Good or bad stock is a different issue but technically the RSI is so low that the chances of the PPS to go up are great. The stock may lag to give a sense of selloff but, at this point, IT MUST GO UP. It is extreme oversold territory and a bounce is due. We may be witnessing a bounce as we speak. The PPS has recovered almost 5%.
The report is inaccurate and everybody knows that but what you fail to understand is that when big guys take a short position they pay these small firms to circulate stupid BS. This is how AAPLs downfall started.
China worries is way overblown to avert normalizing interest rates. AMBA current RSI is 33, close to oversold category of 30. Surprisingly, our futures are up rightnow even though china is down 3%. Let's hope for a bounce. A 300 point bounce can save AMBA's massacre tomorrow.
Never ending Tantrums.....Conoco Philips is laying off 1800 people because of cheap oil. These are the same people who made well above six figures when average people shelled out their hard earned money at gas stations. Now those fat burritos have no jobs, so again, average middle class has to suffer.
For decades these big oil companies have been booking BILLIONS in profits, paying out large bonuses at the cost of average middle class people. Now that they can't pay millions in salaries, they will cut costs by layoffs to continue booking their profits. The sacrifice always has to make by the lower end, dangling middle class.
AMBA, FIT, GPRO-- all three high growth stocks handily beat the earnings estimates and all three are down BIG. It is as if their fate were already decided.
WS guys are no better than thugs and mafias, manipulating and holding the entire market as hostage just because they don't like normalizing the interest rate. China slowing down is the biggest BS ever to avert the rate hike. Manufacturing PMI is slightly below 50 and could very well come back up the next month. WS childish tantrums are jeopardizing the US citizens retirements, pensions and general wealth.
Do you have any ideas what FEDS should do in this situation? I would say shrug the china worries, hike the interest rates and stop VIX trading or manipulate VIX trading by shorting it down. These guys need to lose their shirts in order to bring them back to senses.
In a BULL market you say "Lunatic traders are the ones selling."
In a BEAR market you say "Lunatic traders are the ones buying."
I will let you decide whether we are in Bull or Bear market.
Inversely, everything flies in bull market, including pigs. I think the fate of AMBA was already decided before ER. The way it got sold off yesterday and today clearly says the path of the stock. This market rout is only going to get worst before it gets better. In a bear market there is no such thing as bounce after 2 or 3 down days.
What's going on? A beat matters, one cent or 10 cents. A beat is a BEAT. I understand CC will provide guidance but atleast the stock shouldn't sag. It's down almost 13% from friday's close.
nobody is buying this stock at this moment. The last two day's selloff only tells me that big guys are exiting. This stock has been tortured to the max and so are the shareholders. let's hope management soothes the wounds of shareholders.
With very little capital they buy puts and jack up the VIX and they will continue to do it until the market collapses. So basically give what WS wants else they crash the market.
I think these products are manufactured by WS to use them to their advantage. This way WS holds entire stock market as hostage just because they don't like FED normalizing the interest rate. WS worries about china more than US companies........What a BS?
VIX is sitting at 52 week high and it will only go down from here OR the chances of going down are significantly higher than going up. This is high time to pour coldest possible water on vix to make maximum differential.
I would buy calls on blue chips big time NOW. The only issue is when volatility goes down, so does your calls premiums/value.
Sentiment: Strong Sell
VIX has spiked for the day or that's how it appears. AMBA will run up as few shorts will cover before ER. The price is so low that an average beat will send AMBA soaring/short covering.
China's Official PMI came at 49.7. PMI below 50 means contraction of manufacturing. U.S. Market indexes down 1.5%. Tomorrow VIX will surge, AMBA, along will many others will fall hard. We will probably go to earnings at $90.
The way pros are selling, it's not very promising. I will remain on sidelines until ER volatility settles down. If it goes down, i will buy BIG. If it goes up, i will still buy once the volatility settles. This trading action is making me nervous.