Even with NASDAQ plunging 1,100 points today, the market breath was not convincing. On the NYSE, the decline/advancer ratio was just over 2 to 1 and on NASDAQ it was just over 3 to 1. We haven’t seen a blow-out day since like 2022 where decliners lead advancers by 10 to 1 or more. That used to happen a few times a year. Maybe it will never happen again, but I doubt it.
I was up for the week until today. I ended down 2.4% and am now up 10.1% for the year.
I bought more PLTK today as it back down to just below where I initially bought it and nothing has changed. Still profitable and still pursuing “strategic alternatives”. At just 6X EBITDA, less net debt this is worth about $5.75 a share.
LE looks OK to buy here too. Earnings are next week.
PERI is cheaper than ever trading at $.38 over its net cash and on track to make over $1 a share this year.