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Camera-On-A-Stick-In-A-Bear-Market: GoPro Down 25% In 4 Days

Tyler Durden's picture




 

But, but, but... it's a social media platform... but maybe this is why camera-on-a-stick is getting hit hard...

 

GRPO enters official bear market (down 20%)...

And so does TSLA...

Did Tesla's "D" stand for Down...?

 

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Mon, 10/13/2014 - 11:02 | 5323904 hedgeless_horseman
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To be accurate, it is really camera on a bra.

Mon, 10/13/2014 - 11:02 | 5323918 Pool Shark
Pool Shark's picture

 

 

I'm long GPRO. I hear they're working on their new model: "Camera on a LONG Stick."

This will really come in handy after your neighbor contracts Ebola...

 

Mon, 10/13/2014 - 11:04 | 5323929 cifo
cifo's picture

It will probably go down into the 40s, where it belongs (by looking at the chart).

Mon, 10/13/2014 - 11:05 | 5323941 Xibalba
Xibalba's picture

vr gonna put it to sleep

Mon, 10/13/2014 - 11:14 | 5323999 AlaricBalth
AlaricBalth's picture

Narcissistic nation.

It's all about me!!!!

Mon, 10/13/2014 - 11:22 | 5324048 NoDebt
NoDebt's picture

Just remember, no matter how far a stock drops, it would have to drop another 100% from there to hit zero.  And, frankly, how likely is that to ever happen?

Mon, 10/13/2014 - 11:29 | 5324078 SilverIsKing
SilverIsKing's picture

So let me see. If a stock is at $200, for it to go down to $0, it would have to drop $200. $200/$200 = 100%.

Now, if the same stock drops to $50, then for it to go to $0, it would only have to drop $50. Thus, $50/$50 = 100%.

This is amazing! I'm going to spend the rest of the week trying to find one that doesn't come to 100%.

Wish me luck!

Mon, 10/13/2014 - 11:38 | 5324131 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Just remember, no matter how far a stock drops, it would have to drop another 100% from there to hit zero.  And, frankly, how likely is that to ever happen?

Ask the previous stock owners of GTAT?

Mon, 10/13/2014 - 11:43 | 5324157 TahoeBilly2012
TahoeBilly2012's picture

An old High School buddy got his Go Pro stock the old fashioned way...married the founder's sister.

Mon, 10/13/2014 - 11:56 | 5324223 MillionDollarBogus_
MillionDollarBogus_'s picture

Gopro stock is getting whacked because French investigators are now saying Michael Schumacher's ski helmet cracked open because it had an attached Gopro camera.

Odd thing is that they also say the camera survived intact.

Camera more durable than a ski helmet..??

Go figure...  

Mon, 10/13/2014 - 11:57 | 5324224 pods
pods's picture

"And here is your wedding gift, all charged up and ready to go."

POV FTW

pods

Mon, 10/13/2014 - 11:41 | 5324124 aVileRat
aVileRat's picture

More than you think, but that is what is called insight, and why people pay a premium for it. No amount of charting and statistical arb. can explain away a good rifleshot trade based on knowing what you have, which is why equities by the sweat equity factor alone deserves a higher tangable valuation than gold which is the ultimate passive long-trade.

Proof:

- Endeavour

- GT Interactive

- Box stores

Go look at the bond spreads today and pick what is next. Top down trend tracking is fun, but 100% drops do happen, about 3 a year, this year ? def. more.

I find it funny that JP Morgan asset is now calling for a correction of 10%+ in the next 90 days as of Friday night's media comments, was hoping TD would pick up on it, given their large stakes in many gogo stocks as per 6-14 13F's.

 

 

 

Mon, 10/13/2014 - 11:52 | 5324206 Variance Doc
Variance Doc's picture

Thanks for your thoughts.

These kinds of comments are long gone on ZH. Now, there is mostly bullshit posted. I miss the quality-ZH of yesterday....

Tue, 10/14/2014 - 01:11 | 5323959 TruthInSunshine
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Whisper rumor that Apple may buy Camera-On-A-Stick to create iStickEye.

Mon, 10/13/2014 - 12:06 | 5324268 Againstthelie
Againstthelie's picture

You really mean that a corporation producing nothing but action cameras any smartphone could do as well, is not the result of a huge bubble and will survive? Optimist. Or do you believe in bubbles? ;-)

Mon, 10/13/2014 - 11:13 | 5323993 PartysOver
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"Camera on a LONG Stick."  And here I was thinking you were going all porno on us.  My bad.

Mon, 10/13/2014 - 11:02 | 5323915 stinkhammer
stinkhammer's picture

it's fucking stooopid

Mon, 10/13/2014 - 11:15 | 5324005 Cornholio
Cornholio's picture

Uh huh

Mon, 10/13/2014 - 11:04 | 5323927 Newsboy
Newsboy's picture

I mostly see it on bike helmets.

