Hubert Senters here.

Let’s take a look at Poton also known as Peloton also known as an expensive way to hang your clothes on.

It’s probably setting in your bedroom that you say you’re going to use and you never use it.

And now they came out and say they’re going to have to decrease the price of their very expensive bucks and their subscription plan to entice new customers. So it’s not going to be good for Peloton.

So how do we take advantage of that? First off, it had one heck of a room during the covid and it’s been a nice upward momentum trade.

And nothing goes straight up nothing goes straight down. There’s always cycles and business cycles and stuff like that.

And they’re in a competitive business because they’re going to have a lot more competitors just kind of market shares away from them.

So you’ve got a gap down situation here on Friday. I’m doing this video at about 9:53 in the morning.

Potential gap is already established for today. Now, these ranges might change. Above $109 would be a long to fill the gap below $102.

You’re probably going to go back down here and re-visit the AD area overtime. So if you are long Poton or Peloton or how are you going to say that thing.

Then you might want to tighten up rachet your stop a little tighter. You might even want to short this creature so pay attention to it.

I’m going to be doing a special webinar on The Mother Of All Bubbles. I am of the opinion that we’re going to get a pretty good correction anywhere from 15 to 30 percent.

And it could be as bad as 50 percent. Hopefully, I don’t get that far. I’m going to show you how you can potentially buy the dip, sell the selloff and then buy at a potential lower point.

We call it a triple dip because you’re dipping once, twice and then three times. This will be the last time I’m ever doing this live webinar presentation this month.

It’s going to be Tuesday, August 31st at 12PM EST so noon. When I say this is the last time ever going to do it this month it’s because it’s the last month last day of the month of August.

So I’ll probably do it some more in the future because I think we’re going to be doing a nice pullback within this next 6 months.

I’m obviously going to do it in the future but if you want to be ahead of the crowd and figure out how I’m going to do it and then my plan I’m going to share that with you.

And I’ll meet you there Tuesday, August 31st for the last time ever in August at noon EST. You guys know how to opt in.

Good luck. Hope it helps. See yo on the next video.

Hubert.