Could PTON be a merger target?

Here's what I think…

‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   Good Morning! Peloton Interactive, Inc. (NASDAQ: PTON) announced a partnership with TikTok yesterday…    And while it might sound like just another fluffy press release by an almost penny stock company — I think it could have legs…    Maybe not the news, but the company in general. It has some things going for it. And it might offer a strategy you want to try…    Here's my take on why I think PTON would make a great merger target, how you could trade it if it was, and what I think about a potential play right now…   Stay on top of the hottest plays in the market in our free training sessions — the next one starts here. Sponsored WHAT?!!? There's no time to waste.   Click below to see what I revealed live on camera in this interview. Could PTON Be a Merger Target? I've never liked this strategy personally, but it doesn't mean it's not valid…    There are a million ways to trade in the market, and this is one of them…    In my morning webinar yesterday I explained it to members … the idea behind a takeover arbitrage.     It involves buying shares of two companies that are set to merge.    Now, PTON doesn't have merger news yet … But I'm getting to why I think it'd be a good target…    In my opinion, PTON is the number one takeover arbitrage stock of 2024.   The company is run terribly — it might be run by the dumbest people in business.   But they have an amazing product.    To compare PTON to a real estate deal — it's like the most terrible, run-down fixer-upper in the hottest, best neighborhood in the country.    Those deals don't come around very often, so you have to be patient…    But think about if Apple Inc. (NASDAQ: AAPL), Alphabet Inc. (NASDAQ: GOOGL), or Meta Platforms, Inc. (NASDAQ: META) bought the company…    And integrated workouts with Apple watch, phones, social media, or even Meta's VR headsets.    These big companies have a ton of cash — buying PTON would be like $20 to you and me.    And it might not be that far off…  Right now I'm speculating ... But I do have a Peloton bike and I love it.    But we have to wait for some merger news for that play.    Until then, here's what I think about a PTON trade after the TikTok news…    The stock rejected right around the Oracle resistance level of $6.32…    There's also resistance on the daily chart around $6.50 to $6.60.    So I would wait to enter this stock on a multi-month breakout over those levels. From there it could retest the recent highs around $10.  PTON chart: 6-month, daily candle — courtesy of StocksToTrade.com It's a beaten-down chart so it has the potential to run if volume keeps up and shorts get squeezed.    But don't forget about all the low-float squeezers we're seeing right now.    Stay on top of all the hot plays, the pattern to trade them, and the crucial tools every trader needs — it's all covered in our free training sessions.    Sign up for the next one here.    Have a great day everyone. See you back here tomorrow.    Tim Bohen Lead Trainer, StocksToTrade Sponsored Great Trade Ideas. No Hassle. For $0 you can get access to one daily stock picked directly from StocksToTrade's algo-powered system.   Recently, this algo-system alerted Omega Therapeutics, Inc. (NASDAQ: OMGA) which gained 20% from our price alert.    Not bad for a free alert!  Sign up & get the next 🔥alert sent directly to your phone Sponsored ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. To The Moon Report Weekly Stock & Crypto Watchlist   Recommended Membership Gifts   Click Here to Unsubscribe   (As an Amazon Associate, we earn from qualifying purchases.)   13809 Research Boulevard, Suite 500, Austin, TX 78750   **Tim Bohen teaches skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our Earning Claims Disclosure   About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. 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