To get everybody on the same page this thread is a about the failure of GPRO because the buy-and-hold investors whom got in at the IPO price of $24.00 two years ago have a paper loss of 50%?
did you ever take a course in logic or is sophistry an art that you practice for your own purposes? i explained about entry points but you did not respond in kind. your replies are personal, bitter and reflect on your character.
the number of people in the described situation are likely to be extremely small and not meaningful. be as it may, the purpose of this thread based upon the original post is to talk about the sustainability of the niche that Gopro created and then whether GPRO itself can survive. then to make a decision whether to go long or short or to take no position for now because one does not see a clear picture.
GPRO failed cause they came out at height of interest in products when they had no good future growth plans and the CEO lacked confidence in the growth so much that he sold shares. I should have listened to my spidey senses in 2014: http://4nursebee.blogspot.com/2014/11/gpro-and-comments-regarding-ibankcoin.html
Of course, everything could be changed, or the affairs could even worsen, we do not know. If they invested money properly - the stock is fine, but if they don't it will go even deeper.
yeah, the main problem is that they did not diversify in time, and right now they have only one product, demand on which is falling.
this strategy might be really good, 'cause no one knows what is going to happen this year, good luck! But honestly, I think that GPRO will be lower than $10 in 2018.
It would be desirable, that all changed for the better. Still, the company is far from to be the worst.
Of course, they are definitely not the worst among the tech companies, and I've just watched a video about Karma Drone and I really liked it. They have a good marketing team, really.