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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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22423606 No.22423606 [Reply] [Original]

Hi all, I kick my self everyday I did not capitalize on shorting GoPro back when it was $90+. It is now 3.75. I knew that GoPro was just a half par camera maker. Never worth $90. It was not a tech company - it was not a social medical company. It was nothing and why wouldn’t the Cannons and Sony’s of the world hop into the market.

I feel positive that Peletron is the same thing. It is a half decent stationary spin bike with a computer monitor strapped to it. It is not a tech- or a social media company. There subscription model service will
Never grow. In my opinion only fools with cash that follow excercise fads are going to buy Peletron. Recent COViD unemployed service workers are not buying a couple thousand dollar bike that does not even move. Only rich fat people are going to buy this excercise fad. And once they quit using the equipment they are going to unsubscribe to the subscription. People that really want results will go to a gym or get a trainer. People that want to experiment this for cheap can get a stationary bike and watch free classes on YouTube and the Internet. There are some many alternatives. You could buy a top of the line spin bike, a large tv, and monthly subscription all cheaper. Every time this stock goes over 95 dollars I plan to short sell it. I am new to options but would also like to find a way to profits off of options as Peletron sinks under 30 bucks to what I hope is 3-10 dollars. Does any one have any thoughts on this stock? Advice on how to do options ?

>> No.22423664

>>22423606
protip:
pandemic = people are not going to gyms
that the products bullshit, agreed entirely
it is however the right bullshit at the right time
short at your peril, I wouldn't

>> No.22423710

Too risky nowadays due to all the consoomer drones brands are super valuable in society see Tesla see GM buying in to Nikola when they literally had nothing but hype.

You run the risk of like Amazon buying them out just for the prestigious brand name to start up a premium home gym segment since the coronavirus probably decimated traditional gyms permanently.

>> No.22423711

>>22423606
>Peletron
You are going to get rekt because you don't even know enough about it to spell it properly

It is "Peleton"

>> No.22423734

>>22423664
what pandemic? You mean the old and sick dying from a flu. Its pure welfare state failure and an attempt to coerce capitalists into communism

>> No.22423770

Peleton would have been a super obvious short without covid. My gym has been closed for 6 months and it's reopening at reduced capacity WITH masks required. I live in the Midwest so 5 months of winter is looming. My gym will be cucked. Outdoor exercise will be cucked too. If I was wealthy or more of a consoomer I would likely be looking at getting a peleton right now. Just based on covid and weather the right time to short would be march-april. I'm not stock market smart enough to know when the right time to short based on price could be.

>> No.22424398
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22424398

>>22423734
>what pandemic? You mean the old and sick dying from a flu. Its pure welfare state failure and an attempt to coerce capitalists into communism