GPRO - GoPro

so if you look at the 12 month chart , looks like a clear breakout with free room to $20. =)

 

Though the market is in a tough zone and probably will move to South this stock's chart shows any weakness OB

 

GPRO holding up fair amid the market meltdown

 

JPMorgan analyst Paul Coster views today's weakness in shares of GoPro (GPRO) as a buying opportunity

 

I'm very bullish overall but there are issues to recognize. Lack of extra batteries is one of them. Could have sold many at checkout.

 

nice discount $9+. GoPro third-quarter revenue misses estimates, cuts full-year forecast - https://finance.yahoo.com/news/gopro-third-quarter-revenue-drops-202622064.html

 

Just happens to be right on a Fib extension @9.65 in after hours


"GoPoor", heh.

 

If it raised from 9$ in May, without any new products, why it shouldn't do it again. Everyone knew that Q3 would be disaster. Maybe I'm too optimistic, but still long!

 

and down she goes

 

Some loyal investors for Go Pro are out there for sure. I took if from what I read on the ER, that they have a product that they are having problems producing. It just seems hard for a company to report profits in the near future on a product it can't produce. Maybe I just misunderstood what was being said. I get confused easily at times (actually most of the time here lately). It will be interesting to see how it works out in the end. I just sat in awe as I watched it climb like crazy today for a while, but then again there was a lot of that going around. Strange day to say the least.

 

The rally into the 17s proved to be an upthrust with no follow-thru. Subsequent to the strong move the week of Sept 19th, which printed a high of $17.41, there was a retest two weeks later to $17.68 which showed Lack of Demand (LOD). Thus, price is back into the trading range. "Cause" for a future "Effect" continues to be built.

Price has penetrated back below the Preliminary Support (PS) line ($11.23) where the big interests first showed they were buying. The questions now are did they manage to distribute all of their inventory in the price zone above the PS during the period going back into July or are they just taking it down to shake out the pubes who like leeches attached themselves to the stock? I think the latter; that the trading range will continue and that the big interests will continue to absorb shares being sold by the public who dutifully pay homage to the scary pseudo news released by the minions of the big interests.

The low of the week of May 16th of $8.62 is important because it is the low that led to the $17.68 high. Likely the boyz will take it down there and perhaps below or it could find support here. Either way I'm waiting for the supply to dry up and volatility to diminish.

Weekly Vertical:


Point and Figure ($0.50 box, 3-box reversal):

 

Well it was over for me, my meeting was coming up lol.

Like ESOX was saying, the problem was a manufacturer problem and not a demand problem. Of course a manufacturer problem is big, when Xmas is only a month away.

In the prior ER, GoPro had promised to be profitable in Q4. If they pull that off now, that would put a lot of faith in investors.

 

Yes, I expect by the next ER the smart money will be taking it up. For me it is not enough, in fact meaningless, to know about the faith of investors without knowing which investors. After all, all the stock is owned, all the time. It appears to me from the chart that now the smart/big money is campaigning for the public to sell to them (see chart above). It can't be the other way around because the news is predominantly bad and the public pays attention to the news; so the public must be the seller. The best time to buy is right after the smart money has loaded their boats and can't suck any more shares from the public (the supply volume dries up); and that is usually when things look their worst. The insiders of course are part of, or co-conspirators of the smart money as is the media. Sure, you can wait until the news turns rosy again; but then generally you've missed much of a great move and are entering with greater risk.