SGpHANtom
2021-07-01

First she said PLTR is one of her high conviction stocks. Went on to say how she liked that Karp looked at long term for delivering results, much like what ARK do.

Now that the price has recovered, she bailed. 

What a baloney!

Cathie Wood Sells $18.7M In Palantir
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Comments

  • htht
    2021-07-01
    htht
    She sold 700k out of 28.5 million shares, which's just 2% of her holdings. It's typical to rebalance a portfolio to lock in some profits at a good price, to buy into other shares.
    • SGpHANtomReplyhtht: 
      agree it was not a dump, but she may not have finished selling. and to rebalance, she still have tonnes of monies at her disposal, to balance the portfolio. just my take.
    • hthtReplySGpHANtom: 
      It's an ETF, for diversification, they adjust holdings to not be too reliant on a single stock, PLTR jumped ALOT in a few days, so they rebalanced. If it was an actual dump, why sell only 2%?
    • SGpHANtom: 
      You don't cash (any) out if you go long. it's not like it suddenly jumped 200% and met your 5 year target.
  • glazedust
    2021-07-01
    glazedust
    lol
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