I am totally convinced that this market will not break (as in bursting the bubbles) until there's a substantive catalyst with broad global implications. Last night on the news they talked about credible terror threats that the enemies are plotting to happen before July 4th, and a security expert said it's very real. Does the market watch the news? Of course they do, but how many times does the boy cry wolf? Same thing with Greece. Greed and apathy Chicky, greed and apathy; that's the thesis here. In late news just now, the financial media is already spinning all the possible outcomes for Greece, which according to them all favor stocks. How can you win? You can't. So short of that catalyst, the movie plays over and over again.
I see what you're looking at, but I'd call it a potential head and shoulders pattern. It may take some time, but to confirm this, the S&P would have to fall below about 2072 on heavy volume. A close considerably above 2126 would probably negate this formation.
So wait, the Federal Reserve is now the Secretary of State, Secretary of the Treasury, AND the Fed chairman? Keep feeding the wealthy Janet, that's what it's all about. Maybe some of that wealth will trickle down to the middle class when we're all deceased.
Those clowns play with millions, and they drive the etfs higher. Look at AMBA, look at the entire biotech space, I've never seen a bubble of this magnitude since 1999.
I'm really worried about this market, and you should be too. The Fed says everything is fine, and everyone bids up stocks. it's the same movie repeated over and over again. Traders expectations need to be reset, and soon, or we'll all be sorry.
On last night's news, the headline was the very real threat of a terrorism attack before July 4. Security experts said there's very credible evidence of threatening chatter. That explains why the market is up over 200 points today, right? Xtgeminiman, how sick are we of this BS?
Netflix is a completely different company opinions. Branding, leverage, scale, and exponential worldwide growth all describe Netflix. I watch Netflix every day, and no longer watch TV. NFLX is huge, and yet they're still in the early innings. I don't know that everyone will be interested in GoPro cameras, or drones in the near future. Ambarella is not Neflix......But I get your point.
Carter Worth is a well respected technician, and he said to sell AMBA. The simple force of gravity will take over soon. When you ask? Well I'm going out on a limb to say the pullback begins in earnest tomorrow, Weds. June 17. I have a good reason for this to happen starting tomorrow, which I will not share right now. I can tell you this from experience. AMBA will not advance much higher, unless it's allowed to pullback and regroup. A move to about $95-$97 within about 3 weeks+ would be very healthy. And since I have the other side of the trade here, I'll be honest and tell you that Ambarella is a great company in a high demand space. But none of that matters, because parabolic moves are not sustainable for long. I'll probably go long in the $90's.....See you there.
this stock is lagging. Most oil related stocks have been up, while SLCA has been consolidating. While consolidation is good for a future move up, it's been down several days after an upgrade. I'm not selling, however, because I still believe in the story.
Does this mean he likes to see his clients lose money? I am so sick and tired of the sell side analysts in this market. It's 1999 all over again.
If you bought in the mid $50's and haven't sold yet, then clearly you're the complete joke. Ambarella is not a panacea for all diseases, although it's bid up like one. A correction to $90 or so in a few weeks is healthy genius.
The bottom line is anyone who hasn't taken a profit by now is greedy, and will get hurt. This time is not different.
says get the hell out of AMBA before it's too late. Normally I wouldn't short a freight train, but this one is worth (no pun intended) the risk.
It looks like AGIO will fall to the $89-$90 range, maybe even this week. If that doesn't hold, we're probably looking at a move to around $70 in a few weeks. I just follow the technicals. What does this company make again?
Three analysts, heavy institutional ownership, and very valuable assets. I see Paulsen making an activist move soon.
Yep, it's that time folks. Time to go short. And I love reading posts from greedy longs saying "on to new highs next week." That's just what we read in the year 2000. Ambarella is a good company, but they have not discovered a cure for all diseases. It's a stock, and people take profits. I'm not short yet, but I'll start my position Monday.