What would you be doing?
A. Carefully buying back in the mid- $70's today, so as to trap new retail sellers.
B. Take a chance & stay short and buy back with a stop-loss order set at $81.55 for this afternoon, on all one million shares.
C. Put in a stop-loss order for the entire million shares at $77.51.
There are plenty of market fakes.
A market fake is when the drop or rally does not happen.
This is only in order to take away much more of your money.
Drop will come, as it has with AMBA.
If you were managing a multi-billion dollar fund, and wanted to take a 5% stake in AMBA now, you'd keep the price as low as possible (just like today's action is indicating).
Today's action is ONLY to allow MM's & Long Funds, to LOAD-UP on the cheap.
New highs again and sellers will weep (again).
Not to mention those algo programs SCREAMING soon.
unfortunately mark to the market accounting is here to stay.
the dart board stock picking strategy is in full effect in AMBA trading.
this is because the mm's are no longer doing their jobs.
i posted this as AMBA was rallying to $129 (that they failed to sell enough shares), and i'm again posting it right here right now.
the fake drop in AMBA from $129 to today's $70's is only because most MM's and investors in general, no longer know how to trade.
when you see a big drop in shares, with no rally higher to follow, rest assured that no one has made money. this is because everybody was caught on the wrong side of the market.
TONS of fun.
i ABSOLUTELY LOVE this kind of stuff (the movement of stocks, and what it all indicates).
Been a professional trader for many years and, contrary to you, I make lots of money.
Hold-on for the afternoon drops to my price targets.
Will you be happy at $555.00 later this year?
Then they'll ALL be totally worthless before they expire.
Oh, you might get a dime for some of them.
Have fun SUKKAS!
This is what a Pro knows.
Been a professional trader for over 20 years.
My biggest "KILL" recently has been in AAPL.
When AAPLtraded at $92 last week I loaded-up on 5000 of the $109 calls at .01-.06
Sold them all at $3.00 two days later for one of my best kills of all time.
I wouldn't be too surprised to see $68.88 before a leg STRAIGHT towards $110+ this afternoon for AMBA.
Live & Learn.
Watch & learn what a professional knows.
Robotic Trading Programs dumbo. That's all that is really happening here.
AMBA back over $110 in a flash.
YES... this week.
Oh... TOLD YOU SO.
The bots were programmed by MORONS and will lose BIG.
This is ALL that has really happened here today, and yesterday in AH bots were in full force.
An OVER $110 close for AMBA today would not surprise me at all.
This is ALL a sham.
$110.00 + before this Friday.
You can be 100% sure of it (based on the above facts).
VERY fun stuff.
Did I sell those contracts short knowing that they'll be going to zero before Friday's close?
You'll never know.
The important thing is that traders are having a fun time (really this is what it's all about people).
Enjoy life & laugh a lot, you'll be much happier this way.
You are both assuming that AMBA is headed lower based only upon AH and the recent stock market sell-offs. You'll both be wrong, internetreatiler & joe_kernon_cnbc.
I see a sell-off to around the $78.88 lever during Wednesdays session followed by a sharp rally into the close to around $107.
I'm a technician (hello Carter Worth).
I'll be MASSIVELY buying the $102's (the calls) when we hit $79 in day trading Wednesday for Friday's close of above $110-$117+ for a HUGE payday.
& Thanks to ALL sellers.