A couple days ago, on Sunday, January 4, 2015, I posted an article about Ambarella (AMBA), the company that makes video chips for cameras. If you had bought the stock Monday morning on the opening, you would have paid 51.09. If you were a day trader and held until the end of the day when the stock closed at 50.67, you would have been down 42 cents per share. Not too bad since the Dow Jones Industrial Average was down over 330 points for the day. Ambarella held up pretty well.
However, if you were watching the stock yesterday, and you were a day trader, you had plenty of opportunity to get out at a much higher price than the opening. The stock traded at 51.50 to 51.75 during much of the day and traded as high as 52.11.
If you were an overnight trader, you would have made out like a bandit today as the stock was up 4.36% for the day or up 3.5% from yesterday's open to the close today at 52.88.
Ambarella is still a solid play for the long term. I have a short put position on the stock (in other words, I am long the stock). If you are looking for other stock ideas, check out the numerous stock lists at WallStreetNewsNetwork.com.