I know I have been taunting (and have some fun with) this stock the last few days, but honestly, I do not get the weak hands here! This stock should be well above this, at least much closer to 80, IMHO, and more importantly toward 100. You go to their website and what they are involved in and doing is not short of phenomenal - let alone the quality. Aside from the HomeKit with AAPL, the wearable little camera will be everywhere -- especially now with police. Also, I think the car cameras will be standard equipment.
I know. Not only that, the HomeKit app of AAPL with AMBA for home monitoring systems is huge and more and more being implemented everyday -- I know of 3 neighbors in my block who have put cameras around their property. Anyone who thinks we are going to be living with less surveillance is kidding themselves. I'm actually surprised that AMBA isn't around 85 now!!
Charles Payne on FBN was the one who first mentioned AMBA (before GPRO went public) as the video tech for GPRO - AMBA was 28 at the time (the day I heard him tout it) - and it ran all the way to 129 - till the shorties started to hammer it!! I don't know why you can't email FBN, but I can't, mail comes back in error. I think there is a Facebook for Payne, but I don't Facebook so I can't contact/ask -- I would just be curious as to why he hasn't mentioned this partnership since AMBA was originally one of his recommendations. Maybe one of you who Facebook can find out.
There must be some positive news happening -- I think there has to be more going on here than what the Yahoo news thread shows (what a surprise)! I say that because the volume has been very high (higher than previously), at least the last two days -- yesterday close to 2 million shares (and up on a down day) and 1.2 million so far today.
Thanks for the posting --- isn't it interesting that this news story was released 06/14 & 15 -- and yet is not even posted under this Yahoo news chain!!! I had to go to another search to read it!!!
I'm with you! But it's time today for AMBA to wake up and smell the coffee and pull their head out of their rear -- up yesterday all morning against a falling market (till the end of the day) - time to join the rally!
Frankly that's why I couldn't get caught up in the KOLD hype - while they were trashing SODA saying it (and home soda) was a fad GMCR wanted to get into it and I guess with a willing partner in KO (since at first SODA was targeting KO & PEP) they thought all the sudden "the fad" didn't matter in their case - NO, it's KO & Keurig! That is why I thought their hubris would be their downfall!! Either you want a home soda machine or you don't. To be honest, I owned/own both GMCR & SODA - made money 2 times with GMCR - bought first time before the 3 for 1 stock split - sold - - and later purchased again @22 on their downslide (Einhorn) and sold at 97 - missed the extra surge on the KO frenzy, but for the very reasons I said, I wouldn't get caught up chasing from there.
Did KO really get out with that much of a gain? Correct me if I am wrong - KO bought their first 10% stake at $75 and then added later (to 16%) at over $100 (according to back research) average of $107+! Looks like they merely saved their investment with the buyout at $90. Further, you know Buffet probably had to have also pressured the deal - as the largest stockholder in KO he couldn't have been happy looking at the way the deal was working out! Talk about the value of being a crony capitalist - always nice to have someone to go to get a deal to save your bacon!!
Interesting! Hadn't even thought @ KO in all this - might have been smarter and cheaper to just buy SODA (or partner with them) in the first place instead of trying to run them out of the market!!! I thought all along when GMCR/Keurig tried that with the KOLD that their hubris would be their downfall! You know KO had to have had a hand in getting JAB Holdings to take GMCR private - they were looking at a HUGH loss on their investment!
So when it sold from @129, last July, all the way down to the 60s and then to the mid 30s - it wasn't oversold?
This is hardly a vertical rally!
You are right, they do these things because they can, counting on mindless investors just to react on their every word. I don't trust GS because if they lower from HERE they must really feel there is little upside from here. If anyone has crony capitalism partners it's GS. I mean AAPL lower their guidance for the next quarter in their last earnings report.