Perhaps the better question is: how low can it go? I am thinking a quick look at the research my brokerage firm provides may give some idea of the actual worth of the company. If, like many of the “fad” stocks, the P/E ratio is still sky high and the valuation way out of whack, I would be looking for more downside. If PTON rolls over to the downside again, call Hubert and his magic FIB tool.
Perhaps the better question is: how low can it go? I am thinking a quick look at the research my brokerage firm provides may give some idea of the actual worth of the company. If, like many of the “fad” stocks, the P/E ratio is still sky high and the valuation way out of whack, I would be looking for more downside. If PTON rolls over to the downside again, call Hubert and his magic FIB tool.