PTON Update

١٢ أغسطس ٢٠٢٢

Well, the new CEO is doing what I said needed to be done. Huge cost cutting moves instead of wishful projections on user numbers like the previous CEO.

Short interest declining on the short squeeze, I think it's setting for for an inverted H&S pattern. Long term I'm still bearish and I think they go bankrupt, but it's gonna take a lot longer now that they have a CEO with some business sense.

Problem is, nobody's buying these things. I don't know anyone that's bought one in the past year. Doesn;t mean you can short the stock though, a lot of stocks went up on complete crap earnings like W, RBLX, etc

١٢ أغسطس ٢٠٢٢

ملاحظة

No position. just posting this because my followers know I always short PTON, lol.

No play here until after earnings, around $20. For longs with balls and patience, that's a 50% return so I'm actually bullish on this PoS.

١٥ أغسطس ٢٠٢٢

ملاحظة

LOL, I get bullish on this PoS and it goes red. This is why i don;t go long on garbage stocks.

Probably a bear trap though.

١٥ أغسطس ٢٠٢٢

ملاحظة

Looking pretty bullish now but PTON has a tendency to fill gaps and there's one below at $11.10. Definitely not going long until it fills that gap.

١٥ أغسطس ٢٠٢٢

ملاحظة

MFI very overbought on the daily chart

١٦ أغسطس ٢٠٢٢

ملاحظة

PTON isn;t strong enough to move against the market, looks bearish here if it breaks yesterday's support and has that gap to fill at $11.1

١٦ أغسطس ٢٠٢٢

ملاحظة

LOL, as soon as the market turned around it went pumptarded. Short squeeze is still on.