TD Ameritrade's Chief Strategist JJ Kinahan told Benzinga that shares of GoPro Inc (NASDAQ: GPRO) are expected to move 10 percent either up or down following the release of the company's fourth-quarter report on Thursday after market close.
"We're seeing bullish activity, particularly earlier this week on the February monthly $55 line," Kinahan said, noting that there was more activity in the weekly $53.5 line on Wednesday.
Well, there was certainly a lot of short covering taking place into the temporary weakness as a result of Citi's pseudo-news, that is probably true. But it could have been anybody big who uses news to assist their campaigns. I think it is a given that the earning report will be great and forward guidance will be positive. (I see Under Armour reported that profit climbed 36%.) So I don't think it had anything to do with earnings being leaked, not that they aren't leaked, but this late-game "public" announcement by Citi was the catalyst needed for a shake-out and short covering plunge. The capital markets have always been rigged against the fractious small investors. There is nothing new under the sun.
Brad Erickson of Pacific Crest said that their sell-thru checks over the past few weeks that showed extremely strong follow thru and inventories not full replenished in late January which they took as a good sign pointing to March quarter upside. Calling for trading opportunity into the low 60's near term with volatility thereafter. In their channel work they found mix to be very, very strong throughout the quarter which could lead to revenue and gross profit upside. When asked if this could be a buy-the-rumor sell-the-news event. Erickson said their view is that you are likely to see substantial upside to the March quarter, which is the forward quarter guidance, so not seeing that (sell the news) as a like scenario in this case.
I don't disagree. I seldom watch the show or Cramer's show. I watch the price and volume action instead. Don't care much about the fundamentals. People who work for big investment firms with mega-bucks care about the fundamentals, so why should I bother, not likely I'd find something they missed. In at 47.50 and targeting 57 to 60.
Apple cameras are NOT GoPro. They do not have the word GoPro printed on them and are therefore inferior to a GoPro. GoPro products are placed in all the right places; the places where the "general public" shops. The general public who hunts, fishes, hikes, and otherwise participates in outdoor activities shops at places like Bass Pro Shop and they do not carry Apple, they carry GoPro.
LOL. Not "completely moronic". This Christmas I did not see a single Apple product for sale in the Bass Pro Shop. What I did see was GoPro.....flying off the shelf, by the way.
Apple bought out Beats, the headphone purveyor, and they already had their own headphones on the market. They did not buy the product, they bought the brand.
Again, you must be vey young not to know what Apple and Nike used to be. Back in the 70's Nike sold the Cortez running shoe. You could get in white with a red swoosh or blue suede with a white swoosh. They competed with Adidas and Tiger. Then only athletes new about Nike. Now everybody does because they had insightful leadership. Same with GoPro.
with clips of how product is used for including Guy using it for everyday living. Guy said he still likes the story and still thinks they can make it a content story........and another comment was if you think Nick Woodman is a Steve Jobs-like character and can turn this into a content company then this is going MUCH HIGHER regardless of the lockup. Less
Actually, I have an alternate count that puts ending action on Wednesday or Thursday. Nevertheless, looking for ending action this upcoming week, probably as low as 8.30. The intersection of the Nov 6th low (8.31) and the lower trend line of the up-sloping channel occurs on Thursday. Next week's pivot support-1 level is at 8.46 and the pivot support-2 level is at 8.26. The more important monthly pivot support-1 level is at 8.33.
Well, only made it to 9.71 before turning down. 12 days since that swing high and so far today printed a low of 8.70. This latest wave down from Thursday's high of 9.13 should be the last wave down. Looking for stopping action on Monday or Tuesday of next week.