chongkim74

chongkim74
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  • Fitbit: Crushing Blow?  [View article]
    NOrth Korea blowing shit up underground is kind of routine for them…its been happening 3 or 4 times already every 2-4 years. Stock market is affected by this…I do not expect the fear to last long..HOLD on guys…with any stock you feel long term is good…Don't give up when you feel u see the bottom..God bless..
    Jan 6, 2016. 09:41 AM | 2 Likes Like |Link to Comment
  • Here Is Why Bank Of America's Stock Is Still A Steal  [View article]
    Buy BAC at these levels….period.
    Jan 6, 2016. 09:38 AM | Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Stan, I for one appreciate honest not selfish reasoning opinions here…no offense taken. No need to admit ur mistake either..Take care.
    Jan 6, 2016. 09:36 AM | Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Sorry, I must insist and disagree with u on this stock..This stock has more room to run. Well see, Stan. Guess your word is correct and I have a mental issue...Thanks for sharing your opinion and I hope you're sincere as I am…Best of luck.
    Jan 6, 2016. 09:30 AM | Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    I invest my time to show my due diligence here because I truly care for this crazy unreliable all for themselves community in SA. I believe there are retail investors like me who are looking for honest opinions here…and not for opinions that benefit only the people who say it…Not here to brainwash others…you're right, Stan…my comments dont mean squat with the movement of the stocks..I expect people here to do the same for me…do their due diligence and share their honest knowledge to the readers here and not to promote their pockets.
    Jan 6, 2016. 09:23 AM | Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    That would be the easy way out…I honestly think it is overblown. Previous law suits for FIT didn't go nowhere…their disclosure and customer agreement is ironclad…the legal process will be long and costly for the plaintiff…the huge internal sale of stocks couple months ago may or MAY not be because the investors thought the new fit product will go bunk without market launch data…3 SUPPOSEDLY bad news hit the same day…not one of them is proven to be costly besides skittish investors..Im holding on to this one a little longer..
    Jan 6, 2016. 09:18 AM | 1 Like Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    I studied almost all the lawsuit cases slapped to FIT since its conception. Ive also studied overnight all the other fitness tracker class lawsuits and this is what Ive discovered…the worst case scenario was for them to give partial or full refund. Full refund is offered by a lot of companies including FIT. Ive read FIT disclaimer/agreement and Ive read over the plaintiff side of class lawsuit for inaccurate HR reading. Its going to take a lot of money and a lot of effort for them to win this in court where the actual plaintiff should realize not much is coming back after all that court work such as expert witness etc, and its arbitration and not judgement procedure…no class lawsuit is allowed…etc…its pretty much iron clad, as you can expect from a type of market company that is easy to be attacked…GUYS…Im putting my $ where my mouth is and see how far this stock will go down. I believe the market overreacted with the same time event of UA trackers, FIT new product response without product launch, and the lawsuit. There are suspects of internal investors leaving couple months ago but there are other investors are still on board…HOLD…and I pray that I am correct for all of us who will HOLD!
    Jan 6, 2016. 09:14 AM | Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Dude..Im holding. Its done..Stayed up all night for this..Lets do it. I will at least leave with some dignity and some of my $$ back..not waving white flag just yet.
    Jan 6, 2016. 09:12 AM | 1 Like Like |Link to Comment
  • Fitbit: Crushing Blow?  [View article]
    Ive studied almost all the lawsuit cases slapped to FIT since its conception. Ive also studied overnight all the other fitness tracker class lawsuits and this is what Ive discovered…the worst case scenario was for them to give partial or full refund. Full refund is offered by a lot of companies including FIT. Ive read FIT disclaimer/agreement and Ive read over the plaintiff side of class lawsuit for inaccurate HR reading. Its going to take a lot of money and a lot of effort for them to win this in court where the actual plaintiff should realize not much is coming back after all that court work, and its arbitration and not judgement procedure…no class lawsuit is allowed…etc…its pretty much iron clad, as you can expect from a type of market company that is easy to be attacked…GUYS…Im putting my $ where my mouth is and see how far this stock will go down. I believe the market overreacted with the same time event of UA trackers, FIT new product response without product launch, and the lawsuit. There are suspects of internal investors leaving couple months ago but there are other investors are still on board…HOLD…and I pray that I am correct for all of us who will HOLD!
    Jan 6, 2016. 09:00 AM | 7 Likes Like |Link to Comment
  • Fitbit: Crushing Blow?  [View article]
    Ive read the plaintiff's side concerning their rationale to class lawsuit FIT. Ive also read the disclaimer/agreement that FIT discloses. Ive asked my wife who's an attorney to see her side of the two positions.

