So GPRO lowers the price of one of their camera's and an analyst drops the target price of the stock. Whether GPRO makes 150 dollars or only 50 dollars does not affect AMBA. AMBA's revenue did not change so they still make the same amount of money. It appears to be pure manipulation that they tanked this stock 10%. Maybe the broker that shorted heavy will come out with a downgrade tomorrow. One of the difficulties now in the market that brokerages overtly manipulate the market.
YesI do have a day trading account. It cost me 4.99 each way for 1000 shares or 5000 shares. So it costs 10 dollars for the buy and sell transaction.
For longs sake I hope that doesn't happen. Have no faith in the charts but then one never knows how low they will take it.
Too many shorts in AMBA for that. Even if they get an upgrade tomorrow there will only be small (dollar or so)gap up and then get sold down.
AMBA is a good company with great chip expertise. It is always a traders market. At the present time wall street has an easy time making big dollars shorting particular stocks. AMBA and many others fit that mode right now. I for one do believe in their technology but still waiting to buy. I believed in it when stock was 100 but thought stock price was too high. At present I am thinking we are near fair value but if they tank this market it will go down much more. So i will wait until I see buying. For those already long I hope for your sakes it moves back up soon.
The only takeover chatter I am hearing is that the mortgage company wants to take over my house as my collateral of AMBA no longer meets their expectations.
Mr. Gilhuly, Mr. Bates and Mr. Marks have made multi millions with the shares they have sold. They say THANK YOU for buying our shares. It will help them to retire in peace knowing that they can look after themselves in retirement.
They have the high rating as 120 and the low rating as 80. It is certainly not enticing me to buy yet. For longs I hope that it moves back up and from here it makes higher lows and higher highs until it reaches these numbers. Maybe the FED meeting this afternoon will have a positive take for AMBA
I do not know about horse racing as I do not bet. With stocks I do try to determine what the smart money(Folks that have the big money and move the market) are doing. Charts are great after the fact . For every chart that does one thing, the exact same pattern in another stock will do the opposite. GL
A lot of retail, mutuals bought this stock in the 80 to 100 area that may never get their money back. I certainly have no advice. I am thankful that I sold my GPRO for a gain and have not bought back. I am watching it as now it looks like a bargain but I can no longer believe what I read as there are supposed facts that contradict.
I was thinking of purchasing some AMBA as it was correcting some while GPRO still falling. Just observing still. This seems a little overt in the manipulation today in AMBA. GLTA
Ironic when someones shares "Why are they punishing AMBA"? Wall street is shorting AMBA to make money. They are the buyers when it goes up. When they sell to retail then there are few buyers. So when they short, there are now few buyers so it goes down very quickly as we are observing.
When on the wrong side of wall street can be very painful. Down over 8%. One might say that this is ugly and may get much worse.
Now you are seeing them shorting more for themselves with trading money. Consequently nice profit for for investment short. Has not taken that many shares to bring 7.5%. Wow! To control a stock like wall street does brings guaranteed gains.
Of course this statement is not accurate! They have made a lot more money since then. They have more products to sell since then. The stock is not so overpriced now. The world is in a pig trough, no disrespect to pigs.
President Bush has put this country, really on the map, as a bunch of greedy, power hungry bullies that nearly everyone hates us. President Obama has taken over the position of god and is changing the moral fabric of the country. The change that he promised has come with there being an even wider gap between rich and poor.
Our country is being run by folks that talk values yet live as hypocrites with narcissism as their main character attribute. So the powers to be in the trading firms via the funds given thru the QE's can manipulate the market more efficiently long and short to make millions of dollars. This is what you are seeing in GPRO. So may luck be on your side because unless you are on the inside you are only guessing.