Stocks with extreme valuations have taken a serious haircut since the space peaked on February 22nd.

The average stock in the Russell 3,000 is already up 5.24% year-to-date after just four trading days. And to think, major indices were down ~1% on the first trading day of the year this past Monday.

Sea Limited a global consumer internet company, snapped right back, ramping 3.57, or 7.29% on Wednesday, to 52.52, just 6 cents off the session and multi-week high at 52.58, on 5.5 million shares traded. If it gets to 52 1/2, targets are 55-60.