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.
Wednesday, October 30, 2019
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
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.
Watching GoPro, closely, on this dip after guiding their revenue and EPS downward.
Details to come.
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