I warned you guys not to follow me into the $GPRO, CLICK HERE FOR POST. I am literally cursed with this name. What has it been 24 hours since my buy? Well, Mr. Andrew Uerkwitz, managing director at Oppenheimer, discusses content and competitor challenges for GoPro and sends shares lower in the after hours session.
_____
One of two things will happen tomorrow:
A. We finally get a high volume washout and the stock bottoms, leaving behind a nice hammer candlestick.
(or)
B. The stock breaks supports on heavy volume and continues to sell of into the close.
If (B) happens, the stock is heading to the 30s, you might as well kiss it goodbye. On the other hand, if we see (A), you will bear witness (pun intended) to one hell of a short squeeze.
My feelings are in pretty much in line with @zerosum44:
Fast Money just did a hit piece on $GPRO. I thought it was weak, so if they suck in new shorts this would be the perfect time 2 squeeze them
— roberto pedone (@zerosum24) February 26, 2015
_______
See you guys at the open. Godspeed
Note: Win or lose, at least I got me a GoPro.
If you enjoy the content at iBankCoin, please follow us on Twitter
After Ragnar and Rollo massacre the hapless GPRO longs, I will be there to take the spoils.
My strategy of buying the blood has worked 5 out of 5 times this year.
touche
Forget about Fast Money, Cramer panned it during his Lightning Round, that’s a hammer blow.
GoPro: “No, we don’t want anything to do with it. That was a great trade into the holiday season. But the trade came and went, and we don’t look back. Now it’s just what we call a football stock—it’s all over the map. No thank you!”
I will be a buyer if the blood runs deep.
I bought options today. I’m looking at a 15% loss in about 30 minutes on this bastard stock. Fly was right. It quite literally is the devil.
might see something even more diabolical–the “die slow” slow grind lower and lower
Best case scenario it pulls a DDD, gaps lower and immediately rips…