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Sanders, Biden and Fitbit +3

12:30 11-Mar-20


Sanders is scheduled to hold a press conference at 1pm.  As discussed here, if he drops out of the race, leaving Biden as the only credible opposition to Trump, I see that as positive for Fitbit's merger.  Although I had hoped in this morning's note for a little more of a drop today, if you're looking for safe and stable, the 18% Fitbit arbitrage may be as good as it gets.