Hello Everyone,
A friend of mine told me about PTON 6 months ago. I've brought in at $ 3.75, $ 3, and $ 2. Ever since the earnings came out it's been climbing slowly but surely on relatively low volume. I don't know anything of TA, but to me it seems like the stock price will continue to be increasing for a while, then accelerate when more people notice it moving upwards. I'm also assuming there must be good news ahead which only a few people know, that's why the stock is moving the way it is right now. IMHO, I'm holding for a minimum of $ 4, which I think will happen short-term. I do believe though, it has a good potential to reach the fluctuate in the $ 4 - $ 7 range in the next couple of months. Anyone else get this feeling, or am I being too optimistic ?
Lionel |