GoPro shows its vulnerability after horrific Q3 earnings • Hacker News Board

Re: GoPro shows its vulnerability after horrific Q3 earnings

#81

Post by narkee » Thu, Nov 03, 2016, 10:12 PM UTC

maruamx wrote: post #45

conistonwater wrote: post #22

Earlier quoted context omitted.

That page lists the reasons as T1 (halt pending release of material news), and T2 (halt while news is being disseminated). So then it's not a circuit breaker ( T5 ?)? I wonder how exactly that works. What kind of news does it apply to? Is it common? Can a company ask for a trading halt on its own before it releases bad results?

My understanding was that the markets have a duty to provide equal access to information that would determine your decisions. This is one of the reasons why companies often release their quarterly results after market close. It allows all relevant parties to be able to access the latest information before selling resumes. If this wasn't the case, then users with the fastest connections would be able to process, and r…

Wait, isn't that the entire point of high-frequency trading and their low-latency access to markets?

Re: GoPro shows its vulnerability after horrific Q3 earnings

#82

Post by lsmarigo » Thu, Nov 03, 2016, 10:13 PM UTC

lbotos wrote: post #20

giarc wrote: post #14

Earlier quoted context omitted.

I think GoPro suffers from two problems. 1. Many people buy these camera's that never use them, or use them a few times but realize editing videos takes longer than they hoped it would. So after a while of non use, they sell the camera. 2. They built a good product, one that lasts and is therefore good for the used market. People are comfortable buying a used GoPro because they know it's rugged and well built. So GoP…

Re: Video editing, whoever figures out how to make that _super easy_ is going to make a TON of money.

there are a few orgs working on this using AI/Machine learning on the b2b side for news/journalism orgs, no offerings for general users yet but it's on the horizon for sure.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#83

Post by jkestner » Thu, Nov 03, 2016, 10:15 PM UTC

NumberCruncher wrote: post #3

Company misses revenue expectations or revenue expectation misses reality? Hmm...

For better or worse, it's partially on the company to manage expectations. Amazon does a great job of this, which is why it can get away with minimal profit most quarters.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#84

Post by wayn3 » Thu, Nov 03, 2016, 10:17 PM UTC

cmdrfred wrote: post #65

wayn3 wrote: post #48

Earlier quoted context omitted.

you can't sell your assets on the exchange through a broker because you're a small chump. you can sell your assets outside the marketplace just fine. if they just allow orderbooks to get skewed more and more in one direction you just run head first into a potential macro crash and sometimes thats just a little more important than you wanting to unload your 60 bucks of stock. And I'm pretty sure there's government reg…

Oh, so only small time investors and not large ones can't sell their stock? That sounds worse, not better. >And I'm pretty sure there's government regulation requiring them to do this. And who runs the government, empirically speaking? "Multivariate analysis indicates that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while average…

yes, you can sell your shares through other channels.

everyone can do that. you can take your 30 shares of random company x to your mom and sign a contract with her buying the shares.

anyone can do that.

stock exchanges are private businesses with private rules about who can and can not use their servers. they're open from 9:30 to 5. if you want to buy during other hours, you better find someone to buy from.

as far as the "look people are evil here's ONE ARTICLE of evidence" paradigm goes - its a bit lame. for further reading, google selection bias.

if you read my post, i'm not saying that this is good or bad. its just fact.

forex goes down during all news. doesnt mean that big banks cant trade with each other during news. doesn't mean that you can't walk into a commercial bank at noon and buy some currency. it just means that one exchange doesn't want your business during news because they'll potentially enter significant counterparty risk.

they just exercise their right of refusing to do business with you. doesn't matter that its automated through software. if I know for a fact I don't want to buy from door to door salesmen at 5am and turn my doorbell off during the night, its conceptually the same thing. you cant have it both ways. you can't only have "capitalism" when its good for you. you're either free to enter contracts or you're not.

and in case that's somehow not clear: stock exchanges are private for-profit companies. they're not institutions bound to some weird codified public goodwill. whether thats a good or bad thing is for you to decide.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#85

Post by sdegutis » Thu, Nov 03, 2016, 10:21 PM UTC

duncan_bayne wrote: post #55

odbol_ wrote: post #39

Earlier quoted context omitted.

