Chumps are being forced by margin requirements to buy to cover................I added to my long position on this dip.
As GoPro gets positioned internationally prepare for every Q to be "Beat and Raise" ....."Beat and Raise"......etc
over the next 3-4 years....They won't be buying Chinese cameras....GoPro will get the contracts.
Law Enforcement Agencies of all democracies of the Western World will follow suit.
I have been a notorious short seller for the most part for years (hence my handle) ...but got very long GPRO yesterday morning after much GPRO technical due diligence....and was very confident about the pop that was about to occur last night and the sustained squeeze that will now ensue...... I have perused this message board and the guy that has been pretty much on the money here is Balastona. Looks like he has a pretty good track record. It would behoove the slow thinking shorts who haven't covered yet to listen to him. jmho
...this stock could easily be trading north of $200 within 18 months....$500 in 3 years.
Accumulate and retire in 3 years....Expect "old Apple like" growth, dominance and stock performance.
As the squeeze progresses..it will be a relentless up a little ALMOST every day for GPRO...squeezing and drowning slow thinking short sellers. I've been doing this for 20 years....seen this many times...the best analogy that comes to mind is the action in NFLX 3 years ago as it took out 90$...go back and look at the collapse, basing and then the action of the squeeze in NFLX 3 years ago after the pop on Earnings that took it from about 88$ to 120$....very similar technically to yesterday's scenario with GPRO. There was also huge short interest at the time in NFLX as it had spent many months collapsing prior....check it out and go to school on NFLX 3 year chart. Especially you slow thinking GPRO "hold and hope" shorts.
In GPRO case it is the bullish beginning of a sustained multiweek, likely multimonth,bullish move .
Folks there are going to be cameras with mics on everybody 5 years from now...all cops, security personnel, soldiers, pro athletes, employees with security clearance jobs...etc etc. GoPro will be the next Apple like company.
Squeeze has a long way to go.
mid morning. With this extreme amount of short interest relative to float...whatever you are thinking should be resistance....won't be....... GPRO will slice thru resistance levels like butter.....let it rip ! Short interest here is enormous....and this move should be enormous.
NO SELLING ! LET IT SQUEEEEEEEZE....GO DRINK BEER AND PLAY GOLF OR SOMETHING TODAY....COME HOME TONIGHT AND COUNT YOUR MONEY....NO SELLING NO SELLING...everybody promise?...OK then.
Ironically....I agree with almost ALL of the bearish fundamentals that the TSLA shorts pontificate about...but I'm making a fortune on the long side here because...I understand T/A and I understand that when there is such an extreme amount of short interest that even horrible #s and facts don't take a stock down....you have to flip long when a stock is in this condition....exactly the case a month ago with TSLA when the last Q's #s were horrible and TSLA held support and then TSLA pumper MS/Jonas significantly lowered guidance for coming Q and TSLA stock yawned...these were dead giveaways that the stock had just too much short interest and was ripe to squeeze.
I hate this stock fundamentally and think that it is all smoke and mirrors , hype with a misguided (green) cult following..... all BS....but it is a lock to trade up to $260 near term. I hate the stock but love making money more. So GO TSLA !
Ridiculous levels of INEXPERIENCED NONPROFESSIONAL retail short interest...There are simply no more sellers here and in GPRO... only 'buy to coverers" and "momo buyers" to ride their squeezes. SHRat is making a killing long TSLA and GPRO. Get on board...the squeezes are both in early innings. Especially GPRO.....it has over 50% of float short and just began squeeze today.
Thank you ROOKIE TSLA and GPRO Shorts.
Will be an avalanche of buying in the AM premarket. Buttpounding is going to get much worse tmrw for shortie.