Up on Thursday over $42.00
Yes, that's why AMBA's getting punished more than GPRO. GPRO should be fine after the market opens tomorrow. Especially if analysts come out in support of GPRO.
That's right. Shorts will cover and move it back up on AMBA's earnings.
It seems nobody understands the dynamic of margin calls, but that's what's going on with today's rally: There is an absence of margin liquidation selling by brokerage houses and now traders are looking ahead to Tuesday's earnings report.