After today's expiration day action i have found some interesting data that resembles Facebook action:
=== Facebook: +12% on expiration day:===
123bars / 180days after IPO
2 ERs - After action: 1st down/2nd up
-65% from 52w price (IPO price)
+18% from the previous low
-----
+45% from expiration day until next earnings
=== GoPro: +12% up on expiration day: ===
161bars / 236days after IPO
3 ERs - After ER action: 1st down/2nd up/3rd down (recent bottom)
down -56% down from 52w price
up +18% from the previous low
-----
+50% up from here goes somewhere around 70-75 price
With this the previous ER in terms of numbers was a massive beat, 1000 cameras were sold each hour during the quarter. It is a gadget for everyone, as i literally see common folk roaming around with GoPros on a stick.
- MACD on daily is low and ready to turn up
- RSI+CCI both give negative divergence on previous two bottoms
- Fischer is ready to turn up.
- Jumping on expiration from near lows after a bad-action ER.
If i were to ask myself - would i buy the stock today, i would say yes even at the end of the day. There is so much room for upside (although it may have some retrace to 0.62 fib level), but with headwinds and no force against it, it shows serious potential. Be careful as it is a runner and quite volatile. Do share your ideas and opinions - would love to hear them (and if any of the pros can plot a facebook copy over gopro would be great as well - i'm not a pro here yet unfortunately.)
PS - i am invested in GoPro, bought before ER, added today once i understood that it is a +5% on expiration. I may be seriously wrong, so follow your own judgement. At least my last idea on GoPro was spot on.
=== Facebook: +12% on expiration day:===
123bars / 180days after IPO
2 ERs - After action: 1st down/2nd up
-65% from 52w price (IPO price)
+18% from the previous low
-----
+45% from expiration day until next earnings
=== GoPro: +12% up on expiration day: ===
161bars / 236days after IPO
3 ERs - After ER action: 1st down/2nd up/3rd down (recent bottom)
down -56% down from 52w price
up +18% from the previous low
-----
+50% up from here goes somewhere around 70-75 price
With this the previous ER in terms of numbers was a massive beat, 1000 cameras were sold each hour during the quarter. It is a gadget for everyone, as i literally see common folk roaming around with GoPros on a stick.
- MACD on daily is low and ready to turn up
- RSI+CCI both give negative divergence on previous two bottoms
- Fischer is ready to turn up.
- Jumping on expiration from near lows after a bad-action ER.
If i were to ask myself - would i buy the stock today, i would say yes even at the end of the day. There is so much room for upside (although it may have some retrace to 0.62 fib level), but with headwinds and no force against it, it shows serious potential. Be careful as it is a runner and quite volatile. Do share your ideas and opinions - would love to hear them (and if any of the pros can plot a facebook copy over gopro would be great as well - i'm not a pro here yet unfortunately.)
PS - i am invested in GoPro, bought before ER, added today once i understood that it is a +5% on expiration. I may be seriously wrong, so follow your own judgement. At least my last idea on GoPro was spot on.
