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Holy.. I didn't realize that GPRO has an ROE of over 40% with $0M long term debt.
http://wallstreetpit.com/109489-notable-downgrades-gopro-gpro-oracle-orcl-fedex-fdx-yahoo-yhoo-mirati-therapeutics-mrtx/
I doubt by October. I'd say $60 in 6 months.
This looks like MM are shaking this stock to rid of all long's and short sellers are getting the full benefits. Sellers are claiming this stock is falling on expectations of Q3 & Q4 results and lack of new products introduced before holiday season. But 2016 marks a substantial great outlook with multiple products and in new industries to be released. This will probably sink till then IMO. Especially if the results are indeed poor and or lower than expectations... Thoughts?
Probably pennies at this going rate.
Wouldn't you have to wait till Tuesday then to see if a Monday's doji fits inside today's large body?
Looks like a hammer pattern has formed closing green today. Means a bullish reversal in order.
This is trading too much on a downward spiral. Goes up a bit, then down down down... Then up again a bit, then down down down. It's not a trading well at all and will take a miracle to go back up to 50, 60, 70's.
I think personally that investors are dumping now over expecting that the shares will be dumped into the market, but if the employees know that this company has potential will most probably hold their positions which would make everyone buy into the stock again driving it higher than before 52 week high. IN MY OPINION.
Probably an investor looking to turn a quick buck.
If this breaks 50, it will most likely reach the sky. It's clearly trading in a falling wedge pattern... If you don't know what that is look it up and see how the outcome of the stock breaking past the resistance level.
I saw something that said only about 5 mil shares are released right away and the rest is depending on how the market moves. That is how I interpreted it.
Apple would buy a company to take their R&D and probably destroy the company.
Apple has laptop / desktop computers, their own OS, iphone, ipad (multi variations), ipod, itunes. It is an innovative company. Yes they started out only in computers but they had the capability to do anything. Gopro is a great start up and has an innovative product, can they keep it up? That is the question. I don't work for them so I cannot give any suggestions but just because you and I have ideas doesn't mean it will be implemented. Maybe they will come out with digital SLRs or something... you never know.
Of course there is opportunity for GoPro to grow, the sky is the limit. However nothing is being done other than managing their product with software developments.
It is not in the interest of holding companies to horde the stock for too long. They have tied up capital. Gopro gives it to them for cheap, they are still doubling their money if they sold today.
I'm not short on this stock. I'm being logical about the situation.
Just saying... how many gopros can someone buy? They have sold millions already.
If Apple wanted to buy them out they most probably would have already. Instead they patten their own design and technology.
Good luck doing business with the Chinese. They will have their own gopro in less than a year. They copy everything that goes over there and sells it for less than what gopro can.
Gopro is better off getting into new markets like military, cops, x-games and so forth. They also need more products then just the hero.
The holding companies almost certainly will sell their shares IMO. I'm not sure if it also includes some private shares held by the employees as well. Most likely they will hold on to theirs if they feel the company is heading in the right direction.
Personally I think given the falling wedge / downward trading pattern this stock is giving and the sell signal on the MACD, I would wait till after the 17th to buy or at least until the trend has shifted. IMO. You can do what you wish.
70 sum million shares that are held by private holding companies will be eligible to dump back into the markets which could crash the stock. Think the contrary to a short squeeze.
Which could be a huge downside potential given a full week left.. Then what? Most likely down IMHO. 70 sum million shares on the table which will most likely be pump back into the market driving down the price further. This play reminds me of twitter. It feel below it's IPO and then went back up again for a second high.
I'll buy back in at $35. Lost a chunk of change but would rather get out now and buy back in when the price drops even more.
Eww I don't like how MACD is telling us to sell.
Check out this chart for reference.
http://finviz.com/quote.ashx?t=GPRO&ty=c&ta=1&p=d&b=1
Too close to approaching that $42 resistance level. I'm out... I'll see what happens if this thing will bounce back. But I have a feeling it will hit mid 30's. IMHO.
The only way this will fall to the 20's is if the investors holding on to the shares decides to dump it on the market.
Looks like a downward trading pattern or a failing wedge. Only way to tell is how this thing will fall. I can see if this breaks ~ $42 resistance we could be in for a free fall. IMHO. However if it breaks or bounces back up the stars are the limit.
MMmmm Why is this moving like molasses?
How do you short a pennystock? Isn't it hard to get supporters that is willing to bet against you?
I'm not holding penny stocks over night anymore. Bought in at 0.169 and sold at .19 making a few bills. Most of my funds was tied up in other stocks or unsettled. I'm surprised how fast they came out with this one. No warning or notice emails for up coming pick, just a brand new pick right out of the gate.
I remember the WORST time ever I had invested a large sum of $$ into an APS play and I was at a friends bachlor party which started at noon till sunrise. When I had checked my investments I've noticed a lose of $25,000. That's a bitter pill to swallow...
pennypincher300 - I remembered there was a another stock that this has happened to. I can't remember the name of the ticker but it was to suspended due to improper fillings and APS had taken down their banner. As soon as the ticker re-opened on the PINKS, APS had put back the banner and re-pumped the stock higher. When it re-opened there was of course a massive drop and when people saw that APS was going back at it, started to pick up shares and drove the price higher. I believe the same might happen with this stock. I don't think this will be trading in the grays. It has been going well and APS still has their D!CKS caught in this one.
You got to take it while it's hot and not get too greedy. You can always re-buy at anytime! :)
Wait, how do we know for a FACT that PWEI will be trading on the gray market?
Well then thank god I sold out my position 100% yesterday! I was going to re-buy at .092 thinking this sucker is going up on the morning bell.. but it was good that I did not hold over night.
October 1st.
No, maybe some of the pre-market traders cause the stock is at .068 now on my L2, just before 9:30 had hit.
Castratrix - with banner down, IF APS continues to play this, we will see a very nice opportunity to re-buy at the mid day of re-trading.
I'm not sure the banner will be down indefinitely though... I think it is just to keep hush hush from the SEC.
Castratrix" - Not all shares have been sold or traded by APS. They sell just enough in the beginning to fill everyone's pockets, plus some more of the next coming days... then people panic sell, they try to "dump" the rest of their shares closer to the top which makes the whole cookie crumble.