First post on GoPro [GPRO]

As another lesson in the inherent worthlessness of stocks which do not pay a divvy, check out the chart of Go Pro below.  C=A @ $4.  This one still has a market cap of 2.5bn even after crashing all this way.  Imagine that, a freaking camera company that once had a $13bn market cap.   Keep in mind that AMD, which actually produces something that is vital to our current way of like (computer chips) only has a market cap of $2bn today. 

While everyone thinks the markets are in a bull market, many, many stocks have already tanked like this.  A similar boom and bust stock is DDD.

What interests me about the GPRO chart is that fact that it is bisected by a wedge.  At what point is a wedge different than a HT?  I don't know since no such relationship is defined by the Elliott wave principle but it seems very strange to me that there would be no meaning to this.

The final plunge is not confirmed to have begun until the lower rail of the current wedge breaks down.  There is no guarantee that this will happen.  I could be off by 1 wave in the count of green C. Anything much higher than about $22 would cause me to have another look here but for now I'm eying $4.  But if it dips down there then it is certainly worth scooping up IMO.