The Dirty Dozen group of securities was created on October 7th and I’ll be tracking its progress on a monthly basis by posting on the 7th of each month. Market cap will be the measurement for gains and losses.
Three month returns:
Puma Biotech (PBYI) $112M (-57%)
Brightcove (BCOV) $411M (-14%)
Sierra Wireless (SWIR) $646M (9%)
Shift Tech (SFT) $243M (-58%)
Perion (PERI) $959M (31%)
Viant Tech (DSP) $532M (-45%)
PubMatic (PUBM) $1.4B (17%)
fuboTV (FUBO) $2.2B (-37%)
Magnite (MGNI) $2.1B (-43%)
SunPower (SPWR) $3.3B (-23%)
DoubleVerify (DV) $4.6B (-13%)
AppLovin (APP) $30.7B (-2%)
Dirty Dozen Three Month Average Return: -20%
“But a pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street — a community in which quality control is not prized — will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.” -Warren Buffet