Cross post from a related conversation over at RB:
Well, revenues are up 73% and EPS is up over 200% vs. the year ago quarter. – Don
I see this headline after hours:
“Are Ambarella Holders Too Exhausted To Chase Solid Earnings?”
According to my news feed, earnings came out at 4:05 today. The article came out at 4:41. What’s that? 36 minutes later there is speculation that investors aren’t reacting “properly” to the earnings announcement?
LOL
In my opinion and in the usual opinions of most around these boards, the “news” articles and “analysis” really is just noise. To be ignored (except now I’m pontificating on it! LOL).
The only useful news is the earnings report and the conference call. Focus on that plus possible subsequent news from the company as well as actual news on competitive action. Ignore these poor analysts who have to print SOMETHING to hold their job even if it’s drivel.
And kick back. Say to yourself “Self, it was a fine report. All is well. Let’s look again in three months. But in the meantime, let’s share actual news and views with our fine Fool friends in celebration and possibly some insight.” Take your significant other out to dinner and share with them your wisdom in having bought AMBA. Tell your friends who prefer to buy junky companies instead. And lay your head down tonight with a smile.
Getting rich is simple from an intellectual standpoint. Don’t let your heart (emotions) send you off to the sell button, howling in fear. That’ll slow down your wealth machine you’ve got here.
Rob