One of two things will happen sooner rather than later than shorts need to be fearful of:
1. Good news catalyst and this thing jumps 25% in a heartbeat on a massive short squeeze
2. The takeover that many analysts are calling for materializes at $70-$80 range.
The risk/reward balance is largely tilted to the long side. Shorts will need balls of steel sooner rather than later...
This guy is pretty much alone. Talk to Michael Pachter of Wedbush, Gus Richard of Northland and the many others who are TODAY verybullish on GPRO. That Oppenheimer idiot has one of the worst track records in the analyst community but he makes for good TV. Sit tight and accumulate if you can.
This now explains here 'departure'. The job has been transformed into more of an IT position given future needs:
GoPro this week lost a chief operating officer but gained a CIO, hiring long-time Informatica executive Tony Young to be the first tech chief for the fast growing maker of wearable cameras.
Saying overdone and looking for a rebound.
They crushed and guided in-line. Nothing else has changed. Story is the same as it was yesterday and getting better as growth accelerates. The numbers were too good. It seems that the drop in price was caused by the COO leaving which is relatively unimportant compared to earnings.. Ask yourself honestly what would the stock have done without the COO announcement? That might have been the ill advised reason for the halt in trading and frankly the preposterous sell off. Other companies would kill for the numbers they put up.
You mean crush Q4 and guide (sandbag) Q1 in-line? Nina joined the company less than 2 years ago and was never a major shareholder. No big deal. The bottom is in. With the short interest in this name, it's a coiled spring. Forthcoming deal with the NBA will be the catalyst.
Now all of sudden because the COO is leaving, its an obsolete one trick pony and a company that will disappear through Apple competition. Go figure.
To make it worse, I sold my 1000 TWTR right before the close. When I saw GPRO halted, I waited for it to open and bought right away at $60 thinking it would rip on the short interest. I had debated for 3 weeks whether to hold TWTR through earnings. I honestly can't take this.
If you are an experienced trader, you know full well what is about to happen.