There's a huge problem technically when their biggest client gets upgraded, and Ambarella can't hold on to a small gain and turns red. The implication was that if the Citi analyst thinks GoPro is worth more, than Ambarella is worth more as well.....except traders aren't buying the rationale at all, at least not now.
It's not a cup and handle formation by definition. It's more like the stock is under longer term distribution, esp. given in the move in late June. And as for today, it's only up in pre-market because someone upgraded GoPro, which in itself is not a reason for AMBA to trade higher, but maybe a few shorts are covering.
Probably hedge funds. You really have to have a huge cash pile to play this kind of swing. The manipulated bots sent the stock way up 2 seconds after the report came out, only to fall dramatically after they dug deeper. Some got really burnt on that move; but I'm with you...I'm happy to sit this one out.
Up $25, back to even, may even go red again. This is entertaining, I'll leave LNKD trading to the hedge funds who are playing this like a rag doll.
And this is a 6-12 month price target. The stock is way overbought.
Jhalsteadt....Do you know how to reach Allergan via e-mail? Is the format first name.last name at Allergan? or Actavis, or some other format? Every e-mail I send them is returned. Thanks in advance.
and the stock is still going up trading in the $204's.....this is an absolute joke. I can afford to wait, or add to my position on the other side of the trade, because eventually I know the big gap will be filled.
$110 may be the next stop, but I don't think it will hold. There's better support at about $100, but if that doesn't hold, eventually we can see around $70, which I think is a possibility in about 3-4 weeks or so. I don't care too much about the Cramer/Citron debate, I'm just reading the chart. As far as the debate, shorts usually do much more due diligence, so I have to go with Citron's view just for that reason....Cramer is a cheerleader clown.
But the sheep are buying the decline now in AH....CNBC must be pumping the stock, and I'm sure Cramer will pump it more later. I don't see how this business is sustainable as a growth stock longer term. On another note, NOW is getting crushed as is WYNN. I don't know when this silly smoke and mirrors market will end, but it will.
No user growth, no reason to buy the stock.
Will the market ever correct 10%? There are trading opportunities both short and long, but there's no trend whatsoever, which makes trading very difficult.
It may be a short though at the end of the session today, it depends....
The advance in AH was the short squeeze. This stock is up on two things: Hype, and hope. There's absolutely no fundamental reason, other than the CEO being a cheerleader.....There's no evidence at all so far that their transition to their "2.0" strategy is working. I think after the am gap up, the entire move is faded.
They missed earnings and sales forecasts, comparable store sales at systemwide locations rose 1.8%, vs. expectations of 2.2%. They said same store sales are accelerated the first 27 days of the quarter; does that mean the next 63 days will accelerate as well? Does this statement justify a $17 move up in AH after missing their numbers, and basically reaffirming guidance? The stock was already up from $160 to $190 this quarter, so I'd say it's time to sell.
I've never shorted this stock either, but I'm short now. TWTR popped over $4 and is now red. This may take a few days until the novelty wears off, or they may fade the gap up all the way down. Today aside, I believe the broader markets may finally correct. I mentioned this below, this was not a good report, and all they did was reaffirm their previous guidance. But the stock was in an uptrend, and you can see the move was coming on the weekly chart. This is not based on anything fundamental, so I think this gets faded quickly....Just because the CEO said the quarter is starting off with better bakery sales doesn't mean that will carry over for the next few months.
Gee, the CEO says restaurants sales are picking up this quarter, so they forget about the bad quarter, and based upon foot traffic for two weeks, the stock goes up to $205? I'd like to go short now, but I'll probably wait until tomorrow. My sense is this will be faded down to fill the gap tomorrow, it wasn't a good report, and all they did was reaffirm their previous guidance.