| Why GoPro Will Trade Lower Until 'Capitulation' | |
| | |
|
GoPro Inc (NASDAQ: GPR) will continue to fall until it trades below the range of its initial public offering, John Carter told Benzinga on Wednesday.
GoPro went public last July at $24 a share.
Carter, who offers online training courses through his websites called Simpler Trading, Simpler Options and Simpler Real Estate, also authored the 2006 book "Mastering the Trade."
"The market is very efficient at destroying dreams," Carter told Benzinga. "Psychologically, newer traders assume the stock will go up forever, until the pain becomes too much."
Carter said he thinks GoPro "will continue going lower, shake out the last of the longs, and then, and only then, potentially start working higher."
Carter said "we're nearing a capitulation," for GoPro.
GoPro changed hands recently at $42.91, up 2.6 percent. The shares hit a high of $98.47 early last autumn.
Check out the full interview below:
Latest Ratings for GPRO
Date | Firm | Action | From | To |
---|
Mar 2015 | Baird | Upgrades | Neutral | Outperform | Feb 2015 | Northland Securities | Initiates Coverage on | | Outperform | Feb 2015 | Citigroup | Maintains | | Neutral |
View More Analyst Ratings for GPRO
View the Latest Analyst Ratings
See more from Benzinga © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
|
|
|
Great Panther Silver Limited
|
|
PRODUCER |
CODE : GPR.TO |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Great Panther Silver is a silver producing company based in Canada. Great Panther Silver produces silver, gold, lead and zinc in Mexico, and holds various exploration projects in Mexico. Its main assets in production are TOPIA MINE and GUANAJUATO MINES in Mexico and its main exploration properties are MAPIMI (KM 66), SAN ANTONIO (CHIHUAHUA), SAN IGNIACIO and LA SIERRA in Mexico. Great Panther Silver is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 181.3 millions as of today (US$ 145.0 millions, € 148.7 millions). Its stock quote reached its highest recent level on August 29, 1997 at CA$ 9.00, and its lowest recent point on September 05, 2003 at CA$ 0.10. Great Panther Silver has 166 370 000 shares outstanding. |