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Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Stockaholic, Mar 31, 2016.
Rain down with your bearish logic!
Smack down in progress!
Some after hours action here, back closer to $8
Good follow through into the morning trade
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.
GoPro's underperform rating reiterated at Robert W. Baird. $6.00 PT.
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.
Ran into the wall at $9
GPRO losing the gains of the past month, but Im seeing longs say this is a buying op... hmmm
Bouncing off that 8.25 so far
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....".....!
You go first!!!
Gets back to $6 I'm loading up.
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.
Dropped through support today, we'll see if it gets down at tests $7 for a bounce again.
Looking for a break out of this trend...
Well, if that $8 is now support, then Im interested!