$Tesla (TSLA.US)$ Cathy Woods (ARKK) purchased just over 240...
$Tesla(TSLA.US$ Cathy Woods (ARKK) purchased just over 240,000 shares today for her funds. averaging down yet again... I guess she'll be buying it all the way down to about 105 or 110 bucks.
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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ScottBreckenridge : sold half a million coinbase to make it happen, maybe
bullrider_21 : When Cathie buys Tesla shares, you sell.
Cathie Wood's Ark Amasses Nearly $15M Tesla Shares Ahead Of Crucial Q1 Deliveries Report - Continues To Offload Nvidia, Coinbase And Robinhood - Benzinga
bullrider_21 : She is selling winner - Nvidia and buying loser - Tesla.
MonkeyGee : Buy high and sell low.
Mynor Garcia : Eh, I still ain't figured out what she's up to. She's either smoking crack or betting on the Robots. Cause she ain't buying Tesla for the cars.
10baggerbammOP Mynor Garcia: Cathy averages down constantly once she commits to buying a stock she'll buy it all the way to the ground hoping for reversion where the stock bounces back and because she's increasing the amount of share she buys as it falls her cost basis is lower of course when she's wrong she destroys shareholder equity. Tesla ultimately at some point in the next several years will have their dojo fully operational and self-driving taxis cars will become standardized with just a software download so while the value of Tesla vehicles are down significantly in the used marketplace now all of the vehicles within the past 24 months potentially when and if self-driving cars becomes operational within Tesla it is just a software download. at that point the value of the entire fleet of ever used Tesla vehicle is going to spike up dramatically by 50 to 75% maybe more because of the value that it brings hop in the car plug address sit back take a nap your car takes you there.. it kind of makes commuting and traffic really nice if you think about it you have your own show for driving you.. I hope Tesla crashes down to around the $100 range because I know Elon Musk is going to turn around the company and I am going to go balls in head first into tsll which is the leveraged ETF.. so this leverage ETF was down to around $4 it's about 7.10 now it did touch 6.9x this week so hopefully it falls to four bucks again because I will be a big buyer of it at that point but not now. every technology company and that's what Tesla is has gone through cycles I mean look at Facebook with the bet on the metaverse tens of billions of dollars wasted and then a pivot in the direction and how quickly the stock responded.. who would you rather bet on as an automobile manufacturer Elon Musk or the union backs stodgy executives sitting in the boardroom at Ford or general motors?