I can assure you a highly respected biotech like NVAX will have nothing to do with "aggressively promoting the share price". They never have and never will. They actually spend their time doing important work, not running some shady PR campaign. Sorry they're letting you down if you need your returns right now.
same can be said for AMZN, which sports a p/e of 500. "P/E sky high. WAAAAAY overvalued" is exactly what a ton of shorts have been saying of AMZN for a very long time. High p/e is not a good reason to short a stock. There's a reason for the high p/e ... this company can double in size pretty easily. The same can't be said for WFM. SFM should be up on WFMs woes cause they're one of the companies responsible for the competition. WFM = ridiculous prices, they sell an experience, an experience that others have found is easy to mimic.
Right, and only 5% profit margin. And, standalone digital camera sales have been in steep decline for past 5+ years, which is only getting worse as smartphone cameras get better. And, when Google glasses become affordable it could make Gopro totally obsolete. Becoming the go-to company for video content is an uphill battle. Betting on them being some huge player in action sports content is just pure speculation. They're up against a lot of competition there.
All of you GoSuckers out there....just keep pumping the stock, that's fine. Keep saying it'll go to $50 or $75 or $750...whatever. That's fine...just don't actually BELIEVE the hype.
Becuasue, just as it could go to $50, it CAN go to $30 in notime.
Just ask yourself....how many people are skydivers, wingsuit flyers, mountain bikers, BASE jumpers etc etc etc ..AND... want to wear a camera strapped to their head while doing it?
Duh! Of course I shorted on margin One can only short on margin.
And u must be assuming I would use the same stupid all-in methodology that you use? Nope... WRONG
Could it go to $50?...sure, why not. But, eventually this thing will crash and burn.
Just be careful guys! It's run up 30%+ in 3 days. It can drop that far and then some in the same amount of time.
$200 to $400. They're too expensive for what you actually get. You can buy an entry level SLR for that price. Go look at SKUL stock if you want to see what happens when IPOs are priced too high. GPRO was priced high to start, now it's gotten completely insane
Growing every year? That's not true ... check the financials.
The reason theyve remained unchallenged is probably cause it's such a small market. If there was big money in it you'd see Sony, Samsung and a slew of others going after it...but they're not.
The real problem here is that it's NOT growing. They've IPOed this thing right at the peak of it and it probably won't really grow from here. The best they can hope for is that the people who already own one will upgrade to newer models in the future. But are they obtaining new customers anymore? No, it appears they are not.
It leaves others room to introduce a new model with higher quality also. This is a small market that will only get smaller for them if Nikon Canon Samsung etc decide to enter the market
How to Think about Market Prices: Be happy when a stock you own goes down. It gives you the opportunity to buy more at a discounted price.
I love how everyone uses Amazon as an example of a bubble. It's just not true. Amazons valuation makes perfect sense...its growing, its THE online ecommerce powerhouse, its years ahead of the competition (wallymart, target, bestbuy) in terms of technology. There is a fountain of money flowing into amazons pocket every day.
GoPro is just another camera company. A small one. Best buy sells GoPro along with thousands of other products. GoPro should and eventually will be a fraction of Best buys market cap. GoPro is no Amazon, that's for sure.
I can second what you say about the sales tactics. I was in Best Buy one time and there was a sales rep from the company there, trying to sell them. It was a pretty sad scene cause she was clearly not an adventure sports person and she was clearly not tech savy and really didn't know much about the product. I was actually pretty shocked by it. I figured they would've been able to get some better sales personnel.
The product sells itself to the target market (extreme sports enthusiests), but it seemed like the effort to sell it to the masses at Best Buy was a lost cause.
Yea you're so right. everyone I know has tried Google glass. And they all say its junk...so web 1.0, so 1999. It's light, it naturally fits your face, you don't get to wear a helmet and a mount with it. What a piece of junk! Dude, thanks so much for the enlightenment!