There was an article on line that said doctors need more advanced sensors to tap into the data they need. Fitbit doesn't offer that technology and if it did, it would be offering medical technology that the FDA would have to become involved with. FIT is solely for fitness and recreation tracking.
I thought it was neat when I worked with an arduino and found I could connect the arduino to twitter and to a thermometer and the device would send a tweet to twitter at a programmed temperature . Then IFTTT had a program to scan for the tweet and email me when the temperature was reached.
I am no analyst, but after listening to the forecast of a possible loss actually materializing, shouldn't this stock price at least test the previous low of $400 ? I am please that some believer bought my shares at $470
Aren't flies a good source of protein? Amphibians live off them.
Cramer has plenty of influence, but it's usually a brief price rise before the inevitable downfall. Just look at FIT and CMG. Cramer recommended both, FIT at $30 and CMG at $470
I remember a sports radio guy in Boston talking about apple saying it would go to $1000. Needless to say he got fired from his radio job sometime later after using the radio to try to inflate the stock price.
"Over 70% of Americans Would Buy A Health Tracking Device if Clinically Accurate"
FIT is wearables tech and not meant to be clinically accurate. Nothing wrong with that, but if it were, the FDA would be regulating it. Apparently it isn't reliable enough for doctors to use the data.
Not saying I don't like the stock, but it's no longer the darling of wall street and overpriced. I can wait until December.
Government run healthcare was supposed to supply cost savings. Plenty of companies ask employees to get blood tests . Who knows if the blood tests provide cost savings.
Fundamentals of the accounting data indicate this stock is overpriced. You are waiting for something that may not materialize in the near future.
Plus they seem to have plenty of competition. I see all sorts of ads for these products on TV now.
$18 is too high. $3.5 equity and $2.77 cash /share. this stock is no longer the darling of wall street and is too expensive.
thank you for the post. I read that some analyst thought oil had peaked. One can never tell if they are correct or not.
What made you believe that 12 to 15 was the low price? You did fine, not criticizing. I don't think this stock hits its low yet. I will wait until 12 or lower in December. Only stocks that will withstand market turmoil are stocks like HSY because everyone loves chocolate.
You can usually tell when a stock is a good risk to buy when its price moves below the 200 day moving average, but the price plummetted so much that the 200 day average's accuracy hasn't caught up yet.