What’s happening with Calix (CXL)?
Any thoughts on Calix's price movement? I understand it's a high beta stock but even on positive days, it seems unaffected. Or is the green trade just unwinding? Thank you for your regular informative updates.
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Answer
Hi Nathan,
I believe you’ve answered the question perfectly yourself, the “green trade” after being so hot through 2021/22 is indeed coming off the boil and the high Beta names like CXL are receiving the most attention – we discussed this scenario in Fridays “What Matters Today Report”, our conclusion was that we further falls wouldn’t surprise us.
