IvanLabrie
Long

GPRO: Technical long setup

NASDAQ:GPRO   GOPRO INC
GPRO             is currently correcting the recent advance, pulling back to support where we can go long, aiming to capture a rapid move to the upside after earnings are out.
I'm sure the HERO5 listing problems with AMZN             will be resolved soon, restoring investors' confidence in the company's revenue. ( AMZN             sales correspond to 14% of the company's profit)

Risking 0.5-1% here is a good idea.
Good luck!

Ivan Labrie.
Comment: That was a close call!
is GPRO still in your radar? I'd like any sort of comment on my idea >
GPRO
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toner toner
thank you! ;-)
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@toner, hi! Thanks for stopping by.
Actually, I am not trading $GPRO at all lately. I would have to update the chart.
+1 Reply
IvanLabrie PRO IvanLabrie
It's currently in a downtrend and under resistance now.

snapshot


It could go down unless it holds above this range for a few days. Fundamentally speaking, I wouldn't be interested in owning this company.

Do you have any fundamental insights for it?
+1 Reply
toner IvanLabrie
@IvanLabrie, I agree with your "Fundamentally speaking, I wouldn't be interested in owning this company", it's a so difficult market BUT:

1) I think gopro is still the brand of certain way to make photo/video, it's a sort of "apple" in his photography niche (my opinion and sentiment)

2) “The company saw total revenues of $218.6 million in 1Q17, an increase from $183.5 million in 1Q16 and above the consensus estimate of $207.9 million. GoPro’s management noted that Karma was a major growth driver in the quarter.”

“GoPro expects GAAP operating expenses to be lower than $585 million, compared to $835 million in fiscal 2016. The company also expects non-GAAP operating expenses to fall 30% YoY from $709 million in fiscal 2016 to $495 million in fiscal 2017.”

“GoPro also fared well in its overseas markets, as international revenues comprised 60% of its total revenues in the latest quarter—a record for the metric

“GoPro’s (GPRO) narrow adjusted EPS (earnings per share) loss of $0.44 that it posted in the latest quarter was supported by its revenue growth and cost-cutting efforts. The company logged an EPS loss of $0.63 in 1Q16”


3) I read the idea that "snap wanna be gopro" and "go pro wanna be snapchat" so why not an acquisition? > and other too as canon or nikon or aapl / google / samsung (why not facebook/instagram?) so basicly I'm looking for an acquisition's rally too;

thank a lot for feedback and for attention!
Reply
toner toner
@IvanLabrie sorry I put - as usual - all link/sources in "squared bracket" and it's disappear!!!

> http://marketrealist.com/quote-page/gpro/
> https://www.tractica.com/wearable-devices/what-to-expect-from-the-wearables-market-in-2017/
> http://www.newyorker.com/business/currency/why-is-snap-calling-itself-a-camera-company
> https://www.nytimes.com/2017/02/28/technology/snapchat-drone.html?_r=1
Reply
@toner, thanks for expanding on your idea. I think it is vital to 'trade what you know' and have a story for the trade, not only a chart. This is a good start.
An acquisition is an interesting idea, indeed. Might be good to monitor this one, also check out $ETSY, on that theme, if it retraces in the next few days it would be a great trade. It might be acquired by $AMZN for instance.
Cheers.
+1 Reply
toner IvanLabrie
@IvanLabrie, thank you for constructive reply (I will switch on radar on ETSY too!) p.s. do you sleep sometimes? ;-)
+1 Reply
@toner, sleep is overrated...(jk)
+1 Reply
toner IvanLabrie
@IvanLabrie, LOL! but you need to sleep too!
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