We’ve seen an orderly transition out of momo stocks and into old man stocks this week. It started off grande, continuing the decadence of last week — but ended miserably, with many stocks down between 10-30% in just a few days.
Here are some sell offs that have caught my attention.
NEW -29%
HUYA -26%
BILI-23%
SOGO -21%
CBLK -24%
ZUO -19%
SMAR -19%
APPN -16%
OSTK -13%
GRUB -9%
Any dip buyers out there?
On the upside are the old men.
KR +14%
CVS +7%
WBA +6%
CPB +4%
KHC +4%
TR +4%
If you consider big oil old man stocks as I do, throw XOM CVX RDS et al in there too
BILI has AIDS
BILI is fine
adding TAP and PZZA