No trades again for me today. I’ve done the buying I wanted to do and each of the recent buys, YELP FUEL and FEYE are up on a bounce for now. Easy does it. I’d take some profits if I get another 10-15% in addition to the 10-15% they’ve already popped. Not doing anything for now though.
Don’t forget this week’s Live Q&A Chat at 2pm EST on https://tradingwithcody.com/Chat.
Drones, as I’ve found out since I recently started writing about the “Drone Revolution,” are most often associated with the military. When people hear the word, “Drone” they think of stealthy high-tech unmanned aircraft running missions and firing missiles in remote areas of the world.
But if you actually look up the word “drone,” it means any type of pilotless aircraft, car, gadget or object. I am going to pull the remote-controlled dune buggy I have in storage out to put a $29 wifi camera on it that I can control from an app on my iPhone and boom — I’ve got a drone. I can drive it as I hike around my 40 acre ranch to make some killer footage of my property as it recovers from the Little Bear Forest Fire that whipped through it two years ago.
The average Joe is starting to see more article about newer flying versions of my little remote-controlled dune buggy drone, the quad-copter. Speaking of which, we have our first good Drone stock coming public soon, GoPro. As Marketwatch’s The Tell put it, “GoPro cameras also tend to be the “cameraman” on many drones.” AMBA, which makes some of the chips that go into GoPro is another name I’m digging into as a Drone Revolution play.
As I researched the pros and cons of the potential consumer and commercial markets for drones, the concerns over the potential of invasion of privacy repeatedly came up. There are many new laws coming to the land that are being created to address this very issue, but the truth is that there are plenty of laws that are already on the books federally and state-level that simply have to be enforced when people break them using drones. If taking pictures of somebody’s house and property with a telescopic camera is already illegal, then doing it with a drone is also illegal.
For example, the Google driver-less cars, also known as drones of course, have logged over 700,000 miles while filming and taking pictures of the nation’s streets and addresses. Google, which was operating the drones, was invading people’s right to privacy by putting those images directly up onto Google Maps. Google still operates those drones and Google is still accountable for any invasion of privacy or other laws that the drones might break while they’re doing their thing, but Google now blurs out people’s faces and license plates and other identifiable individual traits on the images it publishes on Google Maps. As for the drones breaking other laws, did you know that in the course of those 700,000 miles that Google’s drone cars have logged, they’ve gotten a total of…wait for it…zero traffic violation citations?
Which leads me to today’s close which is simply a Deep Thought of the Day. How many lives and how much time will be saved (not to mention money) because drones are so much safer on the road than people-driven cars? See below for other ramifications.
You can’t stop a revolution that will impact our lives so dramatically on safety, efficiency and prosperity, which is exactly what the Drone Revolution really is.