Meet the worst performing industry in the bear market

업데이트됨

This chart shows RingCentral, Bandwidth, and Twilio. I have actually wrote about Twilio a few times because its sell-off has been especially pronounced.

In some respects, Twilio is one of the poster childs of the recent bear market mania among high flying tech names.

Nonetheless, not that I am a knife catcher all that much, but more-so the extent of this crash in communication and tech companies that have become essential tools in all digital aspects of life, it's hard to ignore a sector like this. I partly think the sell-off is as intense as it is because no one actually knows what these companies do!

A quick background on what they do...

When Zoom connects video & voice calls, there's a company working behind the scenes to ensure those communications are running as smoothly as possible.

When Apple sends you a two-factor text message to secure your account, there's a company working behind the scenes to connect that information.

When an internal team conducts a conference call on their private network or in the office, there's a product behind the scenes connecting all of them.

When someone calls a customer support line, and gets routed based on the information they need, there's a company working behind the scenes to connect that information.

These companies are largely responsible for the majority of that infrastructure. Without them, the connectivity among apps, calls, texts, emails, and notifications would be a fraction of what it is today. Our capabilities would be greatly reduced.

Nevertheless, it's hard for me to ignore these companies and these industries from RNG to TWLO and BAND.

I bought a small chunk of BAND recently and that's my full disclosure. I'll sell the trade at a loss if it goes back below $13.50 and I'll take gains if it goes back to $28.00 per share (the recent highs - possible double top formation).

So with that being said, those are my thoughts currently...

액티브 트레이드