... AMBA trying its damdest to sucker folks in ... up in a big down market ... makes it look like all is good now technically. NONSENSE ... you buy here you will get clobbered. probably going down to 50s after this idiotic fakeout.
Their last report was hideous and it cost me money. Now all of a sudden it's the best thing since sliced bread!! And AMBA, which had a very good report, is collapsing? Crazy.
The AAPL thing is a myth that has been pushed by short side manipulators for many months. It has been solidly debunked and ridiculed by industry experts, repeatedly. In bear markets, however, myths like that can be repeated and have some traction.
Sentiment: Strong Buy
Citron has covered its short and moved on ... to NFLX of all the crazy things! Many simpletons are believing that Citron was right in their TA and FA of AMBA, but in fact this collapse is a normal sort of bear market collapse of a momo stock. Nothing to do with the points in Citron's analysis.
The old "why do great results in a poor market" deal. Do like AAPL - low ball 'em this time so next time we beat like crazy. I think we're setting up for a massive beating next report.
It is totally market related. Citron is wrong.
So if someone wants to load the boat on this, at what level should he do so?
I seem to remember it was down at first, but eventually went higher, as things were said in the CC. But I may be confusing this with another stock.
They got some good comments from FDA for phase 2, but that means zilch as to ultimate approval. I've seen co's get a few good comments early on and get rejected. Plus, no phase 3 completion till mid 2016. Not much more upside from these pre-mkt levels.
And when I say "they" I mean the manipulators - hedge funds and such who were manipulating this thing like fiends! Have they given up or will they be back very soon?