If only they made crappier products that break more often, at least then their stock shareholders would think it's a good company. This exemplifies everything that's wrong with capitalism and planned obsolescence.

In what way do you think that strategy is an inescapable consequence of capitalism?

Capitalism isn't a bad idea, it just needs proper regulation. What we have is an unregulated mess which gives both stupid and unscrupulous execs the advantage.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#86

Post by jkestner » Thu, Nov 03, 2016, 10:22 PM UTC

mikestew wrote: post #35

adamnemecek wrote: post #16

They went from 86.97 on Oct 4, 2014 to 11.94 now. Isn't looking too good.

I remember having an alert set for if GPRO ever bounced up from (let's say) $45. It hit that number and never bounced, it just kept on going down. I consider my GoPro to be my worst tech purchase in the last ten years, but as a mostly technical trader I'll occasionally (though rarely) buy a stock despite my feelings about their offerings. But GPRO demonstrates that, once again, I should stick to companies that sell t…

Yeah, I bought some as well. Can't win them all. I believed their vision of being a lifestyle company that could weather the whims of the tech market. That may be so, but looks like they never expanded their market, and their user experience didn't evolve to suit consumers.

OTOH, if I bought what I really liked, I would've bought HTC and stagnated. The Re action camera is an excellent value and gets the experience right.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#87

Post by NumberCruncher » Thu, Nov 03, 2016, 10:22 PM UTC

jkestner wrote: post #83

NumberCruncher wrote: post #3

Company misses revenue expectations or revenue expectation misses reality? Hmm...

For better or worse, it's partially on the company to manage expectations. Amazon does a great job of this, which is why it can get away with minimal profit most quarters.

Have you ever googled "amazon offshore profits"? Maybe you should...

Re: GoPro shows its vulnerability after horrific Q3 earnings

#88

Post by joshu » Thu, Nov 03, 2016, 10:24 PM UTC

tonyplee wrote: post #51

topbanana wrote: post #5

Perhaps the chinese clones are denting sales? I own two GoPros but I understand the clones are very nearly as good, for a much lower price.

Agree, one can easily study the clone's features, price and customer reviews here: https://www.amazon.com/s/ref=nb_sb_ss_c_1_12?url=search-alia... They use the same SOC, camera sensors. There are tons of HD Videos comparison reviews on Youtube.

I am told the GoPro is very similar to the ambarella reference board. Are you saying these are similar? Because that would be very useful.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#89

Post by cmdrfred » Thu, Nov 03, 2016, 10:24 PM UTC

wayn3 wrote: post #84

cmdrfred wrote: post #65

Earlier quoted context omitted.

Oh, so only small time investors and not large ones can't sell their stock? That sounds worse, not better. >And I'm pretty sure there's government regulation requiring them to do this. And who runs the government, empirically speaking? "Multivariate analysis indicates that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while average…

yes, you can sell your shares through other channels. everyone can do that. you can take your 30 shares of random company x to your mom and sign a contract with her buying the shares. anyone can do that. stock exchanges are private businesses with private rules about who can and can not use their servers. they're open from 9:30 to 5. if you want to buy during other hours, you better find someone to buy from. as far a…

So, Free market everywhere except our market? Sounds like Wall Street is having trouble living up to its rhetoric.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#90

Post by laserDinosaur » Thu, Nov 03, 2016, 10:26 PM UTC

mikestew wrote: post #58

mtw wrote: post #31

Earlier quoted context omitted.

I haven't read your account. What's bad about GoPro? Note : I have an action camera, but it's from Garmin

My main complaint is that it's difficult to determine camera state. My main use case is having it mounted to a motorcycle where I can reach the buttons but can't safely or easily see the indicator LEDs. Is it on? Is it recording? I have some awesome videos of me sitting on a curb in front of a gas station drinking a Gatorade because I thought it was recording the whole time, and it turns out that when I pulled up and…

>My main use case is having it mounted to a motorcycle where I can reach the buttons but can't safely or easily see the indicator LEDs. Is it on? Is it recording?

If you get the GoPro phone app, you can do a live preview of what the camera can see and you can fiddle with most of the settings. I usually use my phone to make sure everything is pointing correctly from my helmets pov and then tuck my phone into my backpack.