It is easy for me to say because I sold PTON back in early January when I saw some selling going on (large blocks)...but, I am actually looking to see a buying opportunity today if the stocks dips below a $1.00. There is a remote chance that the stock will not move today, though I believe the gamblers who came in on speculation on Tuesday will sell right away (someone bought a big block at 1.43). They bought at a higher price thinking they would get a spurt from decent earnings, well no decent earnings=sell, sell, sell. Anyway, if I bought in at a price of 1.50 or lower, I would sell, take my losses and look at going after something else (unless you are majorly invested, which I would then advise to hold onto one more quarter and wait for some news or better earnings). This stock will have moments of rising, then, just as fast go down...the gradual rise that would signify a turnaround could still be a few years away or never...my two cents!
The Mentz |
