a lot of the drops in GPRO can be attributed to 1 person- Erin at Piper Jaffery. Way to much for 1 person. Your gonna tell me she didn't alert her friends etc. to short before this & her other down grades? They didn't used to short into the ground after one missed earnings- a few buck down but.... this is as overdone as the runup to 80s
I've read different things 2nd quarter or 2nd half- I can wait it out no matter what although of course I'de like it sooner
Yea- I guess there's more of that too- running stocks up that shouldn't be that high- I didn't expect this to go back to around the 1st day it traded though
Elevator down, stairs back up - that's the old saying. May take a while but probably going to at least 60. I don't know if it's high frequency trading or what- but a few years ago if a company slightly missed it went down a few bucks & not piling on & slamming it down 50% etc. In this case it wasn't even GPRO's earnings, which were good, it was AMBA's 'comments' & I think that's what threw me - didn't even have the chance to decide to sell or hold through GPRO's earnings.
I bailed because there is the possibilty that this isn't the low & WS crooks could take it lower & it seems a large possibility to me. If not I'll get back in.
Well, i bailed- could they take this down to the 52 week low? Yes look at what they did to gpro on ambarella's coments. It's got nothing to do with fundementals etc. They beat on revenue but missed on earnings 'cause they were putting the money into the business (how many years before amazon showed an earnings profit). I'm watching if this is the bottom, but they could keep taking this down
Are any longs selling (no BS shorts saying this is going to 0 etc.) it broke below 8 before but not 7. i feel if i bail it'll go up & they were trying to take out 7 stops- what are some of you others doing- holding or bailing?
One BS article from Barron's & this thing tanks even more- they are not that reputable - "might have competition" nothing new, only positive from the company- haven't seen this WS B.S. in a while!
I don't think there's anything an 'investigation' can do. WS street crooks can manipulate stock prices & there's nothing we can do. It's been a while since I've been in one like this. It dropped so fast with no real reason it caught me off guard. seems they had already announced they were'nt going to release any new models before AMBA's earnings- the supposed minor reason for the sell off- but it's just WS crooks they just wanted to take GPRO down but this low this fast?
I'm pretty p.o.'d too but I think this is unusual short manipulation etc. I went back & read all the positive articles, raised target prices, growth, earnings & revenue beat etc. from just a month or so ago & saw why i bought. I'm just gonna sit tight & think it will go back up with drone release & all the other stuff. If WS wants to take it down it can & will
"The Barclays team doesn't think the selloff in GoPro shares is warranted from a fundamental standpoint, and they think the camera maker is still doing well in the current quarter. They continue to rate GoPro at Overweight with a price target of $71 per share."