Hey Saul after the big run up in Amba shares have you trimmed your position or do you think there is still more room to run? Love the story but it appears stock analyst want to knock this down with the recent downgrades. What’s your sentiment? Thanks.
Gerald
Hi Gerald,
I’m a modified long term buy and hold type investor so I haven’t really considered reducing my position on AMBA yet as the business itself seems fine, and able to support the price. (A casual glance shows them at about 30 times trailing earnings and growing about 30%). If it gets to be over 10% of my portfolio though, I’d possibly cut back to 10%.
Saul