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
23,446 Blog Posts

Fly Buy: $GPRO

With the proceeds from TNA and MBLY, I bought GPRO.

It isn’t nearly as expensive as some of you fire hydrant lickers like to say. Ahead of ski season, I like it.

With oil dropping and Americans saving $100 billion from lower gas bills, I reckon it will be a splendid holiday season for premium electronic manufacturers, like GPRO and AAPL.

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20 comments

  1. traderconfessions

    yup

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  2. BoilMeImIrish

    Earnings Thursday?

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  3. operator1

    $GPRO cameras are a hot item. I’ve bought 3 for Christmas presents already.

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  4. traderconfessions

    GPRO is up this morning because a Wedbush analyst increased the price target. Can’t believe anyone still pays attention to these morons, particularly ones from Wedbush. Agree that GPRO will be very hot holiday item… lots of accessories too.

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  5. budh

    It’ll be the hottest Christmas gift item. What else are you gonna buy for your young adult son?

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  6. jacked rabbit

    Sounded like the CLF earnings call was a dandy. Analyst asked new CEO about what surprised him since becoming CEO 90 days ago, and he answered, “Your $5 price target.”

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  7. Trent J

    Keith Mccullough would be calling you a “Mo Bro” right about now…

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  8. smartestone

    to go long GPRO you can also buy an ATM call and then sell a put such that they cancel out. this takes advantage of the put call parity violation

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  9. superbus1982

    You better be doing this with a synthetic option position, short put, long call at the money. Or you’re really showing a crucial lack of understanding of what it means for a stock to cost %100 to borrow.

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  10. dirkd

    This post is surprisingly awesome in gizoogle. http://tinyurl.com/q376t4f

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  11. bchu12

    you think we get a meaningful pull back anytime, le fly?

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  12. dewey dortmunder

    In my position as market weathercock, I see chance of retest of recent lows diminishing to later, much later.

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  13. superbus1982

    This is the best short opportunity I’ve seen in the last 3 years of trading. Only the precise timing is obviously not easy. But if you short here, you will make money at some point in next couple days.

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  14. superbus1982

    Fly, you like utilities when the market is bad don’t you? What have utilities been doing during this monster bounce? Why don’t you even talk about it? scared?

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  15. jdf

    Fuck me gently. I hate those little douchebags and their gopro cameras capturing every perceived move of greatness…mostly as they snow plow or side slip their way down the hill like gigantic pussies….one can only hope they record their own demise via a tree.

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  16. biffer

    Just saw your bit on fusion. I get the oil and Gartman bullshit but if they have found a way to economically contain those tough bastards tritium and deuterium watch out solar and nat gas industries.I for one believe in American ingenuity when unleashed.

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  17. the shiek

    I never intended to turn my IRA into an energy fund, but with oil stock prices at the levels they are I must take possession of them. The oil men are not going to allow the great ocean of crude that sits under Alaska to just become worthless sludge. They have a plan and I can wait.

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  18. superbus1982

    Energy is not done going down. The charts look very poor, the debt is still very much under pressure. Today was a reset rally ahead of fomc and nothing more. Don’t be a hero, and wait a little bit. Not to mention market is pretty much at all time high here, you think it is smart to buy right here right now? think.

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