PTON - Peloton Drops 23+ After Hours

[JamesSierra]

I actually looked at it today thinking about buying a put. Kinda late now lol. I know overnight gaps can be bad, but yea didn't know they could be that bad.

 

[RedSun]

DOT COM #2 AGAIN.

 

[GotherL]

You got a lot to learn.

That was an earnings miss. Which is why the puts were more expensive than usual.

Would've paid off but ER's are always a gamble.

 

[Handle123]

Head and Shoulders at top in January and July, they did well last year during Covid, but now.... twenty bucks here we come? When you check out the competitors, PTON is 3rd from bottom.

PTON - Peloton Interactive Stock Competitors - Barchart.com

 

[maxinger]

what a beautiful chart.
quite a beautiful descending trend line & descending triangle
with 81 as support.

will 81 support hold?

 

[newwurldmn]

what a beautiful chart.
quite a beautiful descending trend line & descending triangle
with 81 as support.

will 81 support hold?

it was at 60 when you wrote this so my guess is no.

 

[zdreg]

Head and Shoulders at top in January and July, they did well last year during Covid, but now.... twenty bucks here we come? When you check out the competitors, PTON is 3rd from bottom.

PTON - Peloton Interactive Stock Competitors - Barchart.com

The list is useless. Nearly all names on that list are not competitors of PTON.

 

[zdreg]

Granted the blow off top of a mature mkt is pure insanity - this is like 1999 on steroids.

re: historical rally
Japan was the mother of all rallies. the Japan Stock Market Index (JP225) reached an all time high of 38957.44 in December of 1989.
In 1983 it was at 7584 before going up 5x
followed by80% loss. Index bottomed at 7854 in Dec. 2002.

 

[vanzandt]

Another 100+ point rally on the NQ tonight - the herd only cares about interest rates & the Fed has spiked the punch bowel with Heroin - its panic buying/FOMO by the dumb $ at this point.

Amazon missed earnings by a wide margin & guided down - yet we have one largest rallies in history, all the crowd cares about is the Feds Heroin of low interest rates & printing to infinity.

Granted the blow off top of a mature mkt is pure insanity - this is like 1999 on steroids.

Ahhhh, it'll just creep back down. I don't think there'll be some kind of violent multi-day pullback. I can't see any catalysts for that right now. There's always a geopolitical risk I guess, but even at that, despite the fear-mongers regarding Taiwan, China's just blowing smoke, they're not gonna do anything. The real wildcard would be in the Middle East and hopefully between us and Israel, we have a handle intel-wise on that. Anything else will just be a btfd event.

Draw a 12% channel on the Naz and S&P, put the top about 1.5% above where we're at now as a worse case, that should put the bottom near the October lows. All things being equal, we'll stay in that channel for awhile.

 

[maxinger]

it was at 60 when you wrote this so my guess is no.

I have a lousy free chart.

OK. now I can see the price is 60.

There must be many happy traders laughing all the way to the banks.