Looking to make an earnings play on GPRO.
I see two main options
- Lately GPRO has been getting a lot of support and may be creating a bottom therefore if this earnings goes well there should be a large amount of upside.
- If GPRO misses earnings it will drop significantly but buying two or three days after earnings would be a very similar situation to FEYE as it had a huge decline and then bad earnings putting it below the IPO price but that was the bottom for FEYE.
Personally I would buy GPRO before earnings as consumer products have been doing well this earnings season and GPRO beat earnings last time but gave a bad outline for the future of the company scaring people.
I see two main options
- Lately GPRO has been getting a lot of support and may be creating a bottom therefore if this earnings goes well there should be a large amount of upside.
- If GPRO misses earnings it will drop significantly but buying two or three days after earnings would be a very similar situation to FEYE as it had a huge decline and then bad earnings putting it below the IPO price but that was the bottom for FEYE.
Personally I would buy GPRO before earnings as consumer products have been doing well this earnings season and GPRO beat earnings last time but gave a bad outline for the future of the company scaring people.