Market Makers were successful. Weak longs sold last week. The stop losses were triggered.
They may wish they held on. As we know, it always goes down more than we expect, and it always goes up more than we expect. Market Makers jerk it one way a little while before news comes out the other way. Soon you may ask, "Why didn't I add more"
I really can't get over how stupid you think people are. Cramer made his bearish remark about holding the gun to head on this stock on his Lightning Round, WED. FEB 4th 2015. He has changed his tune long since. Fact is this stock is 32% of float short per Yahoo Finance. Prime for a short squeeze. You shorts had your day in the sun with the pullback. AMBA investors,.. As Cramer has recently said about AMBA, Know what you own.
Don't let these desperate shorts scare you with old sentiment that has changed.
THEY have short sold over $100 million of added short position as the short float percentage went from 27% ( 7.76 million shares) to 32 % ( 9.0 million shares) from May 29th to June 15th (per Yahoo Finance)
Be aware. They will do everything in their power to shake you out.