UK 21:52 Saturday, 24 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
Having seen its shares rocket in a ramparoonie special from 0.375p prior to a 22nd October announcement that “the US retail chain Target Corporation and UK supermarket J Sainsbury plc will stock Fitbug products in their wearables ranges from November 2014” to approaching 8p, Fitbug (FITB) has updated that, noting the recent move in its share price, it “wishes to announce that it continues to trade in line with the board's expectations” before a couple of hours later seemingly being made to further announce that “it knows of no reason for the move in its share price other than its agreements with Target Corporation and J Sainsbury plc to stock Fitbug products in their stores”. Now at 6.22p, capitalising the company at £10.5 million, what is the outlook from here?
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Comments
John ☠ The Tax Collector ☠ Zacchaeus
outright short because no one buys inferior products which don’t work properly.
David Russell
Me and my lad both bought into fitbug sub 1p. I sold out to early around 4p but my lad made a killing on his out lay of £4k he his 22 years old. . We am not sure if it will drop back to sub 1p but they have invested a lot in the foundations of the business but for us we have already put are money into a safer bet with a lot more upside for us.(Not a Supermarket or a Gold mine or oil well in someone’s back garden).
Castlewolf_22
As with all AIM super-risers. wait till it settles on it’s new ridiculous high….watch it fall a bit as profits are taken when the rise has stalled, then short on for a most definite fallback as the dilution takes over
John ☠ The Tax Collector ☠ Zacchaeus
terrible company. this is typical AIM pump and dump. see you back at 1p.
mr_ochs
Great work from you and your son David. My mate invested £500 yesterday and sold for £790 on the same day – made him very happy. He realised it was just a gamble.
wildrides
For all you less experienced share shifters reading the above comments ……..Dont try this at home ! UNLESS you know the pattern of the play very well , you have live pricing and preferably level 2 screens and you can sit and watch it all day . If it continues day after day then expect to hit trouble on the forth .
day . Dont ride a spike on 15 minute delayed data .Ever .
Ignore this and you will get spiked out and / or lose your shirt or end up in a lobster pot until the end of time . Sooner rather than later . Dont think if you did it once successfully you are immune to the wrath of the market . Riding spikes is high risk ……very high risk for the inexperienced . You wont believe how quick it can go down again at times and how hard it is to get your sell order executed once the price goes off the cliff edge.
David Russell
I defo sold my shares to early. Cannot believe its gone from less than a penny to were it is today. My lad said be happy with my return. I am but wish I had waited.:(