I dont think so. I think they just got some momentum, but competition is only getting stronger and I do not see any kind of magic product here. Anybody bullish in the mid to long term? Whats your take?
This weekly round bottom is great and we know sometimes speculation game can make a stock fligh amazingly high. However from a fundamental point of view gpro lost that "eye blink" that could fool some buyers.
They lost their edge. First mover advantage was good, but they needed to come in with a cheap version to compete with cheaper brands, but they chose not too.
Thats one option. The other one is to re-invent that device adding some new functions, some stuff that buyers will love etc.
Fair enough. They're a bit like Apple in this regard, except that pretty much everyone needs a smartphone nowadays but not everyone needs an action camera.
I'm quite positive they are. I wonder why other countries don't feature sick vids on their websites...
GPRO heading back to $16 resistance. Im not a fan of going long here. Anybody long? If so, what is your reasoning and target?