1) $PTON has turned bearish. A few days ago I was agnostic; now, were I trading this, I would have gone short this name two days ago. Extended trendline (thin line) shows busted horizontal and trendline support & trading under 50 day moving average. 
https://twitter.com/peregreine/status/1361808255551492098
2) Now that's just the chart look. The insider sales for $PTON since just last December (and especially in the past 10 days) tell you a story, and it is not bullish. Every time an insider vests options, they turn around and sell their shares. I don't see bullish buys here:
3) Be aware of product delays (chip shortages are real), and Buy Now Pay Later - although that is off-loaded to the firm Affirm (IIRC). Then, insider sales, and competition. $NLS and $LULU are not asleep during this exercise from home quarantine.
4) To me, this "moat" appears to be slowly evaporating. And with Insider sales hitting before the earnings report, somebody, well entrenched, knows something. Formerly agnostic, now bearish on $PTON doesn't mean I hate you longs. It just means, yeah, I'll trade this for scalps.
5) I.E., I'll trade this long side when a base appears, but I don't see that yet. And if I trade it long again, I'll NOT take gains in underlying. So, please, if you're long, don't try to engage with me. (The worst $PTON fanbois on Twitter bore the piss out of me.)
6) That said, if you're trading this short, be sure to watch that cliff this thing fell off. A few well-placed earnings upgrades could fire the grappling hooks over that $145 ledge, right? But for now, monitor to see if this freefalls down to $110ish horizontal.
7) This short thread is just to show you how I don't "fall in love" with stocks. I was looking for a breakout this week, but when it came it faded in 15 minutes, and now, after seeing the chart and looking at insider action, I'm bearish on this name. That's all.
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