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Oh my, Apple is shaking in it's pants.
What would be a real good PR...
Val Kazea pays off Delinquent taxes for the "flagship" store that is no longer existent. Further gets his own home out of foreclosure.
I was wrong, but trust me, my statements are based on fact, and not just mine, but also my institutional contacts.granted first hour is amature hour, let's see at 11 am.
Permabulls and people who can't fathom the stock going down are the folks who end up doing more damage long term.
Stock is almost up 100% from the ipo in 4 days. Anyone who thinks this is ok is nuts. It is already at over 175 pe which is stupid high for both media and manufacturing companies.
I do quote my post from yesterday, the market can stay irrational far longer than anyone can stay solvent.
I have a sell on my ipo shares the moment the transfer goes through. I just hope it sticks for a few more days.
GoPro options to start July 7th
http://www.marketwatch.com/story/cboe-plans-to-list-options-on-gopro-inc-gpro-2014-06-30
The market can stay irrational far longer than you can stay solvent.
Problem with after hours trading, it is filling the orders that were marked execute at close, so typically one sided, and is not typically a reflection on trading the next day.
I have gone ahead and started transfer from Loyal 3, so hope this sticks while the account is being transferred out.
So it is a video promoting your own newsletter? Got it. =)
Is current now what? They have not filled a quarterly report in years, nor did I see any sense of urgency when I visited the store a year ago or so.
This stock is only kept up by pumping up hope and change.
Assuming Val is not scamming people.... Then at the very least this is a really really crapy company with horrendous management, so why would anyone invest in it?
What I do like is today's fairly narrow trading range. We are getting a better sense of where the market thinks it should be, instead of having a $10 spread in hue he course of one day.
Once again.... There are not yet avail shares to short.
Unfortunately, anyone who would of bothered to do actual due diligence would of hopefully avoided it.
Almost but not quite. I will reply from PC later today. On iPad a lot tougher to reply.
This will depend on the individual broker, and when they have shares avail for them to borrow against.
At first, while still few shares out there, considering they did not even settle to accounts yet from IPO, margin interest charges will be quite high.
If anything, let it settle a bit first, and see if you can go short the options route.
Remember facebook? Came out ipo, initial pop over few days, then went down all the way to $18 or so, then came skyrocketing back.
In the short term, reality is, the market can stay irrational far longer than anyone can stay solvent.
Just keep in mind Wash Sale rule if trading within your taxable accounts. If trading, do it within IRA.
Above all my expectations.
Was speaking at a real estate investment conference in nyc the past two days so did not have much time to spend here, but was following the stock.
I am amazed at the pop above IPO.
Full disclosure, I am in the financial services and investment planning/management business, so I have those glasses on.
The IPO was already at the top of the range for pricing, at $24 a share, which was quite rich for a tech company, but in line for a media company that GoPro was hoping to be. The IPO was OVER subscribed, hence why people got such low allocations, I am thankful I got 1/10th of what I requested.
Right now, at nearly 50% ABOVE ipo price, I cannot justify the price of the stock. A LOT of what is going on now, in my opinion is the post IPO hype and people wanting the next great thing. Unlike Facebook though, I think monetization will be a bit tougher.
Personally, I will be selling off the cost basis and will be letting the gains ride. My main concern is that there is still not way to hedge the position as options are not yet active and well, quite frankly, I see better values out there.
For those who did get IPO, or got in early, if you are sitting on such large gains, I would make sure you have an exit plan for the investment, or at the least, take some profits off of the table.
Decision is paying off well today so far.
Out of all the new issues, gopro was the only that was actually profitable from day one.
I will be cashing out my gains from ipo and letting profits ride.
Why would it not be true? It is public record.
Go to Flaglerpa.com, and search for self.
Val is either a very very very bad CEO, or... a scam artist trying to bilk gullible people out of money.
You do realize loyal 3 might not of gotten all the shares they requested, right? They don't know how many they will get until the end, then.... They still get chump change compared to the regular broker dealers. L3 was not a lead underwriter.
There are no shares avail out there to short. Give it a few weeks.
Be thankful we got any. Talk was of ipo going up to $26. This was highly over subscribed, and who knows how many shares the brokers actually got.
Seems I got 1/10th of my requested allocation, 20 shares or so, $500 out of the $5,000 I requested.
Two hour window on Loyal 3.
Will see how many shares we actually get. Put in for $5k.
I am in the business.... Plus, just came across the bloomberg feed.
Gopro priced at $24 the high end of range.
Will begin trading tomorrow it seems.
Really good discussion on Bloomberg Radio right now about GoPro.
Still good on the support.
Lol, this is likely BS, or it is a one sided negotiation, he asked, they said no, unless you give millions of dollars.
Was anyone able to go short OTOW? If so, what broker. You can pm me.=) Thanks!
You are quite welcome. =)
The chart is starting to look real good, both for VIP and Russian equities as a whole.
Within a few months can easily see this breaking $10.
Have to do my calc for options vs covered call, or calendar spreads.
Wow, could of visit his house. That is bad part of town.
Professional opinion? No.... not unless you get IPO.
loyal 3 is closed, however I would contact your brokerage to see if you can get in still. Since so little of the shares are actually being made public, this might move quite violently at the start. Let it settle down.
When it prices on Wed, we will get a better idea of what it may do.
Exactly.
They may not have the value purely in hardware, but they are now becoming a lifestyle brand. Plus... they own all the shared content posted by the users.
I personally have $5k reserved through IPO, will see how much shares I will end up having, however if I was not in it now... would wait for it to settle.
In most likely case, will sell at the open, and maybe buy back when options start trading. Then again, if I only get a few shares... may just end up holding on.
It will certainly be interesting.
"Amazing" CEO can't even pay a $1,000 property tax bill for the store.
So seeing no store on my last Palm Coast visit, I decided to do digging on the Flagler County tax appraiser website. Seems like Val forgot to pay the property taxes for 2012 and 2013. Oops.
Are people really that greedy to believe this scam artist?
Either Val is the worst CEO and should be fired, or he is one damn scam artist.
So anyone here own it?
Been following VIP for over a few years, what a great stock to write options against. Actually broke down and bought a few hundred shares. Will be writing some contracts soon.
You should not have to use a promoter at all. Scams should be shut down.
Anyone know of a broker where I can short this pig?
It's ok, since the palm coast store disappeared, I vent up to st agustine to visit the "corporate mailing address"
Lol.
Who wants to guess what it is?
I wish I can find a way to short this pos. It is a complete scam guys. I feel horrible for all the poor suckers who he bilked millions from.
You have been had.
What a joke. So where was the pr release that said the store no longer exists?
I went by European village since I was in the area and to my surprise... No store there.
Wow.