Rumored Amazon Acquisition Shakes Markets and We’ll Ride the After Shocks
Interesting rumors hit the markets this weekend. Pelaton Interactive Inc (Nasdaq: PTON), the fitness tech company made infamous during the pandemic, may be picking out a buyer over the next few weeks. Story goes, Apple Inc (Nasdaq: AAPL), Amazon.com Inc (Nasdaq: AMZN), and NIKE Inc (NYSE: NKE) may be on the short list.
True or not, the very idea drove shares of PTON through the roof – I’m talking a whopping 31%. But you know what they say: what goes up, must come down…
And we’re going to catch it as it falls.
Here’s today’s play. This one is two steps, you follow these instructions closely.
- Buy $50 worth of PTON shares at market price today.
- Wait until PTON announces earnings at 5:00 pm EST. If the stock drops due to low earnings, buy another $50 worth of PTON.
Like I said in the video, this could be like catching a falling knife, so be careful out there.