For those shorts who read this AND ACTED, I'm glad I could help. For those still short, good luck, you will need it.
Well, the Xiaomi camera is out. Won't find any for sale on Amazon though. Thats it shorts. Next event is March 4th, see you at $44+.
Come on, comparisons to Flip, GM, Black Berry. Please get real. This stock may dip to $39, maybe even into the $30s, but it is not going bankrupt in 15 or 16. If fact, there is a much higher probability that it gets bought out.
Thanks for replying. I do remember Flip, they were acquired by Cisco for $590M. Smartphones put them out of business. Smartphones are not a threat to action cameras.
This has been a great short. If you go back and read the articles and predictions back when the stock was in the 70s, the really smart people had it right and said the stock price should be $45. One source, even said $39. That is as low as it got. These people were right, and Jim Cramer and many others were wrong. Now that these smart people have been proven correct and the stock is $42, there is not much money left to be made on the short side. Especially with the media event March 4th. Current forward 2015 PE is 30.4, current 2016 PE is 25. Not at all overvalued anymore for a growth company. Short interest around 15%, and the MM ran it down on Friday so the smart shorts could get out. This stock is heading back to $45 and the short ride is over. IPO price of $26 puts it at a 2015 PE of 18.8. 52 week low of $28.65 puts it at a 2015 PE of 20.8. This thing might dip slightly below $40 for a moment, but not for long. No more serious short money to be made.
Before all you shorts attack this post, let me say you were right and many of you made lots of money. Those of you who rode this thing from the $70s/$60s/$50s should be very proud of yourselves. But don't get greedy. Be the smart short who gets out not at the bottom, but just before it. Good trading to all, and by all means bash me if this thing goes below $39. Off to church now.
I agree. It seems unbelievable to me that this stock is almost at $40 due to the secondary. Someone will look into this very shortly if this stock doesn't recover to at least the $50s.
Start getting nervous.
I have watched this stock for several years and am planning to go short soon. Revenues have been flat for 3 years, but now the rubber must hit the road to keep this stock going higher. Rev last year was 4.2B and estimates for this year are 4.9B and next year 6B. Big corrections if this does not happen. Timing is the hard part.