Cathie Wood Continue to add into this 3 stocks

OutofCBD
2021-05-06

Cathie Wood added more SKLZ, PLTR and DKNG. Should we go in yet?

For the past few days, market continue to trend downwards. $Skillz Inc(SKLZ)$continue its downwards momentum same as $Palantir Technologies Inc.(PLTR)$.

$DraftKings Inc.(DKNG)$also broke its 150MA and go below $53. After taking profit in same position last week, I been holding to still. 

At least for me, it look about time to buy slowly into some on their next support level. Ofthe 3, I will likely go for PLTR who have strong revenue first. I still have a sell PUT position on SKLZ. 

But for short term scalp trading, DKNG and PLTR offer better range of intraday support and resistance trading.  

Buy when other are fearful and sell when other are greedy. There is no confirm sign of reversal yet, so likely will go half my usual position before adding in more.

May the market be with you!

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Comments

  • NEWBIE
    2021-05-13
    NEWBIE
    news about Skllz is bad. holding buy at 7.95. should i sell ?  Case against the company, will it declare bankruptcy
    • NEWBIEReplyOutofCBD: 
      really appreciate your reply. I will def sleep well tonight. THank you so much!
    • OutofCBD: 
      Almost all tech stock with massive drop has lawsuit like Tigr and Wkhs too. 8$ is a good price, you can still take half to have your capital and have the rest run. most impt is to slp well at night
  • LeonardKSW
    2021-05-07
    LeonardKSW
    my goodness... always the stocks she invested mostly all down sharply...we are doomed
    • LateWizard: 
      Barely. There is logic behind all this madness. Just HODL
  • ck1986
    2021-05-08
    ck1986
    u can follow woods stock, why don't follow her hold duration?
  • Junz95
    2021-05-13
    Junz95
    Their quarterly result are good. The price drop only because of inflation and market sentiment. In fact, many tech stock are also tumble with good earnings. So, it makes sense to buy for long term.
  • Styan21
    2021-05-07
    Styan21
    Cathie look for long term benefit.
  • LeonardKSW
    2021-05-12
    LeonardKSW
    omg...now wonder down..lol
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