The GPRO has my attention here down at $30 after being cut in half in less than two months. I think it make sense to start building a position in the name down here with the holidays approaching. The company is also involved with virtual reality, which the recent purchase of Kolor. With Oculas rift getting ready to make its debut to the public, we will begin to see some momentum for anything and everything virtual.
I’m surprised the stock has yet to move from oversold levels, maybe it still has room to fall? Whatever the case may be, I can’t seem to quit the GPRO, and I’m back in a position sub $30.
Disclaimer: I’ve been dead wrong on the stock in the past.
The only reason I’ve stopped trying to be wrong on GPRO is because it’s already a part of my exposure via the GARP
I had to try it again down here.