this stupid itch lol. can't believe i used to follow her trades. clutchfans buys OPEN not Z! https://seekingalpha.com/news/37639...s-zillow-and-has-rallied-over-past-four-weeks Wood revealed in her daily voluntary disclosure of trades that she bought Zillow shares as they fell more than 9% Tuesday. Wood bolstered ARKK's position to 2.85% of the portfolio. However, the move has yet to work out so far, as Z lost another 18.7% as of t 11:15 a.m. ET Wednesday.
Same. I was following her for a while (didn't buy anything just because she did) but trying to see what she was doing and why...... But then I realized she was just another pumper. she made money in the greatest bull market ever and now she is some sort of stock market wizard. let's see how her fund does the next 5 years.
she buys growth stocks in a bull market, like any similar fund it will do ok. but it'll include stupid stuff like buying the dip on WKHS then selling it even lower when it turns out they may even end up insolvent by next year. She has a team of full time analysts but their DD doesn't seem very thorough.
just my guess, perhaps attributable to Fed chair J Powell's message in an hour about the Fed's tapering efforts to lessen its purchases of T Notes
imo just apps being apps. last earnings was the same, good results, tanked from $67 to $47, then rose from $47 to $92 despite no news about changes to the biz. all this in 3 months between earnings. just crazy volatile for reasons beyond me. sold a naked Dec $70 strike put for $5 premium. happy to take allocation and hold at that price. if anything fundamentals have improved since last earnings.
FWIW, the chart for SGEN, a biotech co that develops and commercializes therapies for the treatment of cancer in the United States and internationally. says CWH formation in the making
Cathie Wood backtracks her steps on Zillow and dumps shares Cathie Wood and her flagship exchange traded fund ARK Innovation ETF (NYSEARCA:ARKK) made an about-face move on Wednesday and dumped over 2.85M shares of Zillow (NASDAQ:Z) (NASDAQ:ZG), according to ARK’s daily trade records. The move comes after Tuesday’s purchase of 288K shares of Zillow. Wood and her team looked to purchase the dip as the stock’s price dropped more than 9% on Tuesday. https://seekingalpha.com/news/3764770-cathie-wood-backtracks-her-steps-on-zillow-and-dumps-shares retail investors make bets that don't work out all the time, often due to unexpected events or information asymmetry; what's egregious about her zillow and wkhs buys is that info on the flaws in their businesses were already public info for awhile now, and pointed out by ordinary people on social media. how do you build a biz with negative gross margins on your product?
It's coming. I think this gets to $20 perhaps by spring. $25-30 a year from now. I'll likey sell before then though.
ETSY believers eating GOOD todayyyyyy. Long-term conviction on ETSY is paying off. Meanwhile. Pure boredom-r****d-gamble play OPEN is wap'n. Thx! Lulz.
Yeah ETSY has a future I believe. I should have gotten in during 2020. The retail landscape has a future for certain things. While many of the home furnishing type ETSY items and what people think are unique makes them well positioned. I even got my son's room all hooked up with a Harden and Pulisic framed art along with these ball holders (holding 2 soccer balls and 2 bballs and black realistic basketball hoop. all from pottery barn teen. looking 10 times better then anything I ever had when I was a kid.
ETSY has an identity. Now.... they just need to add NFT sales to monetize the fairy dust money, and we'll REALLY be cooking.
thank god i bought calls as well at today's open. Nov calls up 150%, Jan calls up 85%. if earnings are good next week, boom!
what's going on here? should i buy? raised some cash cutting strugglers. if they can't perform on a day when NET hits ath of 115 price to sales(!!), they prob gonna stay down for awhile lol.
TIMBER-ing ! should the fall continues, TA suggests that it'd fall below the 20 dma---having already broken down the upper trading channel today--- to a level between this range [621 (38% retracement) / 617 (50 dma)] and 609 (the high for Sept)
next ERS will be 1 Dec a doji bounced off the 50 dma, just broke thru 20 dma on the way up sold another bullish PUT spread, using Nov 26 expiration, collecting a $4.5 premium in advance max profit 4.5, max risk 5.5
