That cemented top in this stock at $30. Nothing but downhill from here on the AAPL copycat Blaze. CEO Park blowing out his shares to cash out millions while "investors" are left holding the bag.
I agree. What evidence to support the "bullish" upgrade is beyond me. Nothing positive has come out over the holidays and sales were probably not great. Everyone that wanted one of these has one already so this is nothing more than another institution trying to pump and dump to salvage something from an imploding company and stock price.
I endorse this PT. Earnings will show the true devastation the E-coli contamination has had on the business. It could take a year for same store sales to rise again.
As a retail investor, if you are holding this because you think you will get some lucky bailout buyout from apple on sheep herder Cramer or any other CNBC talking head you are fooling yourself. Why would Apple do that when they can just copy and make it better for oh maybe 1/20th of the cost to them. If Apple was so foolish with there cash they wouldn't be Apple.
Only "the big boys" who got the shares here initially at $17-$19 are up on this, no retail investor is even close to break even. Maybe someone will buy this when it gets to the low teens but more competition will come just like all the GPRO fools thought there was no fad there and knock offs from China for 1/3 of the cost.
Don't be the bag holder, I am trying to help save you money just like Carl Ichan is warning of the high yield melt down.
Who gave me a thumbs down? Listen to what the great investors tell you, If insiders are selling you should too. I'm not going to argue with history, only a few rare instances do stocks outperform if insiders unload. FB being the exception.
Can't wait to see how many people return the POS Charge HR gift they got. Look at all the problems people are having in the "FitBit Community" help form. Buy at the open retail sheep just to sell into CEO's automatic sale program loser.
I called the end of Coal and Iron ore long before the went bankrupt. I called the top in all the IPO's and I am telling you that WFT will be Bankrupt before this time next year. They wanted to buy the HAL assets for 1.1B but couldn't do it, they have nothing going for them other than maintaining operations with shrinking margins until the cash flow (which is close) can no longer service the Debt.
Buy Buy WFT
Macau is pretty much a ghost town now and this LasVegas traffic is turning down. High US dollar killed all tourism and domestic travel is down. Long term is still down for WYNN regardless how many shares ol Stevie picks up.
Your talking about guidance with those numbers and yes they are forecasting a flat Q4 due to the dismal sports camera market(GPRO), I'm not disputing that. I said the growth rate to this point was amazing but in order for that to pick up again they need to decouple from GPRO which they are slowly doing through Police Camera wearables, drones, security camera's and even the lower end sports camera market (Xiomi)
QoQ revenue up 41.9%, 9month end YoY up 61.7%. Amazing growth. Guidance is a light mirky but it always is. GPRO is really the issue here but sooner or later the decoupling will take shape and it will be back up.