GoPro Makes This Financial Analyst Nervous
Financial analyst and author Anne-Marie Baiynd has been watching shares of GoPro Inc (NASDAQ: GPRO), but she doesn’t trade them.
“Particularly around earnings, when you’ve got something that’s new in the price-to-earnings ratio, which really I completely ignored with Netflix, and that’s why it ate my lunch,” she said.
Baiynd recently joined Benzinga’s #PreMarket Prep to talk about why she is hesitant about investing in GoPro.
“When I look at this [chart], GoPro makes me a little nervous,” she said.
While the stock is moving up, Baiynd explained that it looks like it’s been sitting at a double-top event for the last 10 or 12 days. She said that’s why she hasn’t been looking at it, but admitted that she has been starting to look a little bit more.
“It’s definitely worthwhile, particularly as volume builds, cause that’s critical to me,” she said. “It’s got to have a lot of volume. Particularly, my chains have to have a lot of volume because I move around in them so much.”
NEVER EVER underestimate your opponent - it’s arrogant and a sure fire way to set yourself up for a loss in the long run
— Anne Marie Baiynd (@AnneMarieTrades) October 30, 2014
Baiynd also talked about Netflix, Inc. and LinkedIn Corp.
Check out her full interview here:
Don’t forget to tune in to Benzinga’s #PreMarket Prep broadcast Monday-Friday 8-9:45 a.m. ET for all of the premarket info, news and data needed to start the trading day.
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