On a related note, I just got back home, and it's trading at about $81.50 in AH....does anyone know how low it traded before this, or this number the low in AH? Thanks
Because the market is fragile right now, they look for any excuse to sell off. This was an excellent report, guidance did not fall short, and even at $80-$81 the stock remains in a long term uptrend. I'm adding more now.
It's interesting that AVGO, another fast growing semi stock with exponential applications, has almost the exact same chart as AMBA......
I'm expecting a mea culpa from Citron. It may not come in a formal press release, but you can bet they'll have to cover their short....The long term charts (weekly, monthly) remain in great shape, and that's what I trade on....I don't care about the daily swings, the long term uptrend is what's important.
The market is overdue for a bounce, but AMBA should go much higher regardless. Their business is growing very fast!
Well velocity, it's taken 6.5 years, and these morons are finally caving in to the real fundamentals. And yet there are still the talking heads in the media telling clients to buy the dip. The technical damage will be felt for months....but sure, it's all transitory...lol.
Well it took 6.5 years, but now I can say it was worth the wait. And yet there are still the Tom Lee's out there telling clients to buy the dip now.....This technical damage may last quite awhile, even with a brief counter trend rally...Enjoy!
After the end of day reversal Friday, it looked like they were going to try to rally the markets Monday. Something negative is going on out there, maybe another drop in oil futures, but the Dow futures are now down 200...
A half gallon of my favorite ice cream now costs $6.29. Fortunately for me, the day I went to the store it was a "two for one" sale, so I saved $6.29. But yeah, food inflation is nothing new, this has been the case for several years. On a related note, since everyone (in the media, the Fed, others) seem to think this global weakness is transitory, I think we're headed for a protracted bear market.
The reason why everyone is on edge regarding whether or not the Fed will raise rates in September is obvious.....It's because the Fed has NO IDEA whether or not they will raise rates in September.....that decision has not been made yet, and the markets hate uncertainty!
According to the ER release on my brokerage report, it looks like they guided their revenue way down from the analyst's expectations. I'm going to wait to see if it dips in the am and then buy, but it's a concern.
Technology is correcting, materials and energy are horrible, as is consumer discretionary for now. Health care is always a great option, and people have to take their meds to survive. In addition, I personally believe that Lannett would be a great candidate for a bigger player's acquisition strategy. I went long today for the first time in years, after the earnings beat. The growth story is still in play for many reasons.
Honestly, I think Cramer violates many SEC rules by interviewing CEOs on his show daily, and asking them how their business is going, among other things. But this Cook e-mail to Cramer is just a pumping effort from a CEO to a clown.
LOL, it makes absolutely no sense that the CEO would e-mail Jim Cramer to tell him this. Why didn't he report this news on Reuters, or another financial media outlet? Better yet, why waste your time e-mailing the resident clown on CNBC in the first place?
You have a brokerage account, right? On the securites you track, there's a news marker, whenever there's news about that stock, or others. Everyone looks at their brokerage accounts; not everyone watches clowns on TV, esp. not during the work day.
How about a standard news feed on all the media outlets, that would appear on everyone's brokerage website? You know, like Reuters and other media outlets.....geessh.