Sep. 11 at 4:35 PM
$TTD here's the problem for TTD: easy to make the case it hasn't declined enough. Comparators:
$MGNI from peak (61) to trough (5.59) = 91% decline
$PUBM from peak (77) to trough (7.65) = 90% decline
$PERI from peak (42.75) to trough (7) = 84% decline
$TTD from peak (141.53) to trough (42.96) = 70% decline.
Fundamentals don't matter. Wall Street wants TTD lower. They want to flush out retail, per usual, before marking up.
