Fitbit surged after Salesforce.com (CRM)'s CEO bought 5.3 percent in the company. Fad over or not, the stock looks good at these levels. Historically, Fitbit has eight years of growth behind it, profitable for the last five and is leading the wearables market. Wearable devices are still new, and the only useful thing about it is health tracking. VR is another possibility but it is complicated. Fitbit is easy to understand. Its products are affordable. P/E is higher than a value stock, but the company's positive momentum makes the stock worth it. As for GoPro (GPRO), there's no value there but GoPro probably will not fall further, either.