05-05-2021, 11:09 AM
(05-05-2021, 10:55 AM)divmenow Wrote: Wow PTON getting smoked today. They will go out of business in the next several years. This news is bad and will be hard to come back from. They lost all credibility! Customers will be canceling subscriptions. And lets not forget its a big holding of Cathie woods lol. She just bought 150k shares on 4/21Restaurants were a good play but then again so was damn near anything we bought if we held it six months. We are all master stock pickers when the tide is rising. I bought TXRH under 40 and wondered if I was screwing up. I bailed on all restaurants some time ago. Trading above pandemic levels with much more debt and rising wages defies logic. I'm sure they'll have a great summer then reality will set in. Selling TXRH puts was easy money but that play is over for now.
Wish I kept my puts lol
This is indeed a crazy market. Stocks you never saw hitting 52 week highs lol
AA, BAC, CROX, PVH, RUTH, UAA just to name a few.
Restaurant stocks are at near highs. What a run from the lows. Glad I bought TXRH at $46