Another one to short. $45 as I type. Wearable fitness monitors represent a HUGE part of their revenue. This segment is cooling off. Fitbit... ahhhhh.... it might go up from here, but I think Garmin's a short. Way too much competition. Its had a nice run, albeit down from the all-time highs. It'll see the $30's soon enough. jmho.
You forget that fitbit is targeting a trend which came and soon goes. Millennials who feel it's hip to wear a fitness band. Garmin and Suunto are targeting the serious athletes and professionals. Those are people who don't just buy a watch today but never again. Garmin built a lasting ecosystem around its fitness watches that users commit to and stay with. You also forget that fitness trackers is not the only business of Garmin. I have no clue where the stock is heading to (and neither does anyone else) the but your line of reasoning is pretty weak imho.
And lord knows professional athletes comprise millions and millions worldwide, and that number grows daily. The only thing growing more than those numbers are the production of civilian aircraft demanding their avionics and fishing boats. "But GEE WALLY ....Conduit on ET said it was a bad trade... and he's ALWAYS right." Go away stalker. I gotta figure out the IGNORE function here. This guy's a loser. Here ya go monkey boy.
Yaaaaaaay............. I figured out the ignore function. So Cuntdoit ..... when you post your childish retort...which there is no way your lower IQ can stop from doing..... make sure you cut and post all my "racist threads"... Oh you can't can ya.... lmao.... A racist hippie (that produces rock and rap music). yeah thats me. I only go to Klan meetings at night. Bye Bye loser. Have a nice life in whatever shit-hole country you reside. Hillary has your back though. ♫AMERICA ROCKS♫
You marked his post a "like" but are not sure what he is talking about? I think he was talking about a multi day/week trade.
VC.... no,... more like over earnings. I think they report 7/27 but I'll check. Same with KMX. I think both of these ran up into OE yesterday. They should start trending down now. How long to hold and how to play.... lol, depends on how aggressive one is. I do feel confident that they have seen their near term highs. ( KMX is tricky though, I don't trust that one. I could be wrong on it. They seem to have deep pockets) GRMN however, is a safe bet and I think they go down from here. IMO. As always, do some DD before you jump. I will be doing more DD myself and will post the findings. Its that whole wearable segment and the fact that it represents 27% plus of their revenue that I feel is the weak link here. Marine and aviation segments should come in as planned for them. More to follow on this one.