I think that the situation is obvious, it is caused by failed financial performance, sales decrease by more than 15%, and finally its product loses demand in the market. Is that enough?
Ask the people who bought the stock after the IPO, whether they consider it as a failure or not. Maybe for Nick Woodman it is a success, but here, generally, we are talking about the investors.
Very nice post, thank you for sharing your thoughts here. I agree with each and every word above. By the way the selfie fad is really fading.
The 2-year chart shows lots of opportunity to be long and/or short - the only losers would be the buy-and-hold crowd.
Right now shorting GPRO is probably the bad idea even for people who actually think that the company is bad. So what you are proposing does not make any sense.
1.I did not say that the transaction had to be done immediately. 2. to say it is does not many ANY sense is stretching it quite a bit. you have no idea how another person enters their position. they may average in or they may take a position with a wide stop etc.
3. if you have an expertise on entry points please share it. 4. a bad idea short is a good idea long.
basically, you ideas are quite blurred, if you are proposing something please be more specific. a bad idea short is a good idea long - is it always like this? Just think about the possible arguments before you enter really stupid ideas. specific
But at the same time, everything could be changed for the better. I mean the emergence of new products. The Karma drone is extensively discussed product recently. Heard something?