Someone asked me on Twitter about this, so just know that I didn’t wake up with the intent to rub salt in the wounds of GPRO longs. As a point in fact, I had GPRO in my GARP portfolio last year and was bludgeoned by it. But, my market intelligence platform, Exodus, isn’t addled by opinions or emotions–just mathematical probabilities.
Over the past year, Exodus has crushed the overbought ranges in GPRO and even flagged danger last week.
As you can see, not only has Exodus been obscenely right on the oversold ranges, in a stock that has done nothing but trend lower, but it has also been right on top in 8 out of the past 9 signals.
In bad tapes, the system is especially useful in timing tops, just like it has timed bottoms in bull markets for the past 7 years.
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Fly – I politely ask again (unless you replied in an earlier post) what are your thoughts on VHC’s win over AAPL (?) You were right about going through a “house of fire” when you bailed on this. Do you still think AAPL will ultimately pay or the patents are valid?
To be honest, I’ve ignored the whole saga since selling it years ago.
If you’re in Exodus, ask Chuck Bennett. He’s still wired in.
Sscchckrelli is his own worst enemy. He needs to wipe the smug off his mug. Good PR lawyer he has, though.