Peloton Interactive Inc - Class A

After last quarter, Peloton reduced guidance meaningfully, missed expectations, and said they wouldn't need capital for "some time."

"Some time" turned out to be a couple of weeks.

Back on December 14th @pat_connolly, Ross Klein, and I sat down to talk about $PTON. Ross brought up these concerns and pointed out that we have to call into Peloton management's ability as capital allocators. And even though Peloton was down 50%+ at the time, there were still a lot of short term concerns.

Turns out he was ahead of the game. Definitely nailed that call. 40 second video clip here:

[https://twitter.com/NathanWorden/status/1484229956368359425?s=20](https://twitter.com/NathanWorden/status/1484229956368359425?s=20)


![](https://cdn.commonstock.com/1fd102a013dad6ec0fba4f14349ff290ba84647aff9cfacd1bbcb41d05e8baeb-3422x2116.png)

“@RKleinCFA was ahead of the game on $PTON
This clip is from Dec. 14th⤵ https://t.co/x0UzrjJoAq”

https://twitter.com/NathanWorden/status/1484229956368359425?s=20

Nathan Worden on Twitter

Peloton Concerns

This member is verified by the Commonstock team based on their contributions to the Commonstock community. 

Verified Member

This member connected a brokerage account and is sharing trades and portfolio performance with the community. 

Public Portfolio

Nathan Worden

Pat Connolly

Illumina Inc

This is the second day in a row where there is a single outlier winner in the S&P 500. Is that normal? Yesterday it was Moderna, today it is $ILMN, up about 17%.

Illumina is up big today because Barclays at long last relented on its pessimism, removed its sell rating, and upgraded the shares to equalweight. Also, there was rumors that Illumina is going to try and get into long-read sequencing, like PacBio (Illumina currently specializes in short read sequencing)

![](https://cdn.commonstock.com/22e72aa19db55b15e333f7fdf99695a4e757479f3f9fb23ac150b47973b79a13-2484x1476.png?w=704&fit=max)

Winner of the day: Illumina

Andy Buchanan

Robinhood Markets Inc - Class A

That’s my quant!

@robinhoodapp **$HOOD** 

![image](https://cdn.commonstock.com/06160faba0d7160a85d591b3323a252d79de40449ca5c015dc0e02c3017d27cb-1242x1723.png)


Sufi

Moderna Inc

$MRNA up about 8%
![](https://cdn.commonstock.com/9c2f523c96f28443a8e8bda7d2c89e03563aebc8d7e16539ad26ea839b0e6764-2462x1468.png)

At least Moderna is having a good day

Soluna Holdings Inc

I read [@pat_connolly](https://commonstock.com/pat_connolly)'s [memo and watched the referenced video](https://share.commonstock.com/8ut692Hy1kb) a couple of days ago. Did some further research and bought a starter position in Soluna $SLNH.

Not Solana (the crypto). [Soluna Holdings](https://www.solunacomputing.com/slnh/?gclid=Cj0KCQiAsqOMBhDFARIsAFBTN3dOyglPBIgGqPN28Rqhfwm7mw-RdoUtULfyjitKhsqPgBxJP7WfLOEaAjcgEALw_wcB), (a company).

They operates modular data centers that eliminate wasted energy and deliver revenue to renewable energy producers. (They do this primarily by mining bitcoin).

Up 17% since I bought it, but am planning to hold it for at least a year. (Maybe even add to it if we hit a down cycle in Bitcoin and all the miners drop.)

Here's the memo:
[https://share.commonstock.com/8ut692Hy1kb](https://share.commonstock.com/8ut692Hy1kb)

![](https://cdn.commonstock.com/527d474dcc7bbbd17d2ef769bd89ff5c1bb948f41c33fb1df1a13a81c267c27e-1200x600.png?w=704&fit=max)

Yesterday I had the pleasure to hop on a call with @nathanworden ,Ross Klein (CIO of ChangeBridge Capital),and David Bastian (Twitter @ kingdomcapadv ) as we s…

https://share.commonstock.com/8ut692Hy1kb

Pat Connolly posted Meeting with the CEO of $SLNH

https://www.solunacomputing.com/slnh/?gclid=Cj0KCQiAsqOMBhDFARIsAFBTN3dOyglPBIgGqPN28Rqhfwm7mw-RdoUtULfyjitKhsqPgBxJP7WfLOEaAjcgEALw_wcB

MKTY is now SLNH

Commonstock is Full of Alpha

New position in SLNH

No chips, no crypto, no semiconductors, no chips. Exposure to semiconductors is diversified (safer) exposure to crypto. Change my mind.

(Or agree with me, but please do it fiercely 😄)