Jump to content

What are you buying today?


LowIQinvestor

Recommended Posts

  • Replies 6.8k
  • Created
  • Last Reply

Top Posters In This Topic

Covered a Tesla short.  I do not have diamond hands.

 

It's fascinating to watch my own psychology, fighting the urge to cover my (miniscule) TSLA short. I had no problem with the paper loss when the stock hit $890. Now that I have a small gain (a smaller total amount than the previous paper loss), I am tempted to cover, even though my thesis was that the stock would pull back at least to the $500-550 range at some point.

 

What's wrong with taking a profit now? With this small trade it doesn't matter, but getting into the habit of tolerating large downside (in terms of P/L), but not allowing the upside to play out, seems like a bad strategy overall.

 

Damn, covered my small TSLA short, too, at $611. So hard to hold a meme stock short. Average sale price was $779.

Link to comment
Share on other sites

Some names starting to look interesting - I do feel we have another leg down unfortunately.

 

I think we get a bounce the next couple days, and then a final leg down.

 

Today felt like mini-capitulation

 

 

Link to comment
Share on other sites

PTON - starting a position here in mid 90s after the steep fall. $4b fw revenue run rate, 40% margin profile, $28b MCap so not as bad a multiple now. Demand >> Supply, able to sell everything they make. Lots of optionality around accessories, apparel and subscriptions (as the blades) with the bike/tread just like a razor (and they make margins on the razor too). Global product and not specific to just the US. It's becoming part of culture now - people falling in love with their digital avatar instructor (some articles around that), AirBnBs and Hotels put them as a perk on their premises. Pay later business models making them affordable for mass consumers (Affirm is the largest source of biz). People using them for 20+ days a month shows the stickiness.  Like the risk/reward.

Link to comment
Share on other sites

PTON - starting a position here in mid 90s after the steep fall. $4b fw revenue run rate, 40% margin profile, $28b MCap so not as bad a multiple now. Demand >> Supply, able to sell everything they make. Lots of optionality around accessories, apparel and subscriptions (as the blades) with the bike/tread just like a razor (and they make margins on the razor too). Global product and not specific to just the US. It's becoming part of culture now - people falling in love with their digital avatar instructor (some articles around that), AirBnBs and Hotels put them as a perk on their premises. Pay later business models making them affordable for mass consumers (Affirm is the largest source of biz). People using them for 20+ days a month shows the stickiness.  Like the risk/reward.

 

Buena suerte. Lots of air still in this bubble.

Link to comment
Share on other sites

PTON - starting a position here in mid 90s after the steep fall. $4b fw revenue run rate, 40% margin profile, $28b MCap so not as bad a multiple now. Demand >> Supply, able to sell everything they make. Lots of optionality around accessories, apparel and subscriptions (as the blades) with the bike/tread just like a razor (and they make margins on the razor too). Global product and not specific to just the US. It's becoming part of culture now - people falling in love with their digital avatar instructor (some articles around that), AirBnBs and Hotels put them as a perk on their premises. Pay later business models making them affordable for mass consumers (Affirm is the largest source of biz). People using them for 20+ days a month shows the stickiness.  Like the risk/reward.

 

Buena suerte. Lots of air still in this bubble.

 

Indeed. It went up a lot and now down a lot because thats what bubbles do. The fundamentals probably arent relevant until $50 a share. Although $100 maybe be a support level cause its a nice round number and thats the type of thing retail investors predicate their shizz on. Kind like how RICK hit a wall at $69!

 

In other news. Shorted some PSTH Jan 2022 $20 puts for ~$3.50, also cranked out some June $22.50s for ~2.50

 

Long live spac alpha.

Link to comment
Share on other sites

PTON - starting a position here in mid 90s after the steep fall. $4b fw revenue run rate, 40% margin profile, $28b MCap so not as bad a multiple now. Demand >> Supply, able to sell everything they make. Lots of optionality around accessories, apparel and subscriptions (as the blades) with the bike/tread just like a razor (and they make margins on the razor too). Global product and not specific to just the US. It's becoming part of culture now - people falling in love with their digital avatar instructor (some articles around that), AirBnBs and Hotels put them as a perk on their premises. Pay later business models making them affordable for mass consumers (Affirm is the largest source of biz). People using them for 20+ days a month shows the stickiness.  Like the risk/reward.

 

Buena suerte. Lots of air still in this bubble.

 

And that’s how we make the market. Gracias amigo

Link to comment
Share on other sites

PTON - starting a position here in mid 90s after the steep fall. $4b fw revenue run rate, 40% margin profile, $28b MCap so not as bad a multiple now. Demand >> Supply, able to sell everything they make. Lots of optionality around accessories, apparel and subscriptions (as the blades) with the bike/tread just like a razor (and they make margins on the razor too). Global product and not specific to just the US. It's becoming part of culture now - people falling in love with their digital avatar instructor (some articles around that), AirBnBs and Hotels put them as a perk on their premises. Pay later business models making them affordable for mass consumers (Affirm is the largest source of biz). People using them for 20+ days a month shows the stickiness.  Like the risk/reward.

 

Buena suerte. Lots of air still in this bubble.

 

Indeed. It went up a lot and now down a lot because thats what bubbles do. The fundamentals probably arent relevant until $50 a share. Although $100 maybe be a support level cause its a nice round number and thats the type of thing retail investors predicate their shizz on. Kind like how RICK hit a wall at $69!

 

In other news. Shorted some PSTH Jan 2022 $20 puts for ~$3.50, also cranked out some June $22.50s for ~2.50

 

Long live spac alpha.

 

Welcome back Gregmal.  It's nice to see you here again.  Apparently you were missed, as evidenced by the "Save Gregmal" thread:)

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now



×
×
  • Create New...