Cathie Wood and her Ark Invest funds loaded up on
$Tesla(TSLA.US)$ last week as TSLA stock tumbled nearly 8% , falling below its 200-day moving average.
The TSLA dip and subsequent Cathie Wood buys Thursday and Friday came as Tesla decided to cut China vehicle prices on the Model 3 and two Model Y variants.
Cathie Wood's Ark Investment Management bought 112,475 TSLA shares Thursday and another 111,802 on Frid...
RIPPER : I’m excited ……
SpyderCallOP RIPPER: Me too. I love a good dip to buy. And puts habe extremely low premiums right now. They could possibly print big time.
RIPPER : Am I the only one who saw this fall coming? I’m confused because seems like most out there were caught off guard.
All week long, I have had a gut feeling this exact fall was going to occur simply from my constant close observation of the moving averages. The patterns and overall movement of moving averages (throughout all time frames)TELL A STORY.
Only saying that because I’m not the best trader in any way, shape or form, but it seems even the pros didn’t see it coming
RIPPER SpyderCallOP: Yep, I had a couple of BIG bangers today.
It’s a good idea right now, to sort through the tickers with the most meat on the bone, lowest IV that appear to be topped out. Yes, most I’m looking at appear to be completely topped out.
If my original theory is correct, and this is the initial stage of transitioning from bull run to bear, then we are about to have some of the best opportunities of the entire quarter.
SpyderCallOP RIPPER: Good call. today was ugly. How low do you think it will go before the market buys it back up?
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