No i said that oil was down even with the weak dollar friday. My point was that if the dollar was up friday we would of had more price erosion. Oil trades on the world markets but each countries purchase power depends on the strength of their currency. Since we are trading in the US our ETF's are affected by our dollar. Lately everyone has been saying oil is down because of the dollar but friday showed that there was more than currency at work here. $45.00 held today but i doubt it will hold and i am still sticking with my original call of a retest of the lows of the year. GL2ALL
I am up in the air but i know that the funds will be extrapolating it out knowing the Xmas holiday quarter will be the best of the year, This is what pushed GPRO up into the 90's which was another great ride i enjoyed Gl2ALL
Thats a good question but i don't think they are so exposed that a weak number from china would hurt FIT that much. I am sure by now china is copying all of Fits products GL2ALL
I never believe anything i read anywhere. With oil and NG i don't think anybody can really know since the market is constantly changing. The US government needs to free up the US producers to be able to sell overseas. This would atleast let the US to move some of their product onto the free market which would give the companies a bigger revenue stream.
I guess your basing this on Hope and prayer? We have a long ways to go before we even break a dollar but it is in the right sector to eventually reach some of your lofty goals GL2ALL
Most analyst don't understand any company that doesn't fit inside the usual wall st box. At one time i remember hearing the same thing about Apple when the Phone came out. "Just a fad" Now that is the biggest area of growth for the company and accounts for most of their profits. After earnings we could see a pullback as profit taking steps in, It happen with GPRO and than almost as fast as it dropped, It went back up. I trade around a core position and don't have any plans on selling those shares because FITs best quarter is still ahead, After that it will all depend on the companies ability to grow out new product lines GL2ALL
Thanks for re posting that. every year i buy a few speck trades, So far this year i have bought AMDA @ .25 and NETE @ .18 & .22 The reason NETE is so interesting besides it's own growth possibilities is that fact that this would be a great fit for a number of companies looking to adding a payment option to their own web site or to add to their existing customer base. I can see either scenario playing out over the next year so lets hope we get in before all the news finally breaks GL2ALL.
What made yesterdays move even deeper was the dollar was also down. I am still sticking with my test the old low. We are in oversold conditions short term so i took some of my DWTI profits but i don't see any major rebound but maybe yesterdays high.I did sell my DGAZ to soon to capitalize on yesterday rise GL2ALL
I bought this yesterday on the volume spike and the fact that i think this could be bought out by some company looking to enter this industry. The one company that comes to mind is BABA This would be a cheap way for them to add a instant pay system for their already large customer base. I am always on the look out for a good speck play that i can drop some profits into and let it ride. I do agree we need to form a base right here without giving up yesterday lows before we go higher. I dont like to see a parabolic move since those are usually followed by a complete sell off, GL2ALL
It trades on the NASDAQ so yes it does, These shares tend to have a wide spread with the bid ask in the after hours GL2ALL
Read a chart? The thing has been trading less than two months?
With energy i tend to trade more than invest so what i do is sell some and hold some. Very seldom do i buy or sell all at the same time. It is basically trading around the core position. The key is to bank profits and adjust the trade as you go. Oil is still in a downtrend with small spikes as we go. I think we are going to retest the old low at some point. If we do get a rate hike in Sept that should be the catalyst to raise the dollar and push oil down to that range.
I agree, every time i check Fitbit is the biggest seller hands down. Lately wall st has been paying up for growth so those sales will really have an affect on the share price after earnings, Another point is the Xmas season will be the best quarter so that will also be in the back of the large funds minds. I think we will see a hike in share price after earning but i also will be buying should we see some profit taking GL2ALL
It is not looking good. What a difference a day makes. i was holding calls which you can imagine how those are doing. Who knows maybe we will get a rebound GL2ALL
Anyone who makes investment decisions based on anything they have read off a message board should not be investing anyways. The recent news was an opportunity for those who missed the first run to get back in cheap. I always trade around a core position and hold 50,000 shares thru the swings. It is a great way to lower cost while making money in a long position. I have posted before that i didn't expect much till late 2015-early 2016. Once we get approval this will go straight to the IPO price and beyond. Just check out SYK Their products are very similar. GL2ALL
50.20 after the CC before the call i think it could be all over the place. I have been checking around and every store i have talked to says the FIT Bit products sell more than all the others combined. What makes this report so important is The market will use it to extrapolate out the holiday numbers. I will add no matter what it ends up i will add if it drops but i am holding thru the holidays GL2ALL