Bounce play opportunity on Pton (Peloton Interactive)
Updated
I was originally really bearish on Pton but when i saw that CMCSA had stake. it might be a fun play now.
"Comcast reports 19.1% passive stake in Peloton Comcast (CMCSA, CMCSK) reported a 19.1% passive stake in Peloton (PTON), which represents over 10.34M shares. The filing does not allow for activism."
Read more at:
thefly.com/landingPageNews.php?id=3033779
Entry 26.60
target 28.00
stoploss 25.60
"Comcast reports 19.1% passive stake in Peloton Comcast (CMCSA, CMCSK) reported a 19.1% passive stake in Peloton (PTON), which represents over 10.34M shares. The filing does not allow for activism."
Read more at:
thefly.com/landingPageNews.php?id=3033779
Entry 26.60
target 28.00
stoploss 25.60
Trade closed: target reached
close position here if you still have it.it hit my stoploss but i picked up some calls.
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