Have been in ARMH for many years, fought through the real low times, down in the single digits....wanted to sell but of course would have taken a huge hit! Happy to have held this one and waited for what we are seeing today....approaching $40. There was a day when I was elated at $20 and was ready to sell. Now it appears that we are going even higher. What are the limits on ARMH. I don't know all the fundamentals of this stock, but it is being driven up. One has to wonder where the top is!
This looks like a melt-up to me. Everyoe believes that there is a greater fool who will buy at an even higher price. This is like the tulip bulb bubble during the 17th century. The mobile market can't get big enough to justify a 70 multiple. Even if they took all of INTC's market, they can't justify this long term. No telling how high it will go, but then it will go down even faster. I will continue to buy puts until then.