Fitbit Inc fka FIT

[MarkusT]

I am a buyer of Fitbit Inc (NYSE:FIT) into year end as tax loss selling has kept the stock deflated while the markets are at all-time highs. Obviously, the tax loss selling ends at the end of the year. This $7.50 level is a great entry with huge upside of almost 100% to $13.00, likely achieved in January. As the stock jumps it will cause shorts to cover, creating a short squeeze. This will help it get to $13.00 in January in my opinion.