yes apples and oranges, but you can't tell me that today's pop of over $4 had nothing to do with riding google's coattails because it absolutely did. I think you are trying to be too analytical, for instance google going up over $93 a share today is a case of irrational exuberance to borrow the phrase, their earnings report really did not justify such a huge increase but emotions and sentiment play a big part today especially in a surging economy, so I am counting on this optimistic trend to continue.
If Google can go up what over $90 in 1 day, why couldn't fb get to $100 and then pop $20 on earnings or get to $110 and then pop $10 on earnings. I believe a lot of tech companies will post great earnings this quarter in- cluding fb. jmho
When the Nasdaq is up 1.3% and Aapl is up about appx. 2,4%, that spells oversold and being that earnings are around the corner, I see this as a great entry point.
This is the bottom people, apple watches don't matter, iphone sales is the key. See ya back at $130 soon.
Their movies are raking it in, cruises are full. theme parks are full and we all know Disney prices and they are up there but that has not deterred business. I think the up and coming economy mirrors the profits coming in. Customers are not afraid to spend and spend. Lets not forget Stars Wars coming Christmas, could be high $140's a share by then.
I have been following amba awhile. Now when earnings came out and blew the doors off the estimates, it flew upwards from $88. It probably got a little overheated at $128. But at it's current price, it seems a bargain, pe is not too high and earnings growth is spectacular. It came down shy of $100 and is now stabilizing. How can it be downgraded to what $60, $40 when it shot up from $88 on excellent earnings. Don't believe the noise, pay attention to gross income and profit, stock price will reflect accordingly.
Did anyone watch the interview with the ceo? He is a sharp leader stating they have 200 patents and growing business and profits exponentially. This is easy a 5 to 10 billion now , a buyout maybe in the future.
I have to admit, I am very impressed with this growth story. But when you dig a little deeper, it all makes sense. It is a small cap stock in a dynamic business and has grown it's profits 50% over last year. So yes it deserves a high pe, hopefully it does not get bought out.
I am only talking short term , earnings, long term is still great, usually when a stock runs up so much prior to earnings, it slides after earnings,
( look at at Apple it hit $135 with great news then slid to $127 , now back up ) that is the time to accumulate after earnings.
If you check the last month's chart action, one can see that about $15 a share is already baked into the present price due to the upcoming earnings report so unless there is a buyout offer, the lion's share has already been made.
and today $8.92, I predict just shy of $10 come earnings, buy the rumor sell on the news and get rich.
MM's are bringing the stock down to get in for the divvy. Just think, this is after the huge earnings and weak hands are selling. Anything sub 124 + the divvy is a win-win move.