PTON investors got hit hard today.

[Jack1960]

its a freaking exercise bike. This market is sooo frothed up and sooo brand hypothesized. I know people are at home with lockdown but you have a selection of many bikes out there. Plus, some people prefer Stairmasters, some prefer the many walking treadmills. Can you wear your $129 lulumon pants on the $2,500 Peloton? Its all freaking ridiculous. How can a exercise bike company that sells each bike for $2000 not be profitable??? and the shares are trading at nine times trailing revenue???

I remember when Soul Cycle was going to IPO and we were all drooling over the short prospects "not that very long ago". (that was before the magic always up bull market). All of the soul cycle founders were named Karen. One of the Karens (Julie Rice) went on to center stage at WeWork..lol. That takes us full circle back to Softbank (six degrees of separation). You cant make this stuff up in guys.

You know we are at a market top when Buffet buys a company called "Snow Flake". I got a feeling we will find some amazing short opportunities soon to come. Stay thirsty my friends.

 

[Cuddles]

Just a PSA on who you're taking investment advice from:

 

[derektrader]

PTON was a factual post and so were the posts you just displayed. All factual.

 

[Overnight]

its a freaking exercise bike. This market is sooo frothed up and sooo brand hypothesized. I know people are at home with lockdown but you have a selection of many bikes out there...

We just finished 3 weeks of the Tour De France. People stuck at home watching the TEEVEE have seen nothing but PELETON on the top of the screen for those 21 stages, and the announcers talking about the peleton.

That should equate into increased sales for the holiday starting now, because somehow people will = peleton in a bike race with the exercise bike brand.

 

[Cuddles]

PTON was a factual post and so were the posts you just displayed. All factual.

and you're just a clown, that's factual too

 

[piezoe]

its a freaking exercise bike. This market is sooo frothed up and sooo brand hypothesized. I know people are at home with lockdown but you have a selection of many bikes out there. Plus, some people prefer Stairmasters, some prefer the many walking treadmills. Can you wear your $129 lulumon pants on the $2,500 Peloton? Its all freaking ridiculous. How can a exercise bike company that sells each bike for $2000 not be profitable??? and the shares are trading at nine times trailing revenue???

I remember when Soul Cycle was going to IPO and we were all drooling over the short prospects "not that very long ago". (that was before the magic always up bull market). All of the soul cycle founders were named Karen. One of the Karens (Julie Rice) went on to center stage at WeWork..lol. That takes us full circle back to Softbank (six degrees of separation). You cant make this stuff up in guys.

You know we are at a market top when Buffet buys a company called "Snow Flake". I got a feeling we will find some amazing short opportunities soon to come. Stay thirsty my friends.

But you've forgotten that the stock market is ridiculous. Once you remember that, everything will seem ordinary to you. A big mistake anyone who trades equities can make is to think prices of "hot" stocks have something to do with reality. They don't. They have to do with our perception of reality.* Flip your brain breaker to off. Buy the stocks the tribe buys; sell the stocks they sell. It is a tough game to try and figure out what the tribe will do next. Those few who can do it more often than not, do well.
__________________________
*It is not impossible for perception and reality to coincide. I just can't think of an example right now.

 

[deaddog]

PTON is still in an uptrend; Higher highs; higher lows.

Pretty violent swings but the trend line is intact.

 

[maxinger]

too many mistakes!

PTON investors got hit hard today
--->
PTON investors who invested PTON few months ago
profited massively.
In fact, their investment appreciated by 3 times.

 

[Amun Ra]

and you're just a clown, that's factual too

That's racist.