Time to SHORT GOPRO and NASDAQ's overvalued STOCKS.Hi. It's my first posting in tradingview.
I think this is perfect time to SHORT GOPRO and overvalued stocks from NASDAQ.
The below chart is GoPro's Quarterly EPS.
2020-06-30 $-0.34
2020-03-31 $-0.43
2019-12-31 $0.66
2019-09-30 $-0.51
2019-06-30 $-0.08
Following my analysis, I expect GoPro's upcoming EPS in 3days will be between negative 0.40~ negative 0.70 level. I already shorted GoPro around $6.2 period few days ago.
Since I believe stock price for GoPro entered "Bear Market", I bought few more put options of GoPro until early November 2020. I think it's great opportunity to buy more put options of GoPro in the next 1 or 2 days when market opens. Since it's my first posting in tradingview, I will not include specific target price but still, it will be your opportunity. Short GoPro around $5.91~$6.05. And come back to my analysis in a few days. Hope everyone is safe from COVID and being healthy. Go to bottom GoPro. Bear market has already started in my analysis.
Sayy