Mon, 10/13/2014 - 11:05 | 5323947 starman
starman's picture

Better buy that dip before they come out with the anal and vagina versions!

Mon, 10/13/2014 - 11:08 | 5323960 syntaxterror
syntaxterror's picture

Yes, the GoBlow will be a wildly successful product.

Mon, 10/13/2014 - 11:39 | 5324085 messymerry
messymerry's picture

YES!!!!...and we can build and market it for $40 and sell it for $299.  The sheeple will go nuts.  Bwahahahahaha...

etc. etc. ad nauseam.  Ethics have been stricken from B school curricula. 

 

Mon, 10/13/2014 - 13:18 | 5323948 syntaxterror
syntaxterror's picture

Just wait until they release their Carbon Fiber stick! News highs soon!!! 

(sarc... jeeez)

Mon, 10/13/2014 - 11:07 | 5323956 Spastica Rex
Spastica Rex's picture

Cool camera (kite aerial photography), stupid investment.

Mon, 10/13/2014 - 11:24 | 5324062 Took Red Pill
Took Red Pill's picture

They just came out with a new model, GoPro Hero 4, as did Tesla. Apparently, people (and investors) were not impressed. The main improvement is in the resolution choices;  4K30 / 2.7K50 / 1080p. Seems to me 1080 ( which the old model had) is adequate for most people.

Mon, 10/13/2014 - 11:34 | 5324100 SilverIsKing
SilverIsKing's picture

Why can't one just put their smartphone on a stick? If you're into this pic on a stick type of thing. The digital camera went the way of the Betamax because of the smartphone. Well, if someone sells a stick for your smartphone, why does someone need a GoPro stick?

Mon, 10/13/2014 - 11:34 | 5324107 Spastica Rex
Spastica Rex's picture

Tiny lenses are big problems.

Which is not an edorsement for investing in GoPro, which doesn't have a great lense, anyway.

Mon, 10/13/2014 - 13:38 | 5324712 detached.amusement
detached.amusement's picture

scratches pretty damned easily

Mon, 10/13/2014 - 11:34 | 5324101 Spastica Rex
Spastica Rex's picture

Yeah. If you need more than 1080, you're a movie studio, and you're not using consumer tech.

Mon, 10/13/2014 - 12:22 | 5324368 Againstthelie
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How is that possible? It's called Hero 4!

Some must have forgot to take their blue or red pill.

Mon, 10/13/2014 - 11:09 | 5323973 Smegley Wanxalot
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GoZero

Mon, 10/13/2014 - 11:31 | 5324096 Soul Glow
Soul Glow's picture

The dollar abides.

Mon, 10/13/2014 - 11:14 | 5324001 jfichthorn
jfichthorn's picture

Well, since apparently wearing a go pro might cause serious brain injury, it kind of screws up the whole professional marketing pitch in theory. http://gawker.com/michael-schumacher-brain-injury-reportedly-caused-by-h...

Mon, 10/13/2014 - 19:54 | 5326677 JuliaS
JuliaS's picture

In turn, serious brain injury may encourage one to invest in GoPro. Sounds like a sound business model.

Mon, 10/13/2014 - 11:17 | 5324020 Rastadamus
Rastadamus's picture

First Go Pro brought you the epic jump from space by that guy with a parachute and now this fall from grace.

Mon, 10/13/2014 - 11:19 | 5324032 astoriajoe
astoriajoe's picture

I thought the camera on a drone would do well, as nurses refuse to go to work in hospitals and someone will need to check on the bodies.

Mon, 10/13/2014 - 11:24 | 5324049 Spastica Rex
Spastica Rex's picture

I actually had the beginnings of business plan for doing local commercial aerial photography in my backwater desert town. Kites don't work, but commercial (ha) drones are now completely viable.

Viable, except that commercial drones are now officially illegal.

Glad I didn't buy one.

Mon, 10/13/2014 - 11:31 | 5324092 Took Red Pill
Took Red Pill's picture

I did buy one. Technically they're illegal for commercial use but there are ways around that. You can include it for free in a package with other services. For example, if you had a job photographing condos, you could charge for the ground shots and include free aerials with the quadcopter/GoPro.

Mon, 10/13/2014 - 11:36 | 5324115 Spastica Rex
Spastica Rex's picture

Interesting.

I wasn't clever enough to consider that.

Mon, 10/13/2014 - 11:19 | 5324039 Jameson18
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Tesla is on FIRE go tesla.

Mon, 10/13/2014 - 11:34 | 5324109 Took Red Pill
Took Red Pill's picture

The Tesla D looks pretty cool. 0-60 in 3.2 seconds and can drive itself! http://www.theverge.com/2014/10/10/6955919/my-lap-of-terror-in-the-tesla...

