MOMO Stocks: "Escalator Up, Express Elevator Down"
After plunging 30% after hours, F5 Networks is just the latest "story" stock confirming that companies that melt up on nothing but hype and hopium, take the escalator up, and the express elevator down. We can't wait to hear how Cramer explains the complete wipe out in all of his favorite names today.
Ridiculous yearlong meltup.
And the afterhours session. Where is the validation? Absolutely no conviction at the valuation floor.
Below is a list of the company's momo holders. Of note are Sands, Neuberger Lehman and Kingdon all of whom established their positions in the latest quarter.
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