The reason you keep losing your #$%$-ets Steve is because you don't understand how Wall Street works.
The AH now is simply a fake-out.
The problem you had by buying AMBA is the following:
I'm a professional trader and I came in here and I warned everyone when at $125.00 that AMBA would soon be "cut in half".
But that is not what I was about to tell you right now.
Here it is:
1. You failed to have a preservation of capital strategy.
a. This is absolutely needed.
So, the next time you buy ANY stock do the above.
Because I'm smart.
TOLD YOU SO SUKKAS!!!
Sentiment: Strong Buy
Do you see the 52-week highs & lows? Well, we are above the mid-point and this is "bullish".
You may not know technical analysis like I do.
The above is the MOST important fact (from a technical standpoint).
Up over $3.00 tomorrow.
Selling on strength.
Why? Everyone is raising cash in my opinion.
The gold rally will continue, oil will sell-off.
So, what price for the low, or the close, of the week shall I pick? Is $65 alright?
Or do you prefer $56 ?
Let's agree on a sub $60 weekly close, then you are on.
But never mind your part because I already know I'll be right because I do this for a living.
By the way, everybody saiod the same thing on the AMBA board when 3 months ago trading at $123 I posted that within 3 months AMBA would be cut in half.
Not to mention my posted "new 52-week lows soon" on the Twitter message board 4 months ago.
I posted that there would be a TWTR low of around $21 when the shares were still at $37-$38(a few months ago)
I'll sell BABA down so fast that the common shares will drop to 52-week lows again this week.
Enjoy watching the show!
TOLD YOU SO SUKKAS!!!
I Think $1.20 Would Be Too Cheap Here.
$1.50 Maybe But Not $1.20
But I guess It Could Happen.
No One Really Knows For Sure, Huh?
Now the liquidity is gone out of the stock market.
You made your bed so go lie down in it.
I have to take away ALL of your money (AGAIN!).
Happy weekend 2 all.
A nasty slide is just around the corner for equity markets.
No one knows this but me.
It can be lonely at the top.
Not because it is in the toilet but rather because it has had the biggest "Plunge" from $120 down into the high $50's.
More downside to follow so remember the THE PLUNGER as the trend continues lower.
I'm the roadrunner & you're the coyote..
Very fun, I know ! ! !
Longs, the coyote, simply haven't looked down yet.
The lowest it went so far was $195 on August 24th but that was $15 above my target low.
You can rest assured that my $180 target will certainly come VERY soon.
This is how the stock markets roll people.
This is normal after such a strong bear market rally like we've had.
It's going to be very brutal but don't worry because these forces are all a perfectly natural part of financial markets.
I only know this ahead of time because I do trade for a living.
All I knew three months ago was that AMBA would be going below $60 and that BABA would be ending the year at it's 52-week lows. Go and take a good look at the BABA charts. Any fool can see that the trend is massively going down. Wall Street is pumping and dumping as many BABA shares as they can so in the $20's they'll be handing out BILLIONS in Christmas bonuses. BABA is a better sell now than AMBA. What do these two have in common? That MASSIVE drops would ensue. MERRY CHRISTMAS.
BABA is my #1 short.
When it bottoms in the high $20's I'll cover.
Did you learn anything?