GPRO

[Pascal]

Today, GPRO is down 8% because the secondary was priced at a steep discount: $75

This means that any price below $75 can be bought, because the underwriters will need to defend $75 in order to be able to sell the stocks.

I bought at $72.89



Pascal

[RalphR]

Please keep in mind that the initial IPO shares lockup is over on Dec 23 or 24 and will add supply.

Regards,
Ralph

[Pascal]

Please keep in mind that the initial IPO shares lockup is over on Dec 23 or 24 and will add supply.

Regards,
Ralph

Indeed, but I think that they are doing this secondary to unlock part of these Dec shares already.
Anyway, this is a tactical trade just until we get back to $75


Pascal

[Pascal]

Please keep in mind that the initial IPO shares lockup is over on Dec 23 or 24 and will add supply.

Regards,
Ralph

Ralph,


You were totally correct regarding GPRO. I feel lucky that I sold the bounce to 80, because after that GPRO started to look like an energy company.


Pascal

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