We just finished 3 weeks of the Tour De France. People stuck at home watching the TEEVEE have seen nothing but PELETON on the top of the screen for those 21 stages, and the announcers talking about the peleton. That should equate into increased sales for the holiday starting now, because somehow people will = peleton in a bike race with the exercise bike brand.
But you've forgotten that the stock market is ridiculous. Once you remember that, everything will seem ordinary to you. A big mistake anyone who trades equities can make is to think prices of "hot" stocks have something to do with reality. They don't. They have to do with our perception of reality.* Flip your brain breaker to off. Buy the stocks the tribe buys; sell the stocks they sell. It is a tough game to try and figure out what the tribe will do next. Those few who can do it more often than not, do well. __________________________ *It is not impossible for perception and reality to coincide. I just can't think of an example right now.
PTON is still in an uptrend; Higher highs; higher lows. Pretty violent swings but the trend line is intact.
too many mistakes! PTON investors got hit hard today ---> PTON investors who invested PTON few months ago profited massively. In fact, their investment appreciated by 3 times.