GoPro (GPRO) is running like the IPO's of 1998/99.... and it's interesting that the "market" is so hot on what (on the surface) is a one trick pony. I'm saying that because basically they just have ONE camera. At this point we don't know if it's just the latest "trader" darling - or if there's real intrinsic value that is yet to be discovered.
Here's the 102 version of this:
MANY IPO's come out and all the TV talking heads can do is discuss it -- and the stock flies -- for awhile.... then the next big IPO comes out - and the old one stalls out and the new one is all they can talk about.
Make CERTAIN that if you choose to invest in these IPO's - that it's play money. And make certain you're investing in the COMPANY and not just your personal love for a product. There's a difference... and in order to hold long term - you must understand the company and whether or not they can make money. In the longer run - the market will only reward "making money" because their love of the hype is pretty short lived.
Obviously there's many more people that want to own this company right now and it's painful to watch it run and not be in it. It's what people wanted out of Twitter and FaceBook.... it's fun when they go straight up.
What happens is that you missed this one -- so the next one you're NOT MISSING IT NO MATTER WHAT.... and that's the trap. The mind screams at you that you missed a double on "X" and by god you're not going to do that again. Be careful of that thinking
If a STOCK (not a company) is going to double and triple.... while you might not have gotten in at the bottom -- there's still plenty of time to watch and learn and get in and make 30% or 40% somewhere along the line. Sometimes that's far better than LOSING 30% when the air comes out.
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