Do you think that yesterday & todays “bounce” is mainly short covering?! Or is it majority longs getting back in?
If valuation is still key, then I see no reason why companies who have slowdown in ARPU or user growth with negative GAAP FCF & EPS to be bouncing…inflation still an issue, and futures rates will still rise, in addition to a balance sheet reduction starting next month. 🤷🏾♂️
(Don’t get me wrong, I like Green Days, especially leading up to, or right after the weekend)