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
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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
Please keep in mind that the initial IPO shares lockup is over on Dec 23 or 24 and will add supply.
Regards,
Ralph
[QUOTE=RalphR;29053]Please keep in mind that the initial IPO shares lockup is over on Dec 23 or 24 and will add supply.
Regards,
Ralph[/QUOTE]
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
[QUOTE=RalphR;29053]Please keep in mind that the initial IPO shares lockup is over on Dec 23 or 24 and will add supply.
Regards,
Ralph[/QUOTE]
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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