You can read the article from a guy shorting AMBA now. He claimed he checked the channel that AMBA's sell is weak (How can a guy check with the distributors and they'll tell him all the data?) Things goes on and his target for AMBA is $11.5. You can check his previous record that on Feb 1, he attached AVG at $13.86 and said it'll go down to $8.5-10 but it never happen. after a month, AVG's ER push stock to $16 and now it is $21-22. Can we trust this negative, shorting AMBA guy? AMBA will report ER on September 5, just next week. Please give your input.
judging by the level of shorting well before the stock hitting $15, it would appear that others may feel the same way. Either way the stock has declined a lot and whether this article spooks people or not its may be seized upon resulting in deeper declines. Had the stock not declined so much already I would think not.