I received dozens of emails from readers who were unhappy with me "bashing" what folks think is a very innovative product. Don't get me wrong, for I also think it is a beneficial and cool product, and actually, I would actually love to have one for recording some of my own unique memories.

I stated that the IPO was ridiculously saturated with irrational exuberance, and the immediate surge in its stock after the IPO was unsustainable do to myriad factors starting with the usual suspect: the Fed-inflated stock market that propped up the stock's bullish run on steroids right out of the IPO gate. Additionally, I thought the company was riding the tide of the Narcissistic generation's expression of self-love through endless video selfies. (Look at me! Here I am! Here I was! There I go! Booyah!) Remember, action cameras are still a niche market. The company's customers have been buying $200-$400 cameras on credit, and as is often the case with fast-moving technology,those same customers replace them as newer, more advanced products are released.