Replies to post #1015 on Fitbit Inc fka FIT

[Picks77]

I purchased next weeks $10 puts to cover my butt.

[bar1080]

"Fitbit forecasts dismal holiday quarter, shares sink"

"Wearable fitness device maker Fitbit Inc's (FIT.N) revenue forecast for the key-holiday shopping quarter fell well below of analysts' estimates, hurt by soft demand and production issues related to its new Flex 2 wristband.

Shares of the company, which also reported lower-than-expected quarterly revenue, plummeted more than 30 percent in extended trading on Wednesday and were set to hit record-low levels on Thursday."

http://www.reuters.com/article/us-fitbit-inc-results-idUSKBN12X2I3?il=0

[magness]

Be careful, 'cause it's gonna go even deeper from now.