Anyone going long WIX?
It’s wild to pull up some of the old 2020–2021 favorites and see where they are now.
CHWY
ADBE
INTU
Z
WIX
Feels like yesterday these were the “must-own” growth names everyone was chasing.
Good reminder: old leaders are not always new leaders. Most of the time, they aren’t.
A stock can still be a great company. It can have a familiar story. It can have a past run that everyone remembers.
But if the price action, relative strength, and trend are broken, nostalgia is not a setup.
The market always rotates. Our job is not to fall in love with yesterday’s winners. It’s to find what is leading now.