    FITs got a ironclad disclaimer/agreement with the customer, including no class lawsuit. The plaintiff may have a case to go for, but this mess will be fought long time from now and won't be settled until much later.

    The new 200$ product has not been out yet the company stock dropped way under its value. I was debating until 7:59pm today to see if I should sell before tomorrow…

    Ive decided to hold.
    Jan 5, 2016. 08:44 PM | 3 Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Plus FIT applies to both iOS & Andriod softwares...
    Jan 5, 2016. 06:16 PM | 1 Like Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    OK…so here are the downers and the drivers for FIT:

    Downers:
    UA entering the wearable market;
    the new product announcement;
    and finally, the class law suit concerning the accuracy of heart rate…

    Drivers:
    So we got the fitbit app as the top downloaded app of wearables after Christmas;
    stellar sales report from the retailers during the Christmas season;
    5 days of battery life;
    $200 price range;
    logistic/distribution/... capability
    undervalued stock price
    Jan 5, 2016. 06:14 PM | Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Piper Jaffray analyst Erinn Murphy came out to defend Fitbit (NYSE: FIT) which is down 11.8% after announcing the new Blaze model at CES.

    Murphy commented: "We just left Fitbit's press conference, hosted in conjunction with CES, where we watched CEO James Park and Chief Revenue Officer Wood Scal unveil Fitbit's latest product--Fitbit Blaze. We demoed the Blaze product and came away impressed by the product and the balance the company has struck between price point and functionality. Following the press conference, we spoke with management on its vision for the product. Below we unpack why we think the stock is selling off, but the bottom line is this sell-off appears overdone. We are buyers on the weakness. We believe FIT had a strong holiday and see the addition of the Blaze as the net positive to ASPs and potential upside to our FY16 estimates. The Blaze is set to retail at $199.99, with 5 days of battery life, and is set to launch globally in March although product is available for pre-order starting tomorrow."

    On why the stock sold off, the analyst opined: "Despite the compelling price point, the superior battery life of the Fitbit blaze, the shorts are pressing FIT today on the news. We think this in part tied to three reasons: 1) there was no pre-announcement regarding Q4 trends; 2) the product was similar to the Apple Watch in some respects and shorts believe FIT & AAPL cannot co-exist--particularly if FIT goes into the "smartwatch" arena; and 3) there were concerns around overall price point implications for the suite of product given the Surge is at $250. From our perspective, the Blaze has a solid balance between battery life, the price point & strong global distribution. Additionally, FIT is compatible with over 200 devices and Android & iOS platforms. FIT's retail partners have seen the Blaze & we think it has been well received thus far. We think R&D teams have been working on Blaze for the last 2 years."

    They are buyers on the weakness and believe Blaze will lift overall ASPs in 2016.

    The firm maintained an Overweight rating and price target of $60.00

    For an analyst ratings summary and ratings history on Fitbit click here. For more ratings news on Fitbit click here.

    Shares of Fitbit closed at $29.76 yesterday.
    Jan 5, 2016. 06:06 PM | 1 Like Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Im going to wait for tomorrow…by after hour volume, it seems like a better day.
    Jan 5, 2016. 05:59 PM | Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    http://bit.ly/1VGrWVd
    Jan 5, 2016. 05:55 PM | Likes Like |Link to Comment
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