Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Readers might remember the astonishing rise and fall of Fitbug (FITB) back in 2014. Riding the fitness wearables craze to perfection, it went from sub a penny to 20p in a matter of weeks before crashing and burning in short order. The shares trade at 0.23p today.
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