I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern to Tech Check. I'm Carl Kintania with Deirdreboza and John Fort.

Today, did last week's rally signal a bottom? Why one of Wall Street's top strategist says the selling is not over.

But what about a new plan? We get a new buyout this morning

following a cratering and software evaluations. Does that signal a buy? And then Chanos,

revealing this new short position why he says coin isn't in Coinbase's future. We're going to

start with the rally, though, that we've seen for the NASDAG gaining more than 8% last week,

best week since November 2020.

So should investors be buying that dip? Was that it?

Toma Bravo see some value in one software name, buying anna plan for nearly $11 billion.

No shortage of bearish arguments, though. A headline in the journal this morning reads,

sorry investors you can't buy the dip anymore, arguing the Fed is now too big a risk.

Key questions for investors, where's the next ANA plan?

Is it safe to buy some beaten down tech?

And was last week's bounce?

Real, John, fascinating dynamic, especially as some of these software names are getting a second look.

True, true, Carl.

I still think it looks to me like it's risky to look for the

next ANA plan, and here's why. Tomo Bravo is willing to pay around 11 times revenue for ANA plan.

It's kind of a high-quality asset here. They think they can put it together with some other

things and show some real growth down the line. Private equity up to this point has tended to

pay around eight times revenue, right? So this is an unusual situation where PE was willing to

pay more. It's also rather expensive. So what about all the other expensive stuff out there that

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