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Look particularly at the nasdaq, its up 16 year to date but the wait is what you have to think about. Facebook, apple, amazon, microsoft google are up 13 year to date. So youre seeing overweight in terms of really big companies. Any meaningful downward movement along them is going to result in broader index. Im not optimistic particularly nasdaq because i think its overinflated liquidation there is it too glib to say if vaccine hopes are met with real positive data that technology suffers from a whithering stayathome narrative, or is that too simplistic . Yeah, its a little simplistic, mostly because of the factors that are contributing to the tech growth are multivariant you have this issue of the low Interest Rate environment which is drawing a lot of yield, but you also have the fact that people staying at home use Digital Services more. You look at the streams services a ....
On a secondary Stock Offering by the company. Beyond is on track for its secondworst day ever. Its worst day was back on june 11th, when it went down more than 25 in volatile trade the secondary offer is for 3. 25 million shares 3 million will be sold by current shareholdered while 250,000 will be offered by the company. A regulatory filing chose that Ceo Ethan Brown plans to share more than 38,000 shares which could net him 38. 7 million. Theyll use the proceeds for expanding supply and marketing some believe that could lead to further Short Interest in the stock, because it could cut borrowing rates. But the bulls say the offering could be a positive for the company if the shares end up in sticky hands this as the companys actual results were fairly strong beyond raised its yearly revenue guidance from 210 million to ....