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Originally Posted by SSLance
Well, my brokerage house doesn't have access to the pre-IPO shares, so it looks like I'll have to open an account with Level3 to get any of the pre release shares or just buy it on the open if I want.
I still haven't decided what to do...
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GO PRO is selling a million cameras PER QUARTER....
Here's where I'd be concerned regardless of who or what company we are talking about... doesn't make any difference if it's an IPO or a big company like APPLE.
Every QUARTER a company reports it's earnings... that's every three months guys! And every three months - they have to meet or beat the street. Sales - profits - unit sales - and on and on... have to be growing. IF not - the stock gets crushed. Never forget this key metric. The entire market is all about growth and growth gets rewarded - misses get clobbered.
So regardless of whether or not a company is selling cameras or cell phones or bread... Your investment needs to be based on the future - and what the market thinks they'll be able to do going forward. End of story.