$gpro halted then posts abysmal quarter EARNINGS: GoPro Q3 Loss ($0.60) vs. ($0.35) Est.; Q3 Revs. $241M vs. $319M Est. • $GPRO

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Posted Nov 3, 2016, 8:20 PM UTC

2436
Diane-Choksondik•

the implosion is real

they'll be $6/7 tomorrow

16
Vallarta21•

hit 9.00 after announcement...nice .90 bounce afterward though.

1
Diane-Choksondik•

we'll see if it sticks, but if it looks like a dead cat, smells like a dead cat and tastes like a dead cat...

1
Vallarta21•

youve tasted dead cats?!...dude, gross!

1
Diane-Choksondik•

you've not?

you haven't lived mate!

1

Anyone who knows anything about tech knows GPRO is a failing consumer goods company, not a tech platform. If you bought calls, you deserve everything you got.

A good effort, but no moat.

13
slutOP•

I've made money every time shorting them, but TBH I'd consider buying calls sometime in q4. Depends how much money they wasted on that ridiculous drone though.

3
Rjk214•

4:45 they resume trading. They will be down 30%++

7
Vallarta21•

Really, GPRO and FIT are one trick ponys. They should have remained private companies.

You buy it one time, how often are you going to replace it??

5
slutOP•

welcome to a gigantic load of SF based product companies that IPO'd there is a reason that VC money is now hard to come by

2
slutOP•

hope you loaded up on options like me boyzzzzz

3
slutOP•

I'm no u/world_chaos but now I can afford a computer chair for moms basement

http://i.imgur.com/gZhzwED.png

10
World_Chaosfuck fscomeau, i banned his ass•

damn, good call my friend.

2
Duality_Of_Reality•

good put

FTFY

3
SasquatchCuntspoon-feeding fetish•

Solid. Congrats, nicka.

1
inchworminching•

you password guessed that name didn't you

2
slutOP•

nah I have slut on github too, internet OG

2
slutOP•

GoPro shares to resume trading at 4:45p ET after big earnings miss; stock was halted shortly before earnings report.

EARNINGS: GoPro also gives weak Q4 EPS and revenue guidance, company expects to be profitable in 2017

3
Hambonied•

Never been so glad that pussied out and sold right before close

3
pykcr•

I wish I did the same

1
Hambonied•

I'll pour out some bbq sauce when I eat my tendies tonight for you homie

8
stinkyfastball•

God damn it I really should have bought puts on this... :(

e: down 24% AH lol, fuck

3
[deleted]•

[deleted]

1
[deleted]•

[deleted]

1
pimpbot-5000•

How/why do they get away with halting a stock under these circumstances? Who makes the call, GPRO execs or the exchange?

1
slutOP•

NASDAQ at their discretion

1
throwaaaaaaw•

waiting and watching the chart for funzies.

1
alreadyinuse5000•

Going below 9.

1
GetThereThenRest•

Requiescat In Pace

1
jellytoastbutter•

Bought 10 puts @$10 expiring tomorrow. Guidance needed. Sell this B at open or hold and sell and hour in?

1
[deleted]•

[deleted]

1
ProGnuRights•

exercise and hold

They're not calls.

1
[deleted]•

[deleted]

1
ProGnuRights•

Lol how? Pls explain.

1
weezinlol•

I honestly laughed my ass off wednesday when I saw people were buying before earnings.

1
theRealSteinberg•

Shit, I knew this would happen. Can't even watch my imaginary puts rocketing now...

1