SPACE ROCKET
05-09

Cathie Wood's Ark Invest Purchases Shopify and Reddit Shares, Offloads Coinbase Stock

On Wednesday, Cathie Wood’s Ark Invest made some significant trades. The most prominent among these were the purchases of Shopify Inc and Reddit Inc, and the selling off of Coinbase Global Inc shares.
Cathie Wood's Ark Invest Purchases Shopify and Reddit Shares, Offloads Coinbase Stock

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  • EL123
    ·05-10
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    can hear more about your opinion towards PLTR ?
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    • SPACE ROCKET: 
      Buying in now seems like a huge risk to me as the risk to downside seems higher than the possibility of an upside(especially in uncertain times - stagflation, first rate cut not in view etc). But if you're up for quick trades in and out,then I suggest you see historical data and plot out trend lines
      05-10
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    • SPACE ROCKET: 
      The only time I'd scoop these up is when we face a huge correction / recession / pandemic. Other than that, I'm abit worried that PLTR will not grow my money fast enough. Even NVIDIA is facing some resistance after its year to date run up.
      05-10
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    • SPACE ROCKET: 
      Plus headwinds and poor results from related peers like NVIDIA, AMD etc would affect PLTR's outlook and price, regardless of whether PLTR is good or not. Plus the market is kinda saturated for these, so growth potential seems bleak. At such lofty price levels, I'd reconsider.
      05-10
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