| Why GoPro Will Trade Lower Until 'Capitulation' | |
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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 $98.47 early last autumn.
Check out the full interview below:
Latest Ratings for GPRO
Date | Firm | Action | From | To |
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Mar 2015 | Baird | Upgrades | Neutral | Outperform | Feb 2015 | Northland Securities | Initiates Coverage on | | Outperform | Feb 2015 | Citigroup | Maintains | | Neutral |
View More Analyst Ratings for GPRO
View the Latest Analyst Ratings
See more from Benzinga © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Great Panther Silver Limited
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PRODUCTEUR |
CODE : GPR.TO |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Great Panther Silver est une société de production minière d'argent basée au Canada. Great Panther Silver est productrice d'argent, d'or, de plomb et de zinc au Mexique, et détient divers projets d'exploration au Mexique. Ses principaux projets en production sont TOPIA MINE et GUANAJUATO MINES au Mexique et ses principaux projets en exploration sont MAPIMI (KM 66), SAN ANTONIO (CHIHUAHUA), SAN IGNIACIO et LA SIERRA au Mexique. Great Panther Silver est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 181,3 millions CA$ (145,0 millions US$, 148,7 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 août 1997 à 9,00 CA$, et son plus bas niveau récent le 05 septembre 2003 à 0,10 CA$. Great Panther Silver possède 166 370 000 actions en circulation. |