PTON - Peloton

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Dec 2, 2019.

  1. Syynik

    Syynik Well-Known Member

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    Nice chart if it heads back up to the 170 range after a second bounce....
     
  2. jonebone

    jonebone Member

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    I really like this one but haven't taken a position yet. Initially I was thinking $120 as an entry then tech sell off scared me. At that point I saw $100 and was targeting $80. Been watching several weeks now and just deciding when, not if.

    I will say that PTON is extremely popular. I'd compare it to the Wii of gaming, let me explain. Nintendo Wii was a concept that was gimmicky for the true-gamers, but appeals to casuals and conquered a ton of market share that didn't really exist. PTON quite similar... the hardcore gym guys will still choose the gym (I rather get my 4 days there myself), but the wives / covid scared / "wanna lose 10 pounds" crew love this thing.

    The downside was potential returning to gyms but I see that as priced in now. Other risk is tech sector being too high overall, but we've pulled back some there too. One last risk is that there are so many units out there that a secondary market is starting to establish for used. Yet PTON is built on subscription services too, and if you pay $2k for a piece of equipment then you'll likely continue the membership. Downside is that used sales can eat into PTON new equipment sales, but supposedly the lead time is about 2 months on hardware so the used stuff is selling near new prices actually. I don't see it as eating into the new sales segment as much as you would think.

    Overall I do like this one long term as a hold, I'm just stubbornly trying to time a good entry.
     
  3. Syynik

    Syynik Well-Known Member

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    :rofl::rofl::rofl: I. Love. This.
     
  4. StockJock-e

    StockJock-e Brew Master
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    PTON lucked out by being in the right place at the right time.

    The concern is obviously once gyms are all opened back up and spin classes are back, how many people are buying these bikes?
     
  5. StockJock-e

    StockJock-e Brew Master
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    Up above $120, buyers coming back in here
     
  6. jonebone

    jonebone Member

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    Glad I did jump in with about $5k worth of shares around $104. May add to the position on a pullback. My target would be to hold to at least $200 and buy more on any dips. Really love this stock both fundamentally and technically on the pullback levels. This stock should have still been going up from $180 and the pullback to $100 was a perfect opportunity otherwise I never would have had a chance to get in.
     
    T0rm3nted likes this.
  7. StockJock-e

    StockJock-e Brew Master
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    Gyms opening more :D
     
  8. leonx81

    leonx81 Well-Known Member

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  9. StockJock-e

    StockJock-e Brew Master
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    Post pandemic watchlist.

    What does PTON have in store for us now that life returns to normal?
     
  10. ddebrazza

    ddebrazza Active Member

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    I am not sure but at 117.24 on 6/23 seems like a very good price to jump in. 150$+ eoy seems very reasonable and realistic
     
  11. StockJock-e

    StockJock-e Brew Master
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    Pretty good move here over the past two days.

    I thought this was done, but it seems it has more to go.
     
  12. jonebone

    jonebone Member

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    I thought it was done too, exited my 3/4 month position around even last week before the bounce the past two days. I see a high probability of $80 and wouldn't think about playing again unless I get an entry there.
     

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