If it makes you feel any better I actually think if GPRO touches $63is today it could be a nice little trade for $3 pop.
I fully expect this stock to hit $80-90/sh before the EOY.
And BTW....I don't know when GPRO went public, but options and short trades are not usually allowed during the 1st 30 days after an IPO.
"Is it possible that an investment banker won't look at company history and statements and just go ahead and raise capital with their clients money, believing that break even is just around the corner..."
No...that's not possible. If they pull this RS off, I can guarantee you the stock will simply start crumbling from there. I bet it loses 10% of it's value that 1st day. Within a month it will be around $1.50 (assuming you're right about the $2.40 price post split) and if they can even stay alive it will be back to .10 cents within a year.
1000 shares traded so far today. A whopping $60 investment. Even at $7.95 commission that adds more than 10% to the purchase price.
Kiss that cool $67.95 good bye.
First...you can't short from Day 1. IPOs require 30 days before short positions can be instituted. 2. If you had been short you lost money, pretty much, from whenever you started shorting. 3. So now you say you went long....hmmmm...with your track record, perhaps it's time to short.
You'll get it under $60...maybe $50 before Nov. 1st, however.
Just watch. It'll come back to the field after the 1st frenzied week or two.
I'm very reluctant to own this stock. I suppose if it spikes...then drops 30%...back below the offer price I might be tempted to nibble. But Jack Ma gives me the willies. I do not have one ounce of confidence that he has even a scintilla of concern for any shareholder....ANY....except Jack Ma. He strikes me as the epitome of cruel, selfish megalomaniac.
GILD is going to earn north of $9/sh next year. At some point the shares will trade at 20x that. $180. Probably some time in '15.
BP's North Sea operations are in Scottish waters, if I understand correctly. I read that if the Scots vote to secede from Great Britain they might.....might....nationalize the North Sea oil fields ala, Venezuelan style to increase state revenues. I'm not seeing any chatter re. the Scots and BP and North Sea oil fields.
I'm sure we all have an opinion. Anyone have any "real" information about this. My take is that it's unlikely the Scots pull out of the U.K and if they do it would be a huge mistake to give BP a hard time re. the North Sea oil.
Get used to this. It isn't over by a long shot.
I made some $$$ in GPRO. I've sold out at $63 yesterday. It's too rich for me, but I understand how this is not a stock trading based on facts. It's the purest form of simple momentum.
I would think this could do a little TWTR 50% drop.....then climb right back up. If I buy back in it's going to have to be after some blood letting. Oh man, I wouldn't short though.
200 dma is around $76.50. I suspect we touvh that. But it should create a floor. Whole market is sorta poopy. I think some money is coming out of stocks like COP in anticipation of AliBaba offering.
I think if that IPO goes well, a lot of $$$ will come back to the COPs of the world.
I'm not doing much until that IPO is out of the way.
ABX isn't going anywhere. It's trading at historical lows. They are a big, asset laden company. They can manage their debt. I could care less about their paltry dividend. This is a pure, asset-value play. If you think gold is a worthless commodity not worthy of your concern, go away. Forget about it.
But....in 2-3-4 years....ABX will most certainly be 50-100-200-300% higher. This is the most brilliant, classic time to be greedy. Nope. Don't buy your whole position here. Buy a little. Later...a little more. Be patient. Wait a little if you want. But it will surely make you serious dinero over the next several years.
Oh yes. It will. Guaranteed.
To be sure, millennials aren't into wristwatches, but anyone over 40 still is. I've pretty much always worn a watch and I carry an iPhone with me 24/7. Some of us are just in the habit. It's like eyeglasses. You're just not dressed without your watch on.
Now, from what I can tell this iWatch is much, much cooler looking than I thought it would be. It looks like a watch vs. an iPod on your wrist. It looks like a nice, cool, elegant piece of jewelry. I think the Boomer crowd will love this thing.
And.....I wouldn't be surprised if the millennial generation won't think wearing a watch (iWatch) is now trendy. I can see lots of teens and twenty-somethings flocking to this gadget.
Of course I could be wrong, but really, my initial response to it is much, much better than I thought it would be.
I sold. Can't look a gift horse in the mouth. I've never held a GoPro. Not even sure I've ever seen anyone else with one either. Yeah, I've seen them in the news and CNBC, etc. I guess there's a growing market and everyone will have to have one, I guess, eventually. I just don't know.
Nevertheless, I'm quite satisfied with a quick gain. I'm $5 k richer than I was at this time last week....and I didn't have to do much to get it. Come to think of it, I am a little microcosm of why the rich keep getting richer and the other 97% can't. BTW...I'm not top 1% rich....but probably top 3% rich. This system is rigged. Ya gotta have money to make money...but first ya gotta earn/get money. It's increasingly difficult for the lower 97% to do that. So I still work some, but I skim money outta the stock market almost every day.
Is that how it was meant to be?
Anyone sympathetic to BP or inclined to crucify them needs to get a grip. This is all......ALL.....about the lawyers and MONEY.
This is reminiscent of the states attorney generals going after big tobacco. The lawyers on both sides know it. The judge knows it. They are all playing roles in an elaborate play. Damages? Losses? To real people? Please. The money....most of it is going to lawyers. Barberii is biased. But not for the reasons you think. It's too simple to say he's just a shill for tort lawyers. No, he's not. He knows, at this stage, he's the guy who sets the agenda and the broad terms. It's all about getting to that final number. The number where the lawyers all feel like "that's pretty good. I can live with that."
Neither side wants BP to go away. No one wants them to go BK. They won't.
BP s compellingly cheap. I have no concern if the stock goes down some more. It will survive. This is a BIG FISH in a big pond. I absolutely guarantee you they won't cut the dividend. They won't have to. Yup, they're going to get whacked, but not for AD much as you think. But more than BP had initially planned for. It's years away anyway.
It'll be OK.
I like that. Stock should continue to go up. Keep shorting. It's when everyone thinks it just won't stop going up that it's near it's peak.
I don't have any particular insight but I have been investing for 30+ yrs. and I think BP is as undervalued as any large cap stock there is. I remember the Exxon Valdez fiasco. I remember the 3 mile island (I forget which utility owned that) fiasco. Even the huge Eastern U.S power outage back in '04 or so and the First Energy fiasco. All of these stocks survived and eventually returned to old highs. BP will too. They have way too many assets and are way too diversified. Even Phillip Morris survived the attorney's general attacks in the 90s. All of 'em...including BP have tremendous legal representation....better than the DOJ. The tort bar will eventually get their cut...if they haven't already.
I agree. I've been dripping the dividend since it restarted. I bought shares (some too early) right after the Gulf blowout. I'm in the black and as long as those dividends continue I will just keep getting richer.
BP will be in the 50s next year. It will be in the 60s in '16 and might get to the 70s by '17.
Buy, hold and DRIP the dividend....you'll make money. I sleep like a baby.