Wednesday, October 30, 2019

OUT of FIT at 5.70

It started dropping like a stone so locked in profits on spec stake.
There is likely news that an offer has been made, lower than the 6ish market price that traded today.
Officially + 57% so I left a little on the table today. Certainly great for a 27 day holding period though.
No longer a position.

Fitbit (FIT $6.20) brick wall at $7

Fit will have real problems with 7 so I'll be looking to book profits soon. +71% in less than a month's time is too much to pass up. No action yet but may pull the chocks soon.


Monday, October 28, 2019

Fitbit (FIT 5.46) +50% since purchase

I'd suspected that a purchase would eventually happen. I noted Facebook and Twitter but failed to mention Google and it sounds like they may be interested:
https://www.cnbc.com/2019/10/28/google-parent-alphabet-is-in-talks-to-buy-smartwatch-maker-fitbit-reuters-reports.html

Thursday, October 3, 2019

FIT $3.63

Into spec stake (25% of full position) of FIT at $3.63.
Watching GoPro, closely, on this dip after guiding their revenue and EPS downward.
Details to come.