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So his investment is a small bet on a massive rebound.
Tobias Levkovich, chief U.S. equity strategist at Citi, compared the sector's journey to the plunge tech stocks took from their highs of 2000 to their lows in 2002, followed by a massive rebound in 2003, pointing out that the mid-2000s were unimpressive for the sector as it struggled to regain a solid footing and investor confidence.
Hoenig based this theory on the fact that shortly after "I Am Furious (Yellow)", which satirizes the dot-com bubble, aired, the dotcom stocks "began a massive rebound from bear-market lows".
Similar(57)
Richards then served up a massive drive to Mitch Moreland, but it landed foul, and Richards rebounded to strike him out.
Argentina has rebounded from a foot-and-mouth disease alert last year to mount a massive marketing campaign aimed at enhancing its exports to Europe and Asia.
A massive, massive presence.
She has a massive, massive serve.
And a massive ass".
A massive experiment.
A massive name.
What a massive business.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com