$PTON Just to put this out there for you bulls pissing on the bears. At the current valuation, PTON needs to generate about $30,000 per subscriber. They average about $6,600 per subscriber before they quit. If you're betting on them going higher, you're betting on them being more than 100% successful at replacing all gyms. They would need to get a bike to almost every gym goer in America or seriously penetrate EU and China. Then again, no one gives a fuck about fundamentals in this market.