Peloton Now Worth $38 Billion - Weekly Chart

I think Peloton has created a great exercise bike. And some novel new ways to watch workout videos on your phone. It recently hit all-time highs and has been spiking higher. Its market cap is now $38 billion.

I am a fan of technology, growth, and change. But I also know that as a society we have been making exercise bikes for 30+ years. This is not the first exercise bike to hit markets and it won't be the last. Sure they built some subscription models on top of it, but quite frankly, every other bike can do that as well. So can the gyms. So can the apps that track runners.

It will be interesting to watch going forward and the brand is quite strong. Could it go to $60 billion? $100 billion? What's next? I'm not sure, but I would wager that the stock needs to calm down before it rides higher again. I don't have a trade on it yet, but am watching closely. I marked some levels on the chart.
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I shorted with covered puts on Thursday at 135, cost basis is 142 and will add / sell higher until im right on this - wayy too inflated
+1 Reply
scheplick Pholesolus
@Pholesolus, I am interested in doing something similar. I mean, their balance sheet is in good shape and they have some easy catalysts to release any time they please. BUT, it does some slightly out there at the moment and think it has gone too far too fast.
+1 Reply
Pholesolus scheplick
@scheplick, the valuation relative to their growth, margins and TAM are WAY out of whack. They sucked like 4 years of natural valuation growth into one massive rally
BW11 Pholesolus
@Pholesolus, Agreed.. wouldn't touch it at this moment.
I agree this stock needs to calm down here. Frankly it is shocking
Cnbc parent company Comcast have a share in PTON , thus the daily pumps seem to be endless. It has had some cringeworthy mentions, last week it was a no1 media pick on one feature on cnbc. Fomo .
great job
agreed with your idea
Nice work!
I agree with you, but usually after a strong uptrend and when trading sideways it breaks through the sideways uptrend not always after the sideways downtrend
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