Wow you and all of your alias shorts are getting absolutely SMOKED! I love it and hope it continues until you crawl back under your rock.
It looks like the floor has been established! I don't see a breach of this unless the market decides to take a dump but that scenario will take everything down not just FIT. If your long turn off your phone or computer and enjoy the weekend because the damage is done and there is nothing to do now but wait for rationale investors to enter the arena. Happy Mothers Day!
Apple is NOT at the 2 year low. The 2 year low, split adjusted was $ 80.56 on May 9th 2014. I agree though that $92 is support but if the shorts can breach $92 it could fall to around $88 or so. If it falls to the 2 year low back up the truck because it will be EXTREMELY oversold. How much cash do they have again?
If you are looking for fitness activity tracking the Blaze rates far better than the Watch. The Blaze is also a lot cheaper as has been mentioned before buy as far as functionality if you are a gym rat or someone who only cares about keeping track of your health you will be better served with a Fitbit product not to mention the battery life which is more than twice that of the apple Watch.
Here are some excerpts from a recent comparison between the two.
Fitness tracking is unsurprisingly the Blaze's big play here, and its list of features is a kind of refinement of the company's products to date. It'll track steps, sleep, calories, floors climbed, active time and there's an optical heart rate sensor to deliver resting HR and active time.
In terms of sensors, theres a 3-axis accelerometer, gyro sensor and an altimeter to track elevation. There's no on board GPS, so you'll have to rely on your phone's GPS to track runs and hikes via a feature called ConnectedGPS (a renamed version of the old MobileRun). You do get sleep tracking though and it's done automatically using the accelerometer to detect movement.
The Blaze can also track a whole host of exercises and uses the recently introduced SmartTrack feature to automatically recognise what activities you're doing. This means you'll always get credit for exercise, whether it's that morning walk to the office or gym workout.
Clearly, the Fitbit ecosystem is better geared towards fitness tracking. While Apple's app is decent, the lack of comparison, insights into health trends, resting heart rate data and proper workout recording means it still can't hold a candle to the Fitbit, even if there's little difference in the hardware.
Fitbit Blaze v Apple Watch: Initial verdict
The gulf in price difference alone, even with Apple's entry model indicates that these are two wearables playing in two very different playgrounds.
Fitbit's new design is a welcome change, and for activity tracking fans its focus on fitness is a winner.
I agree this is very irrational trading of this stock. The CEO, Park said that future guidance would be weakened by expenses associated with new product roll out later this Fall. This past quarters earnings were very good. This company has over $3 bucks per share in cash and are making money every quarter. I would not allow uninformed investors or shorts to push me out of this stock. I really didn't expect it to fall hard again today and just bought more at $13. It's tough to hold on days like this but knowing there is nothing wrong with the company does make it a bit easier. Eventually this will pop up on screens as way over sold and the buying will begin. It really should be there now.
Maybe you should dilute that rot gut you're drinking.
Not unusual most of these were automatic.
Timeframe 3 months 12 months
# of Shares Bought 27,004,415 108,116,223
# of Shares Sold 34,888,335 79,231,649
I guess we will find out soon enough! I'm not concerned with day traders who have the attention span of a gnat. I do my research, listen to CC's and invest accordingly. I'm quite content to wait a couple of years as long as management is executing the business plan and making money and FIT is doing both. This market can be very irrational and I just take advantage of the ill informed and buy when they are selling. Just curious if you are so anti FIT mgmt why are you wasting your valuable time here!
The last several years all you "experts" said all Apple had was the iPHONE! I guess you chose to ignore the rest of my post showing a revenue beat while saying "NEW" products are on the way hence the reason for the extra expenses in future quarters. How about 47% of this past quarters revenue came from a NEW product and that was for one month of sales. Get a life and try mutual funds because you obviously don't want to take the time to actually do your own research.
People said the same thing about the iPhone. Are you aware of the new products coming in the Fall just in time for Christmas? It was a better-than-expected quarter for Fitbit: the company beat revenue expectations, with $505.4 million in revenue for the first quarter (which was also a 50 percent year-over-year increase). It also sold 4.8 million devices. To date, Fitbit says it has sold 43 million wearable devices. How about the fact 47 percent of the quarter's revenues came from sales of the NEW Fitbit Blaze fitness watch and Fitbit Alta activity tracker, which is noteworthy when you consider that both of those products were shipping for ONLY about a month in the quarter.
Mark Twain said, "it's better to keep your mouth closed and appear stupid then open it and remove all doubt."
Good luck with that. If FIT falls to $6 the entire market will be in a free fall as well. I don't see this falling much further because they really had a decent quarter. CEO gave questionable outlook because of added costs of several new products coming later in year not because business is not executing. This will rebound once weak kneed investors leave and speculators get scorched once or twice. I'm adding down here, averaging in at different spots. My last limit order for today is at $14 even.
They actually had a pretty good quarter if you are competent enough to understand it. The market seems to be punishing them for guidance next quarter, 10 cents, versus 26 cents expected, but they actually had a pretty good quarter, all things considered. Earnings were 10 cents beating the forecast for 2 cents. Revenues totaled $505 million, topping the estimate for $445 million, with 4.8 million devices sold during the first quarter. Fitbit sees full-year revenues of $2.5 billion to $2.6 billion. Its second-quarter revenue forecast was better than expected, at $575 million versus $530 million expected. No logical reason for this sell off in my book.
AMD posts strong fiscal 2Q16 guidance
In the previous part of the series, we saw that Advanced Micro Devices (AMD) improved its cash position, but the negative cash flows continued to hamper its balance sheet. However, the company expects to start reporting positive free cash flow in 2016.
While Intel (INTC), Micron Technology (MU), and Qualcomm (QCOM) have reported weak guidances, AMD has posted strong guidance for 2Q16. In fact, it expects to report positive revenue during the quarter, breaking its 1.5-year jinx of falling revenue.