I wont pretend to be an expert on their numbers, but all I know is that I have the SJcam from China and it does everything the GoPro does at a fraction of the price. GoPro may have had first mover advantage in the space, but Im not sure most people care what the brand of the camera is that they are throwing around in the mud, as long as it works!
Yeah, I agree. GPRO to me is like Apple that failed to hook their customers up on their products. At this point it's probably a bit late to try.
While I don't thing this is a good stock to hold in the long run, there is a potential trade here at 11.50. GRPO has been hitting this 11.50 wall since last week, it looks like its ready to try break over it.
GPRO reports earnings tomorrow. They should be able to beat the low expectations of -0.58 per share. If not, I think they will tank again but if the can come in less then 0.50 they stand a chance for a short term uptick.
I bought puts. I was bullish on GoPro at one time, however, I dumped after last quarter. The CC was horrible and gave me no confidence about the future of this company. The expectations are extremely low, but I still don't see this going places anytime soon.
The stock will either go up back to $13 range which I will be holding or it will go back down to $9 which I will be adding more stock.
Those puts didn't work out so well for me. The market had such low expectations the only way I would have gained is if they missed. Wrong choice - up 13% now. Turned into a solid gain after no real move after they reported yesterday.
Here's the next serving of KoolAid for GPRO. http://mashable.com/2016/08/03/gopro-hero-5-leak-rumor/#r5tsbpOrhSqP If they drop back under 10 going towards 8, I might consider sipping the KoolAid and picking up a small amount to tuck away for awhile and gamble to see if their new stuff hits or misses.
GPRO has been showing some positive dynamic this last month. Time to take a closer look at the stock again?
