Thank you. Their CC should be interesting, given the transitions into new markets AMBA is going through.
Remember people, GoPro is NOT the main customer for AMBA - they are just the most visible. The main product, and the real driver is all those security cameras. Think ATT, Verizon, DropCam, and you'll get an idea of the scope and future of this company. It's going to be huge.
Why should it have any correlation to INVN? AMBA's only competitor (only possible competitor at this point, that is - not a competitor in the real world - yet), is Texas Instruments, not INVN. Just curious why you link them that way.
I pay attention to moving averages on a log scale. On climbing stocks, I look at the 20 DMA vs. the 50 DMA. On VERY fast climbing stocks I look at the 20 DMA and the 30 DMA. When they cross is a good time to reevaluate.
Yes, and if this was Proctor and Gamble or Goodyear Tire and Rubber, I would agree with you.
Take a small, unknown company with no debt and over 40% owned by the management which has an exclusive but inexpensive product that is desperately needed by a huge and growing industry and couple that with a growing awareness of that company and what it does... then add two brand new sales channels as large as the market for televisions and what do you get? A company that with a 300% rise is still undervalued by at least half. And the only reason it isn't higher already is due to a lack of understanding of the company. I mean, some people still think AMBA is about GoPro cameras being purchased by skateboarders and surfers who want to make "cool" YouTube videos. Probably what Morgan Stanley thinks too, and the reason for their downgrade - someone NOT doing their homework. AMBA right now is sort of like Apple when they came out with the iPod - except nobody knows about it, and unless somebody can steal some of their engineers (which I doubt), and make a competing chip, they're getting MUCH larger than they are right now - it's going to be huge because the market for their chips is the top 10% of the population of an entire planet.
Low of the day (so far), was 19.20 - so 19 sounds right. If the market absolutely tanks tomorrow for some reason, then all bets are off of course. Might actually put that stop under my entire holding.
They're probably in, just want a lower basis in the stock. Buying opportunity if you put a tight stop under it.
AMBA has gotten back almost everything I "paper lost" in AAPL's drop from 700 to 400, and I believe it will carry me up to a realized gain equivalent of 900 to 1000. Of course I still hold AAPL, so I've got a double-whammy going, but it's nice to know I made almost all of it back, even if it wasn't the same company!
Al Gore was interviewed and mentioned a PRODUCT called Nest, made by Nest Labs. He was talking about a completely different company - which is PRIVATE. This was a case of mistaken identity.
Or you can hold through the ups and downs. I"m still holding GOOG since the IPO, and AAPL since under $25. Trading in and out is not always the best way to invest.
The news was their last earnings report, plus the incredible cc by the CEO. Listen to it on their website; absolutely brilliant. Ambarella is addressing the high, medium, AND low end of the video data transfer market with a single programable chip. Think of all those SECURITY CAMERAS being installed and you'll get some idea of the scope of this company. And they are the preferred vendor for Very High Def Television, which is just starting to hit the market.