 

Mon, 10/13/2014 - 15:40 | 5325357 Karlus
Karlus's picture

You mean literally on fire?

This thing again?

Mon, 10/13/2014 - 11:24 | 5324061 aliki
aliki's picture

id imagine this has something to do with it

GoPro helmet camera may have caused Schumacher's brain injury, PetaPixel says A GoPro helmet camera may have caused a brain injury to Formula 1 racing legend Michael Schumacher, who suffered a serious skiing accident in December 2013, PetaPixel reports. French journalist Jean-Louis Moncet spoke with Schumacher's son, and said "The problem for Michael was not the hit, but the mounting of the GoPro camera that he had on his helmet that injured his brain."

http://petapixel.com/2014/10/12/michael-schumachers-ski-accident-brain-i...

Mon, 10/13/2014 - 13:39 | 5324721 CrazyCatLady
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The problem is that he liked to do dangerous things.  Just ask steve irwin, if you could.

Mon, 10/13/2014 - 11:35 | 5324075 Soul Glow
Soul Glow's picture

Stock indexes look ready for a massive breakdown.  S&P hasn't closed below 1900 since May.  Talk about a retrace.

Mon, 10/13/2014 - 11:32 | 5324098 checkessential
checkessential's picture

Does GoPro have the patent on little SD card video cameras?  Some day in the very near future people are going to be asking themselves WTF they paid $399 for this thing.    

Mon, 10/13/2014 - 11:47 | 5324178 barre-de-rire
barre-de-rire's picture

for sure, since same design is doin same stuff for 300% less price

 

http://www.aliexpress.com/item/Free-shipping-Original-SJ4000-WiFi-SJCAM-...

 

american products are overrated cos everytime they give design to be produced in china same quality pop a year later with third the price...

 

who is fucked enough to buy any " made in usa, assemblied in china " even iphone 6 is a bent spoon ... check wiko phone for the price...

 

made in usa.... rofl

Mon, 10/13/2014 - 11:40 | 5324144 disabledvet
disabledvet's picture

Drop the price on the Tesla Model S to 40 grand and see if you really can make it up on volume.

Mon, 10/13/2014 - 13:36 | 5324705 disabledvet
disabledvet's picture

Theyll still have 40% profit margins.

Mon, 10/13/2014 - 15:57 | 5325476 Karlus
Karlus's picture

Maybe they can attach some SCTY panels on the roof and sell back to the 'lectric companies, mang!

 

I herd Tesla model 3 will now be powered by wishes, dreams and more govt subsidies!

/derp

Mon, 10/13/2014 - 12:31 | 5324417 realitybiter
realitybiter's picture

Gpro is the new cosn.

Cosine went ipo about 20 seconds before the final final in the dotcom boom circa Summer 2000.  After a couple a reverse splits it went from $750 to $3 in 18 months, then spent the next 12 years grindind down to "who cares?"

do they make the camera ICs? What is their secret sauce?   What is it that you do here?

They have not been profitable and have $1 a share in the bank.  STFB.

Mon, 10/13/2014 - 12:50 | 5324514 robertsgt40
robertsgt40's picture

The timing of the French report about race car driver Michael Schumacher wearing a GoPro when he hit a tree couldn't be more timely.

Mon, 10/13/2014 - 12:55 | 5324546 williambanzai7
williambanzai7's picture

Anyone who needs a Go Pro knock off that works just fine, can get one in HK for $40-50 US. Probably comes from the same factory.

Helmets cost extra.

Mon, 10/13/2014 - 13:21 | 5324655 cornflakesdisease
cornflakesdisease's picture

Got a link?  I was think of getting one, but I didn't want to spend a lot.

Mon, 10/13/2014 - 14:51 | 5325085 css1971
css1971's picture

at200, sj4000 or sj1000, $50-$100

bit more expensive, sony as100, polaroid cube.

Mon, 10/13/2014 - 13:38 | 5324711 huggy_in_london
huggy_in_london's picture

Funny, cause last time i was in HK about 6 months ago these things were everywhere.  Why do people think gopro is so special?  zero barrier to entry in this thing....

Mon, 10/13/2014 - 14:12 | 5324852 css1971
css1971's picture

Camera On A Stick has competition... The Mobius ActionCam.

Does pretty much what you need in terms of cameras on sticks, maybe not everything, but costs $70, not $300. I forsee massive margin compression for Cameras On Sticks.

Mon, 10/13/2014 - 18:08 | 5326200 Hungarian Pengos
Hungarian Pengos's picture

Why don't they market their cameras to people to place in vehicles so they can document the Blue Roid Raging Army stealing all of their stuff during "civil forfeitures"?  I'd actually buy one then.

Mon, 10/13/2014 - 20:21 | 5326780 StychoKiller
StychoKiller's picture

So long as the dashcam can survive everything except a car-crusher, then why not?

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