Comment by lsc

Huh. so shortly after the story broke, I bought a bunch of SMCI. (It's actually the first OTC stock I'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 'cause while I think the bloomburg accusations are clearly false, there are huge accounting irregularities surrounding supermicro; getting delisted is no joke, and I'm super not qualified to evaluate that sort of risk.

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's no way they could keep that quiet, even if they were willing to disappear people.

I can tell you that within my peer group, Bloomberg has taken a pretty huge reputational hit. I mean, sure, we all still read 'money stuff' because it's "the daily show" for financial news. It's great entertainment, and moderately edifying. But, you know, it'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't in your field.

So, I felt really pretty safe with buying in the dip.