The Lost Pony Strategy - Update

Here is an updated list of some of the companies that got carpet bombed, run out of the gym and otherwise abused after reporting earnings:

  1. GTLB - Collapse of 40% to the bottom.

  2. PI - Collapse of 39%

  3. NET - Collapse of 32.05%

  4. ENPH - Collapse of 31.93%

  5. AYX - Collapse of 30.45%

  6. MBLY - Collapse of 19.19%

  7. ANET - Collapse of 17.1%

  8. TSLA - Collapse of 16.58%

  9. AXON - Collaspe of 15.05%

  10. MPWR - Collapse of 13.88%

  11. ABNB - Collapse of 13.88%

The question is whether there is a pony under that smelly pile - or not. So…I thought I would see how these companies were doing.

  1. GTLB has climbed up from its low of 26.77 to 30.30 - a gain of +13.18%

  2. PI - has bounced back from its low of 82.47 to 95.91 - a gain of +16.29%.

  3. ENPH - its low was 152.88 and its currently recovered to 161.42 for a solid short term gain of 5.58%.

  4. NET - the low was 40.48 and its currently sitting at 49.21 - thats a really nice short term gain of +21.5%

  5. AYX - bottomed out at 35.48 and closed today at 36.98 for a gain of +4.22%

  6. ANET - closed today at 141.24 after bottoming out at 132.73 for a nice short term gain of +6.41%

  7. MBLY - fell all the way down to 34.82 and closed today at 40.49 for a sweet short term gain of +16.28%

  8. AXON - just got bombed and may not have bottomed. Just like wine, bombed out companies need a day or so to breath. We’ll see.

  9. MPWR - Reached a depth of 401.38 and finished today at 415.98 for a short term gain of +3.63%. Note: MPWR was up another $6 bucks during the After Hours.

  10. TSLA - fell all the way to 153.75 and closed today at 168.54. Gain of +9.61%

  11. ABNB - Just got bombed: see AXON.

Keeping in mind that I am an often confused amateur investor, it appears to me that in the growth stocks we cover we might do well to be just like firemen: run to the blaze. Moreover - maybe my numbers are all jumbled up: wine will do that to you…you know.

Of course a variety of factors may be at play - but, its got me thinking that small TBs in the high growth companies that fall down might be a great strategy - if, one has the heart for it.

For goodness sake please don’t even think of trying this unless you have really analyzed why the company tanked to begin with.

All the Best,


May be need to add Unity U.
Q1 earnings results:

Revs up 56% y/y to $500M, growth margin 67.6%
Customers w/ $100K+ revs up 22% y/y to 1,322

Expect Q2 revs to be min $510M, up 72% y/y,

up 12.94% to $32.46 today, but still down ~33% in 1 year.


Rock solid! And great report in the face of all the headwinds whipping some of the other companies. Looking forward to reading the CC.

All the Besr,

1 Like