Citron report on AMBA today:

No position but this may be a buying opportunity?


Citron used to do a better job than this.

The whole argument is based on the fact that the valuation has gone up (in percentage) so much more than ever Uber… And that’s it!!

While I believe Uber is much bigger play… It has nothing to do with AMBA’s potential.

It is difficult to estimate AMBA’s true potential but that’s just why we monitor actual progress and focus on 1YR PEG…

I am hanging in there with continuous caution!!

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The market, unfortunately, agrees with Citron… it’s down 20% today. Of course, right after I entered.

I’m staying in, though, and may very well buy more since it’s cheaper.