FIT has always been drowning in competition. Maybe 20 head-on competitors. Yes, I use my Iphone for the same purpose. I bashed FIT from the day it went public. Perfect example of a niche company that should never have IPO'd.
I have nothing against the fitbit product. It's just a dumb stock.
I'm sticking with my IPO-day prediction that they'll be giving away similar products in five years as favors at kids' birthday parties. We are about 2 1/2 years away from that date now. They could probably make an excellent basic wrist pedometer now for less than $5.
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