Savvy Trades and Investments

[southacresdave]

Anyone like GPRO under $10? I realize it's not cheap by any metric. The stock was in the upper $11s at the start of October and then got dropped down because everyone thought the Google Clip camera would compete against it. They are completely different products. I am wondering about the stock because the reviews of the new Hero6 camera are really good and it's the #1 selling sport camera on Amazon (which shows it is popular already). What may be the big thing is the Fusion 360 degree camera coming in November. The reviews on the beta versions are really good and say it could open up a whole new category of camera usage----similar to what the original GoPro did. GPRO isn't just focused on the hardware, but on putting out top quality editing software too (for a change). If this product took off it could reverse the fortune of the company and everyone's opinion of it. Have they (finally) gotten their act together?

The company announced in early Sept that they expect to be at the high end of their guidance. One plus is there are 30M shares short on the stock.

I was liking it for a swing trade or more. Nothing like a money losing dog that turns it's act around and becomes a top pooch of Wall Street as upgrades roll in. The stock was $16 on Sept 26th, 2016 (a year ago). It has far better products for Xmas this year (and it appears no issues with quality).

Earnings are next Wed.