Even with a terrorist attack and some Friday panic, stocks are moving higher today. On the charts, they do have quite some room to bounce. My thought is that we will ultimately roll over either into the fed decision or as a result of it. Regardless, I covered my shorts and bought a few stocks.
I think AMBA is an a good spot. Risk down to $49, and the trade has decent risk reward.
AMBA is not a one product or one trend story. They benefit from Home Security, Police Body Cameras, GPROs, Drones… all great stories.
Lots of short interest.
>25% EPS growth over the next 5 years trading at ~15X forward earnings
terrorism = more investment in defense = more video security = more AMBA
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i like it
just pressed that trade
Great call, I followed yesterday and bought an hour before close. Thank you for idea. I hope to return the favor.
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