you know you're not looking so brilliant of late either pumping this stock.
you're kidding yourself if you think there's more downside than upside here. The market is bearish and there are bigger fish to fry than a stock that's already lost 90% of it's value. You're asking to get burned here shorting at this price.
a company tanking with a 30 PE ratio? or GoPro that's been cut by 90% with a PE of 9? cash in the bank and a very marketable brand that many other companies would love to own?
the $8 prediction was put out by Motley fool a couple weeks ago. It's possible, but not likely unless GoPro has to downgrade once again. I say they've reset the expectations and there's upside from here. This is a brand that is worth quite a bit - a good buyout opportunity.
just begs the question; who has the cajones to buy or hold onto a stock with a 300+ PE ratio in a volitile stock market?
good question. does the fed hold on to anymore shares of GM?
I think the shorts are shrunk significantly in the second half of January. The stock has sold off and hit a bottom imo they've adjusted expectation -
lots of good points, but Apple doesn't buy just on patents alone. Remember they bought Beats and there was nothing special there except for the brand. GoPro has created a brand that's worth quite a bit.
if you went long after Bush's melt down, you're doing pretty well under the Obama administration.
had you gone short you would of jump off a bridge by now.
i dunno - seem like a good opportunity at $10 - the company it profitable, lots of cash, a great brand, - it's an aqusition play under $10
I like Gopro - at these prices anyway. I think longs are hoping for a little guidance from the corporation which may be a little gun shy with law suits claiming their last guidance was flawed. GoPro is at a minimum an acquisition play if they can't get back above their IPO price.
I wait till I decide I have to lose weight. then I buy the burrito bowl with the rare chicken and the suspect veggies.