Unfortunately, my first post back for a while isn't a happy one.

I could not have been more wrong. [https://commonstock.com/memo/03e3a191-1aaf-4c6a-bc4d-32246e595888](https://commonstock.com/memo/03e3a191-1aaf-4c6a-bc4d-32246e595888)

Peloton has been falling faster than a drunk on a mountain bike. Several headwinds have crippled the company and the day of reckoning has finally come.

John Foley is stepping down and cutting the workforce as rumored sale talks are heating up. All these actions are likely leading to a buyout within the next few weeks.

Two big lessons here:
1. Knowing when to buy is a skill. Too bad that doesn't matter unless you also know when to sell. I sold half my PTON position around $100, after buying at $55, but still, hold the other half of the position.
2. It's okay to be wrong. It's not okay If you don't learn anything from it.

Peloton won't go away, but it may be swallow by someone else.

My stationary bike holding value has not been so stationary 📉 

Jensen Butler

Peloton Fire + 2 Big lessons

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