A reverse of the classic 2021 thread: Pitch a publicly traded company which: 1. Has at least $10 billion of market cap 2. Will decline 90% from current (not peak!) prices First pick to -90% wins, ties go to earlier post. I'll pick something tasteful but thematic as a prize.
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Contest participants have not covered themselves in glory: the best pick so far, LULU, is only down 55%. The average short is +21%, and the count-weighted average is +28%. Twitter user picks averaged +22%, while Woko Haram over at Bluesky fared much better at only +5%.
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@quantian1 To be fair, I think $LULU is the 4th best possible pick in a universe of ~800 contest eligible names? And the only one down >60% is a bit of a specialist name.
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@Upper20sStCap SRPT would have won the contest already! I know biotech people who traffic in the name on here.
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@joelgombiner a lot of people, yourself included, picked names that would have been amazing for a -50% contest but were terrible for a -90% one. I'm shocked at how underrepresented leveraged financials were, for instance.
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