Short Roblox Into Hell

Problems at Roblox (RBLX)

Roblox (NYSE: RBLX — $38.3 billion) is a platform for children generally between six and fourteen to play online. It is also the leading platform for pedophiles.

H/T: Short Shopping. There's a chart of RBLX there. It has no support in my opinion, too new to have established any.

More Screen Results

I took the 52-week low condition off and added a one-month minimum loss of 10 percent. Produced a list of 77 stocks. The best looking ones that I haven't posted already are below. To reiterate the theme of the weekend, all of this junk is still well above fundamental valuation. It doesn't matter if it is down 40 percent already, it is going to suffer a couple more 40 percent losses before bottoming out. The question for the next week is whether the headline indexes start catching down to this stuff or of this stuff bounces. The market has always bounced before, but the carnage beneath the hood in the Nasdaq is screaming bear market. I've included more IPOs, mostly 2020 and 2021 vintage. The three most common themes that I see are biotech, recent IPOs, and ARK holdings.