Holding through earnings scares the hell out of me, especially after the previous post earnings results, and after a 50+% run up. I could see it pulling back to the 50 dma before moving up again.
Was just reading an article about Type 1 diabetes. In 2005 the Continuous Glucose Monitor came to market. It requires that a slender filament be placed under the skin. The filament has an electrode that senses changes in conductivity due to glucose levels. However, the filament has to be replaced after a number of days. I wonder if a FitBit sensor could be designed that would be capable of measuring glucose levels.
Stock has tanked after every earnings release. I'm interested to see if that trend gets broken.
Fyi, I used to follow 3D Systems. I made some money on it when it rose from 10 to 95. It formed a classic H&S and tanked back to single digits. I happened to look at the stock the other day after someone issued an upgrade. It went from an intraday low of 6 in January to 19 yesterday. My point is that stocks that have fallen out of favor can have amazing reversals after bottoming out. FIT going from 12 to 30 in a short time is not out of the realm of possibility.
I could see FIT forming a cup up to 30. How long that will take is unclear. Could it happen before earnings? Possibly. Depends partly on the amount of short covering. The 50 dma finally turned up Wednesday. It's hard to believe but with the exception of a few days in early November, the 50 dma has never risen since the IPO. I think that's about to change.
I don't really understand all of the criticism of Park. He has a long term plan for the company and he's trying to execute it. He confirmed full year guidance, which represents 30-35% revenue growth. They're about to roll out new products in 63 countries. So he's not playing the game your quarterly numbers and suck up to Wall St. nonsense. Too f'n bad. It's amazing how people are always complaining that Wall St. is a bunch of crooks, but then they get mad when a CEO doesn't kiss their #$%$
And for those of you who think the stock should be trading at 30 or 50 or whatever, hardware companies never trade at high multiples. Apple, in its heyday, never traded above a 15 p/e.