Cathie woods bought 1M++ of $COIN at $254.64, sold at all time low of $53 yesterday and now $COIN is $60. Genius trader?
Cathie Wood of $ARKK just sold nearly 1.41 million shares of Coinbase, $COIN, at all-time lows of $53. The average cost average that $ARKK purchased $COIN at was $254.65. https://twitter.com/unusual_whales/status/1552085054653730816
She sold and bought Shopify that went higher than coin Probably didn’t want to deal with sec investigation too
Lol and folks laugh at her. She got to declare a loss while also making a profit
Alright I was wrong then, my apologies
Why people keep giving her $$$ to invest
Her firm probably made a ton of money over the last 2 years.
Perhaps she found a better opportunity, it is not about where you bought and sold the stock. It is about which stock is gonna return you the most in the future
Yeah at a certain point you have to cut your loses
How does she paid for this? She’s so incompetent
AUM has grown, she's paid a percent.
Tax loss harvesting
I think its gonna drop lower with gdp reports coming in tomorrow and the recent reports on sec investigation