GoPro (GPRO) has been red hot in the first two days of trading as shares jumped from $28 to $40. GoPro (GPRO) dropped $4 Friday afternoon to close at $35.76. The question many people are asking is, should I buy GoPro (GPRO) stock?
One thing people have to realize is there is a ton of demand and little supply of GPRO stock. Only 17.8 million shares are available out of the total 125,745,976 shares locked up ahead of the key lock up expiration period on December 27, 2014. Expect a massive amount of selling ahead of the lock up expiration but as of right now, the lock up expiration does not matter. GPRO stock will continue to see heavy volume and wild swings.
My advice is to only buy GoPro stock on large dips and sell into rallies. If GPRO breaks above $40.50, the stock becomes a buy again using a tight stop loss order.
More IPO's - http://www.blackberrystocks.com/ipos2014.html
Top Stocks 2014 - Top Penny Stocks 2014
Tim
http://www.stockstobuy.org/group/stock-picks
