RE:RE:RE:RE:Screwed by insiders You're absolutely right. I should have qualified that I'm a contrarian and I've been studying what's happening with Cathie Wood's funds for a while, much like a shark circling potential food sources. Nothing goes down forever ;).
Experienced wrote: Co2Harvest wrote: For what it's worth, Cathie Wood's ARKK and ARKW funds bought up a nice chunk of Shopify today, roughly 68,000 shares between the two funds (most went into ARKK). Experienced wrote: Obscure1 wrote: A hard lesson for me today.
I bought a chunk of SHOP yesterday at the end of the day because there was no logical explanation for the share price to be down $106.
Today, AMZN makes an annoucement that will likely have a very negative impact on SHOP.
Surprise surprise!
The inside info obviously got leaked.
On the infinitely small chance that there is an investigation, you can be sure that the See No Evil message will be used.
Can't tell you how pisssed off I am right now.
Jeff Bezos didn't get to where he is today cause he is a nice guy.....just ask his ex wife...lol
As my wise Dad said to me when I was a kid when I came home from school with a bloody nose - "Don't get into a fight unless you think you can win!!"
Her fund lost 24% last year making it the worst peforming fund. I suspect that there are few, if any, people on this Board that lost 24% last year.
In the first quarter fo this year her fund is repeating last year's great numbers and is the worst peforming US equity fund.
Her buying SHOP is not exacly a hubba hubba moment for me.