Anyone own GoPro stock?

astroNikon · Mar 2, 2015

And a Chinese based challenger steps into the limelight
which throws GoPros strategy into a tailspin for Asia
and now ppl doubt the profit stream from videos too
==> Oppenheimer Managing Director Xiaomi Launching Camera Will Put The Kibosh On GoPro s Strategy For Asia - GoPro NASDAQ GPRO Benzinga

NancyMoranG · Mar 2, 2015

Ugh, I am getting killed! $40!!
Harmon up to $145 from $110 in Jan. I only heard about that one a month ago but didn't buy it ;(

astroNikon · Mar 2, 2015

I use a 7% rule .. if it drops to a 7% loss I sell. Unless in a wild market-wide swing.
There are times I wished I kept a stock, but more often than not it was a good sell. one can always get back in.

unless it's a cheap stock with a good potential outlook like my ZNGA. 100 shares of that isn't much, even if they liquidate tomorrow (less than $250 total investment). With the former Microsoft dude now as CEO, and signing some great contracts I'm hoping they have a good profitable, forward-looking quarter. I was hoping for that in last qtr results but didn't happen quite yet.

AAPL is getting upgrades again some even projecting $190 soon.

I'm trying to buy more AAPL but it's getting expensive.

otherprof · Mar 2, 2015

NancyMoranG said:
It's my 1st stock and I only bought 50 shares. I think I will be ok and watch it for a while.
Just learning, usually hubby is the investor. It's been so crazy for so long he hasn't done much of anything in it in a while.
Profits needed for some major camera /lens upgrade
Nancy

One way of approaching a stock you own is to ask yourself "would I buy it today?" If you wouldn't buy it today, it might be a good idea to sell it. Emotion has no place here; don't hang on to it because you don't want to take a loss. I've been there. And if you have a small profit, and wouldn't buy it today, remember, "Bears make money and bulls make money. Only pigs don't make money." A friend's mother told me that when I was buying my first stock decades ago.
She also reminded me that no one ever went broke taking profits.
Smart woman.

astroNikon · Mar 2, 2015

I also watch for swings from Jim Cramer's Mad Money and other high-profile investors. His "thumbs up" can make a stock rocket up .. only to die back down a few months later. I was in one that did that .. I couldn't figure out why it was going up, then it started dying and I got out.

astroNikon · Mar 2, 2015

wow, it's at $39.98 right now.
I figured low $30s and it'll start to be looked at as a takeover target.

NancyMoranG · Mar 2, 2015

astroNikon said:
wow, it's at $39.98 right now.
I figured low $30s and it'll start to be looked at as a takeover target.

Takeover would be good for me right?!

I cannot believe AAPL!!

astroNikon · Mar 2, 2015

takeovers they pay a premium of the stock. But if it continues a downward trend ... and there's no guarantees of anything.

If it hurts to hold it, then it's best to sell.
The stock market is not for people who can lose money. It's a tax write-off in the end but if you needed the money to begin with it's not good.
One reason I have my 7% sell rule .. preserve the cash.

astroNikon · Mar 4, 2015

GoPro is making a nice rebound from 40 right now. Up to mid 43s

on another note, I find investment houses and their recommendations interesting. Just these past couple days an investment house just upgraded Lumber Liquidators stock (LL) to a BUY even as it looks like their headed to total annihilation bankruptcy.

If I was a stock guru I'd rate it a SELL/DUMP.
Funny how things are though.