Shares of GoPro (GPRO) are moving sharply higher in pre-market trading after the action camera maker provided upbeat first quarter guidance and announced plans to cut 270 jobs.
Above average volume today (+70%). And a couple days ago they announced the sale of $175M of convertible senior notes due in 2022 (http://finance.yahoo.com/news/gopro-prices-175-million-3-043700678.html) -- which seemed like stock dilution, but price held up the next day. So it's been acting pretty strongly recently.
The karma drone is a nice piece of tech, but there is so much more competition its not enough to save GPRO
I know you SJ....the devil is tempting you to buy this crap at current levels....the litlle red demon, on your right ear says "Go SJ....its soooooo cheap......youre loosing a gold mine......youll later regret.......stop wandering and just do it....".....!
Speaking of "Karma" , "temptation demons" and "Oldies" here's a classic: If you watch this 3 times it will take 3 years to get the tune out of your head.
It's always easier to see this stuff after the fact. But I think anyone with the time to monitor a short could make 11% from here.
