that's all it is. China fears. other companies might have buybacks in place and are supporting their stocks. fitbit had a big 13g holder disclosed. gopro seems to have found support at a 10% drop. this stock is not for the faint of heart.
its amazing what the shorts will say to try to get this to go lower. bottom line is this company's stock price went from 20 to 53 in a couple months. what more do you want people. its just giving a little back. the ceo is not stupid, he's just trying to get off the cnbc train and back to work.
shorts will start to cover. they'd be crazy not to. all it would take is one statement from the company announcing some partnership with a health insurer or anything add-on to the current functionality of the fitbit.
it's just the way momentum stocks trade when they've run so far so fast. there is nothing wrong with the report. it just got ahead of itself. so now it has to build a base based on their numbers. so it will be volatile while non-believers sell and believers buy.
CVS-not cool. aren't you making enough money? hate companies that rip off the consumer. its hard enough trying to make ends meet.
I've often thought this is the type of company WB likes. You can see 10 years ahead that their product won't be disrupted, steady & stable growth, good management.
5-10 years? who waits that long these days for an upward move. I say it will be higher after its 1st earnings report as a independent co.
I used my paypal acct today for the first time in a long time. I had to update my cc info and in the process I was asked to link a bank account. I did not want to link my bank account. they made it seem like I had to in order to complete my transaction.turns out the transaction went through without me linking an account. it made me question pypl's integrity. i'm long so not a basher.
never gamble with money you can't afford to lose. and twtr was a gamble given all the bad numbers. tough lesson to learn the hard way.
my guess is up prior to announcement on short covering. all those shorts will not take the chance of getting creamed at these levels. i think $19 and change is a good place to nibble.
the analysts are all over the map. that tells me that half are going to right and half are going to be wrong. we'll have to wait and see after the first earnings report as a standalone company.