It almost seems like there is some organized attack going on toward FitBit. These lawsuits come out of nowhere, even though every other company that sells a HR monitor could be accused of the same inaccuracies. Where's the lawsuit against the Apple Watch or Garmin? I went on one website that had a review of the Charge HR, and there were commenters claiming that the device was causing them shoulder, groin, and knee pain. They claimed that the pain disappeared the instant they removed it. This just smells of paid bashing. Within hours of the Blaze announcement, there were multiple articles written bashing the product, using that tiresome Apple competition argument. Yet the response from CES and retailers was overwhelmingly positive.
Voters as CES like the Blaze. Retailers were impressed with it. The lawsuit is total BS. Why no lawsuit against Apple, Garmin, or any of the others for their equally inaccurate HR monitors? And the stupid comparison to Apple articles that continue to appear from idiots like Motley Foo have become so tiresomel. Let's see if the shorts are still the winners five years from now.
May be following the same pattern as last qtr. Big selloff after earnings, a near 30% one week rally followed by a retest of the low, followed by a slow rally back into earnings. If that's the case, you should be able to buy at 27 and ride it back to 35 by Feb. 1.
I never thought it would go that low, but now I have to agree with you. I see maybe a technical bounce next week at 32, but I doubt that will hold. Mid 20's by December seems likely. Then a rally back into the 30's by ER.
No question that there's a lot of competition. I looked at a number of the competitors' models on Amazon over the weekend. Form factor doesn't always win out, but Fitbits look cool. Most of the competiton looks like a clunky watch.