Parabolic - On Watch

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Been watching GPRO             the last couple of weeks... kicking myself for not going long but I think there's a lot to be gained on the downside if you can be patient for confirmation. Today the float was flipped on what appears to be a short squeeze from hell, where +40% of the float is short. IMO             this type of buying pressure can last for weeks but is not sustainable and can/will collapse on itself. I've also found that low float stocks can be highly manipulated so be careful and wait until confirmation of a break in the parabolic trend line with high volume . It also isn't prone to any sharp downticks in the overall market.

As a recent IPO it's too hard to tell where fundamentals or intrinsic value lie for GPRO             but its safe to say it's above all analyst projections and is has little to no margin of error for missing revenue targets. My underlying thesis is that this is a cult stock with a good product but sky rocketing on unsustainable buying pressure... keep on watch.
Facing new camera Hero4 Black I do expect them rising up to 100-102 and then falling back till 85-87.
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