Back in February, I successfully executed my trusty “free stock by double up” strategy with Super Microcomputers (SMCI). If you’re curious how that unfolded, you can read all the gory details here. In short, I bought $100 worth of SMCI. Through what can only be described as impeccable timing (and a healthy dose of luck), I managed to get my money back while holding onto a free share. Victory, as they say, was mine.

But like any savvy investor (or someone who can’t resist a second helping), I decided to give it another go.

Why Am I Doing This Again?

Super Microcomputers, for those unfamiliar, makes AI-powered servers—the kind of fancy hardware that powers futuristic technologies. Earlier this year, it had been riding high on a wave of tech hype. But now, its stock price has dipped from a lofty $657 to a more “reasonable” $443. Clearly, it’s a sign that I should try my luck again—because who can resist a bargain?

I assure you this decision wasn’t driven entirely by excitement over a cheaper stock price. Oh no. I had numbers to back it up this time:

• Forward P/E ratio of 13.11—which sounds like a nice enough number to make any investor feel confident.
• Price/Sales ratio of 1.79—which for a tech stock, practically screams “on sale!”
• Quarterly Revenue Growth of 143%—not too shabby, right?

Clearly, SMCI was still pulling in the big bucks, even if the stock price had temporarily wandered off course.

The Return of the “Double Up” Strategy

Having already pulled this trick once with SMCI, I figured why not roll the dice again? The idea is simple: buy the stock when it’s cheaper, wait for the inevitable market buzz to return, and sell enough shares to get back my initial investment—leaving me with some free stock to keep forever. Easy, right?

Well, that’s the plan. It worked like a charm last time. I managed to pocket a free share of SMCI, and for a brief moment, I felt like the investing genius I always knew I was (even if no one else knew it).

Why SMCI Again?

Look, I could try to explain this in purely financial terms, but the truth is, I just like the idea of owning more free stock in a company that builds cool stuff. And, to be fair, I have a soft spot for companies that grow their revenue by 143% in a year while still giving me a second chance to buy in at a reasonable price.

Sure, the stock price might continue to dip. Or it might not. That’s the beauty of the stock market—it’s a rollercoaster where every twist makes you question your life choices. But in this case, it feels like the right kind of gamble.

My trade is: Buy 0.2257 SMCI shares at $100 (443.0599 per share). Will It Work?

I have no idea. That’s the fun part! If SMCI’s stock rebounds, I’ll be back here telling you how I’m the proud owner of more free shares. If it doesn’t, well, at least I’ll have another story for the blog—and maybe a lesson in humility.

So here I am, giving SMCI another spin, because who doesn’t love a good second try? Stay tuned for the thrilling conclusion (or inevitable lesson in overconfidence). Either way, it’ll be entertaining.