so this is what a pump and dump looks like
FIT
- Thread starter recession2016
- Start date
glorified pedometers for >$100? it probably costs them less than $5 to make these things. when more chinese enter the wearable market, they'd be forced to drop their prices and their revenues will only go down.
you cannot compare apple watch to the fitbit as the technology that goes into these things are completely different. apple watches are mini computers strapped to your wrist whereas the fitibits are only cheap plastic pedometers with sensors
the barrier entry to these devices are extremely low. any Chinese electronics manufacturer can start selling these at <$20 a piece.
SELL
you cannot compare apple watch to the fitbit as the technology that goes into these things are completely different. apple watches are mini computers strapped to your wrist whereas the fitibits are only cheap plastic pedometers with sensors
the barrier entry to these devices are extremely low. any Chinese electronics manufacturer can start selling these at <$20 a piece.
SELL
I think the only people who SELL FIT are short. All long are hold their FIT shares until the last.
$FIT closed up 1.1% on Monday, on 46% of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, its oversold condition may remain that way and should be discounted.
$FIT if today market behaves, I think we can have another runner here. Like the look on tape. $45-47 doable.
Conferences send stocks down, just like spectacular ER beats . The market is not looking so good today. Bearish for today.
$FIT is trying to form a base in the $43’s. FIT is a buy below $40