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