$PTON 6 month 4 hr chart. I could be biased being long the stock but the ER seems to be misunderstood. Lower guidance compared to previous ER is due to timing of the recognition where they recognize upon delivery and they was rolled over to Q1 vs earlier recognition in Q2 due to improvement in logistics. If smoothed out, the guidance would not be a lower. Keep in mind that heavy volume in down days could be selling or also buying the dip volume. Stone ridge investment reported 6% stake.