Better tell mommy that you won't ever be moving out.
ROFL, comparing FIT to AAPL is comical. This IS a one trick pony, and they are competing with Apple among others. In addition, these devices are a fad. Ipods were not a fad because people have always liked to listen to music on the go, and they never liked to pay for the music. If you recall, Napster was highly popular when ipod first appeared. Yes, Apple had competition for portable MP3 players, and the competition offered their devices cheaper... however, Apple won out because their device was designed much better.
Is fitbit that much better than the competition that they are going to put the rest of them out of business? Also, have people historically wanted to monitor their steps, sleep, etc? I don't think so...
This company will be gone in 5 years, and no one will buy them out either.
Never short a mature restaurant chain. Sales, income, earnings, everything doesn't matter. All they need to do is buy/build more stores in order to grow, which makes everything else irrelavent.
Well, they didn't downgrade, but they maintained their Underperform rating of the stock,raising the PT for obvious reasons. Now let's see $200.
"Credit Suisse maintains Buffalo Wild Wings (NASDAQ: BWLD) with a Underperform and raises the price target from $158.00 to $170.00 ."
He did it because his big money managers told him to say it to get the stock down to make them money. This game is so rigged, you're better off going to a casino and playing blackjack.
I own BWLD short... it's up 10% after hours after missing eps by 10%, missing revs, and guiding lower.
Anyone notice how expensive chicken wings have gotten? How about all of those minimum wage workers getting automatic raises to $15/hr. That's apparently not an issue at all. Just keep riding the stock higher.
Just goes to show you that fundamentals mean absolutely nothing. I bet it keeps going up tomorrow, over $200. They'll keep pushing it until the shorts capitulate.
Buffalo Wild Wings
Although this stock is not a big options trader, there is a pretty big move (of just under 9 percent) built into the options right now. In addition, implied volatility is at the 78th percentile. While this is not usually a big options trader, Tuesday has seen three times the normal amount of puts and three times the normal amount of calls traded.
They had to explode it higher to get their profits in all those calls they purchased. Then they're buy the puts as they drive it down in the morning...
If you own this, it would be a great idea to sell now...
The corruption has gotten way out of hand!
I have seen them run-up a stock on good earnings with bad guidance, but this is a big miss and bad guidance as well, and it's up 7% after hours. Screw this, I know how this is going to go. I'm loading up on puts in the morning! 2 can play this game!
I guess fundamentals don't matter in any way anymore. This is their third miss in a row, and they're guiding lower. The stock was also overbought coming into the earnings. I swear this is going to get killed tomorrow, but who knows.
They did this to me with SWKS last week, and I panicked and lost out. I am not going to get shaken out again. I'm shorting more at the open tomorrow.
LMAO! I wonder what medical connection they can make that will get insurance companies to buy millions of these. That's their only hope. At this point, I'm not paying 50+ times sales.
I'm not worried about my short position. I am quite certain I will make quite a bit on them. My cost basis is $44.88, so I'm comfortable. I expect a 5-10% swing in the short shares. I am actually hoping we get to $48 at which time I will buy my puts.
Whoops, I'm sorry. I meant that I just have a short position started yesterday. The cost basis is in the high $44's.
Not yet. I just have puts from yesterday. I plan on buying them as we get closer to earnings, but that is going to depend on the market fluctuations. At this point, the market as a whole is oversold, so it would be very stupid to buy puts.