Savvy Trades and Investments

[wadegarret]

SMCI revenues were "hurt from stiff competition"

That's the entire reason the stock is getting hit. I mean it's nice that they are giving strong guidance, but they came in with lower revenues for the March qtr than guided for, and investors are concerned they could do that again in the June qtr. Bottom line is, they no longer have monopoly status. I wouldn't touch the stock based on that, despite the strong June qtr guidance. I think the stock is worth around $700-$750 and that's all the money. So to be a good buy, it has to go down to $650 or so IMO. Here is a link...

https://finance.yahoo.com/news/super-micro-forecasts-quarterly-revenue-200957932.html