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Supermicro was already delisted prior to this article and had about $370k of US dollar trading volume yesterday in the OTC markets. Don't think people will make
by hendzen 8y ago
Supermicro was already delisted prior to this article and had about $370k of US dollar trading volume yesterday in the OTC markets. Don't think people will make much money shorting it as this point, since it is already so illiquid. Highly doubt that is the explanation for the article.
EDIT: I read the volume amount incorrectly - it's more like 6m of volume which is not too bad. Someone could probably make money shorting it but again since its delisted already it would be difficult/risky to do so.
- jerf 8y agoThank you. I was trying to make sense of the news stories listed below the stock listing. Whatever is going on with whatever stock is being traded is now visible even in the delayed listings; you can see it on https://finance.yahoo.com/quote/SMCI?p=SMCI&.tsrc=fin-srch https://finance.yahoo.com/quote/SMCI?p=SMCI&.tsrc=fin-srch or your choice of provider.
- deleted 8y ago[deleted]
- sct202 8y agoI wonder if their delisting is related to this hack, or if it's a sign that they have poor internal controls and the company is just poorly controlled every where from accounting to engineering.