Super Micro Computer ($SMCI) stock is surging after the company disclosed a record $60 billion order backlog and raised its margin guidance for the June quarter. Are you buying on the news?

holding what i have but only because i'm already at 100% portfolio on it . otherwise i'd be buying Bigtime! 😁

nope. Companies usually drop stuff like this right before something bad happens. I’m guessing Taiwan isn’t happy they sold tech to China to help them invade. Pretty next level.

p/e of 13!! SuperMicro has lots of Room to Run!!

Buying the news has burned me every single time. In my personal, subjective experience: If I missed the rumor... If I'm late to the surge... I'm late. Period. Hoping for some kind of aftershock after a stock surge has peaked, lost me a great deal in my first year of trading. In my experience, excitement often overshoots on the first day which triggers a pull-back either at the end of the day or on the next trading day. Then (since this is a boost based on fundamentals) I would expect a slower, more steady rise. The other thing I see a lot right after a big stock price boost is that companies will use that surge to make a giant offering which slams the price down and brutalizes FOMO retail traders who got in as the surge was peaking. This is not financial advice. This is just what I have witnessed many times in the past. I will be waiting for a pull-back or possible offering announcement before I consider buying any shares of $SMCI

hell no . Smci has been delisted once . And the next 12 months drew out coughing up a 10k until their final extension to almost be delisted twice within 5 years To say the ticker is a scam ticker cooking their books for nvidia would be a understatement

look at Japan yen. I'm out until thsi plays out.