GPRO SHLM EOD yesterday, shorted these:
GPRO @ -42.15 and SHLM @ -41.21
GPRO in the 40's is on the hyper highway to hades, imo.
It's a camera- no proprietary technology.
CEO selling bigly into this.
Competitors now (Sony, etc) and more if market warrants.
Limited market- not everyone doing extreme sports.
Zero revenues re its lead talking point of monetizing content.
Content not Gopro's any more than Cannon or Kodak have claim to pictures we take using their cameras.
Wild talk of drone applicability- FAA has authorized exactly one (1), non-governmental private drone to date.
See signs of organized PHP (push, hype, pump).
Will short again today if further momo.
Nonetheless, I'm considering ordering one to record my extreme trading. And presently testing prototype for extreme listening with a Panasonic Dictaphone attached to my forehead. May go kickstarter route on this..
SHLM Good Earnings Report and Guidance bolstered by continued acquisitions. Chart looked like the fade has started following the run-up. Little pricey for its debt load and relative to industry.
