Hacker News new | ask | show | jobs
by Havoc 2547 days ago
Made good money off that one :D
1 comments

Interesting, can you provide more detail?
Nothing super fancy

After their stock crashed there was a small window of time where the tech crowd had concluded the claim is bullshit but the stock didn't go back up.

Checked out their financials and that seemed fine so stuck money in it and waited for it to recover

My guess is that he shorted SuperMicro during that time period- that makes the most sense to me.
Or the opposite, as in buying the stock when it was down and seeing it nearly double since then.
Why not both? As a party with inside knowledge you can profit in both directions easily.
No bought after the crash. And no, no insider info. Just willingness to take a bit of risk