What Happened with Supermicro?
Huh.  so shortly after the story broke, I bought a bunch of SMCI. (It&#x27;s actually the first OTC stock I&#x27;ve ever bought.  It was easier than I thought, too... I had to call vanguard to enable OTC trading, but after that? super easy.)   I sold it  months later, at a pretty good profit, mostly &#x27;cause while I think the bloomburg accusations are clearly false, there <i>are</i> huge accounting irregularities surrounding supermicro; getting delisted is no joke,  and I&#x27;m super not qualified to evaluate that sort of risk.<p>but, my reasoning?  my reasoning was that if it was a widespread physical hack, someone would discover it fairly quickly;  I mean, people were tearing these boards apart, looking for anything.  There&#x27;s no way they could keep that quiet, even if they were willing to disappear people.<p>I can tell you that within my peer group, Bloomberg has taken a pretty huge reputational hit.   I mean, sure, we all still read &#x27;money stuff&#x27;  because it&#x27;s &quot;the daily show&quot; for financial news.  It&#x27;s great entertainment, and moderately edifying. But, you know, it&#x27;s one of those things where after a newspaper writes about something in your field, you start wondering if they are that ridiculously uninformed about the things that aren&#x27;t in your field.<p>So, I felt really pretty safe with buying in the dip.