We sent this out to members June 19. We certainly hope profits were taken at today's open when AMBA not only opened lower but gapped down. We have repeatedly advised that all gaps lower should be immediately sold at the open.
Pocket Pivot Review - AMBA update 6/20/15
Published : June 19 2015 at 18:47 ET
AMBA has had a high volume reversal after an intermediate term climax top. Those who bought AMBA when we put out a report on it, first on May 14, then on subsequent dates, are sitting on handsome profits. It might be time to take some or all profits off the table as high volume reversals can be particular bearish.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.