 50 in two weeks.  But, clearly my hope has no impact!!!!!

 
Okay, Tuesday is when they report the Q1 unaudited results and that will show they are still growing revenues at over 100% y/y and that the full year non GAAP EPS will be over $4 which is higher than consensus!  

And also E&Y and all the short sellers can go F themselves!  

 
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