Fitbit's crash. Any ideas?

[Steve Alexander]

I wonder if $FIT CEO Park even realizes that his co. stock has absolutely destroyed American investors & their families in a big way. so sad

C'mon! Stock does not destroy anyone or anything. People who are stupid enough to invest in a company producing one product, a product which is of questionable value in the first place, lost some money. That's all. That didn't "absolutely destroy American investors and their families." Those people destroyed themselves. If it weren't in FIT, it would have been in some other "flash in the pan" idea.

As for where the stock will go from here, down, down, down. The only way it will get back to $50, or $40, or $30, is if they find another product to sell. If you bought it at any of those prices, you should have sold long ago.

 

[Bekim]

Most likely will go sideways in till next earnings. You would sell ATM puts and if assigned sell ATM calls

 

[Lloyd W. Coutee]

this was a great buy at 9 the other day. I got in right at the halt. funny how a fake buyout can bring the needed attention.

C'mon! Stock does not destroy anyone or anything. People who are stupid enough to invest in a company producing one product, a product which is of questionable value in the first place, lost some money. That's all. That didn't "absolutely destroy American investors and their families." Those people destroyed themselves. If it weren't in FIT, it would have been in some other "flash in the pan" idea.

As for where the stock will go from here, down, down, down. The only way it will get back to $50, or $40, or $30, is if they find another product to sell. If you bought it at any of those prices, you should have sold long ago.