Hubert Senters here.
Let’s take a look at GoPro. It’s on a monthly chart to push through a point to about these overvalued IPOs that people like to throw money at. And look I’m not saying they’re never good investments every now and in, you know, they’re okay. And you know like even the blinds world will find a nut every now and then and the clock is right twice a day.
But if you look at GoPro on this back on the day when they were big high flying company today they still bleep lose money which is odd for an investment because when I invest in something unless it’s just like Silicon Valley. Heads up, it is the valuation on top of evaluation bring in more money and increase the evaluation that’s the game that they like to play then they go public and they hope that it can continue but or they hope they can figure out how to be profitable and actually make money.
But anyway, so here’s GoPro. In this example here they opened up and they’re opening day. They had a high of $40.70. And then it had a real high. Oh, right there, $98 so based upon that from the high you could have made from $40 to $98. That’s a good run. But you have to be careful because this can happen fairly quickly, sell-off retracement, sell-off and then die the death of the sideways shuffle.
So case in point if you look at zoom which is basically a competitor to GotoWebinar you would think that the symbol would be ZOOM. You would be wrong. This is another company that is getting some traction because of the IPO. Look at here and you can see this right here people are getting confused and they’re thinking that’s the Zoom signal and it’s not so people just jump in there because they suffer from fomo when in fact Zoom is ZM and as you can see Zoom as I think right here is actually overpriced and is now dropping on a daily chart so if it had a price of $66 at about $33 it would be a 50 percent blue light special which you can potentially try to pick it up there too so be careful with IPOs. They can be dangerous especially if you don’t have a stop-loss or if you turn a little loss into a massive loss.
Folks over at Vantage Point have a really interesting one to three day algorithm that will predict if whatever you’re trading is going to go up or down over the next one to three days obviously you can see the advantage in that algorithm.
They’re going to be doing a special webinar on Thursday, April 24th at 12PM EST that would be noon first name, email address an optional phone number there. Click RESERVE MY SEAT and let me know how you like the webinar.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
