Camera maker GoPro (ticker: GPRO) is having a solid market premier, rewarding first day buyers with over 20% in gains. Now of course, this is drawing the attention of media jack asses, none of which suggested buying the company yesterday. A few say it is a buy here, a few are already calling it ‘frothy’. These people are not on the television to help you in any way. They do not want to converse with you and learn and grow, NO. They want to entertain you with their jokes and looks.
Here at the Raul blog we live under a cloak of sorts, skating by on lower than average view counts and continually observing, studying, and hypothesizing the market. This is science, live, with a touch of style. As any scientist will tell you, failure is just as informative as success, if you allow it.
GoPro will go higher, lower, nowhere for a while based on nothing. I could see here and I might, to lock in the quick gains. But then I will be tasked with creeper stalking GoPro to ensure I do not miss the next move, praying for a dip and sacrificing Amish hormone free range chickens to the gods for the gift of a dip. It is a ton of work and in this heat, it can be downright exhausting. Or I can just take it off my screens and call it an investment, just like my TWTR, LO, and until Fly says otherwise XON.
Do not read too far into the GoPro move. Yes this is a great company and one of the finest tangible products introduced to my generation, right up there with the iPhone, the Nest, Tesla Model X, e-cigarettes, and Coors light silver bullet power can/bottles. But, this chart is still in its infancy and may not take shape for a few quarters. Are you prepared to take a 2-3 quarter drawdown?
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