iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,416 Blog Posts

I AM BEAR KILLER. I GOT BIG MAGIC

GPRO is a top 3 position of mine, so I want it to trade up. In the event I am gifted with a sell off tomorrow, I will double my position. Let me tell you why.

The company just guided way up for Q4, to $550-$590 million from $500 million. They are looking at eps of around .65-.69–again significantly above estimates. But the big kicker is gross margins of 44.3%, up from a consensus of 42%. Last year margins were 33%.

This speaks to pricing power, efficiency and feverish demand. Mind you, they have barely any international exposure.

Going into earnings, this was the most hated stock I’ve ever seen. 99% of the gurus on Stocktwits were ejaculating all over each other, discussing how much they were going to make on their short positions. In the end, everyone gets what they deserve and they get NOTHING.

Good day to you, Sir.

But they weren’t the only clowns who were bearish. The majority of the analyst community missed this call.

Why?

Because they are not in tune with the US consumer, who is fixed on high quality electronics. Do you want to know where that excess gas savings will go this holiday season?

iPhones and GoPros.

Look for the following analysts to eat crow and upgrade GPRO tomorrow.

Barclays

Jp Morgan

Stifel

Baird

Oppenheimer

With earnings out of the way and the Turkey Gods just around the corner, look for GPRO to hit new all-time highs, AND MORE.

 

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23 comments

  1. speerothekid

    Someone needs to post a wall of shame with everyone who was “so bearish it hurts” on this one

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  2. UncleBuccs

    Where’s Elam now?

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  3. pyromonoxide

    First big thanks on $GPRO, read the post and picked up some options today to bet on the win and that is looking good, Second, love the Hell on Wheels bear magic post, haha!

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  4. kk_kk

    GPRO Oct 31 2014 80.00 Call so far up 130% as a YOLO. Just do the opposite of StockTwits and make $.

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  5. danny1980

    Up 15% now wow!

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  6. danny1980

    OMG this is going to be so bad for the shorts in this one…lmao

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  7. og

    40% short interest baby. Giddy up!

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  8. kk_kk

    I actually risked more than I would like to usually for a YOLO too. Only because my nieces and nephews wanted these cameras and their friends all had them and brought them to school.

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  9. ironbird

    Reverse psychology? Homeboy did not fairly well after said proclamations. Congratulations on the win.

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  10. kdog

    If only I had bought moar.

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    • kdog

      …oh, and I want one of those GPROs…them some cool little cameras. Would have come in handy when I was in the crown of the statue this past weekend trying to get a shot of the torch. That damn spiral staircase is a beatch.

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  11. bruce keller

    Nice! I was never going to bet against GPRO on earnings, especially after such a dump weeks beforehand. Now, in the next week, will be a great time for a new short setup. Only so many super active people filing their shit to go around.

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  12. jpmorgains

    I love you for a lot of reasons. But buying the most hated and shorted stock by bears and winning…I will never forget it.

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  13. alf44

    .

    … that “Putin swimming with Sharks” pic from the last thread is an image that is not likely to go away soon !

    SURREAL !!!

    .

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  14. frog2

    congrats on your win, sir

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  15. doubleplus

    Big ups. Time to line the pantry with Panama Geisha.

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  16. fifty2weekhi

    Such GPRO bears include TraderFlorida. Fly wins !!!

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  17. matt_bear

    blue nails the AMZN short earnings call. Fly responds with the GPRO call.

    We now have a tie. Pistols at dawn is the only way to end this.

    10 paces turn and draw, gentlemen.

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  18. the profit

    Guys, it’s a LONG PARTY.

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  19. ironbird

    Godzilla is having a party tonight. Greenback looks ready for leg number two of king dollar mayhem.

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  20. the profit

    Guys guys — Looks like Japan is going to be exporting even more capital to the world. CIS is having a field day for sure. Ez money, ez life (unless if you’re short — then you’re screwed).

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  21. braveflaps

    Congrats – very nice one.

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