Why Cathie Wood and Tesla — 2 HUGE Names on Wall Street — Are a Joke

August 24, 2021 ​​Former Air Force Pilot Discovers Little-Known Market Secret Chuck Hughes is a former Air Force pilot turned 10-time trading champion and million-dollar investor… And his brand new discovery Omega ONE was triggered on SMH... Spitting out a perfect 0.01 rating. This "0.01" signaled a healthy 107% winner… worth $17,302 in profits. Click Here to See How How to Prepare for a Bearish, Volatile Market This Fall Look, guys, I'm not usually one to toot my own horn… OK maybe I am… but… beep beep. At the beginning of this past week I gave you a preview of major events taking place— along with my predictions. And guess what? We reached the end of the week and I had to follow up on those predictions. And also to tell you… I was right. So, without further ado, welcome to the Joy of the Trade weekly wrap-up. I was concerned with some big earnings events this past week, Federal Reserve talk and of course, volatility. Here's How I Knew Why Cathie Wood and Tesla — 2 HUGE Names on Wall Street — Are a Joke I have yet another rant on everybody's favorite investor, Ark Invest CEO Cathie Wood. And, more specifically, her market outlook. But this time, there's a couple of guest stars along for the ride as well, starting with Michael Burry of "The Big Short" fame. This whole story began Monday, Aug. 16, when 13F filings revealed that Burry's Scion Asset Management bought 2,355 puts against Wood's ARK Innovation ETF. It's worth noting that Michael Short also has a substantial short position against Tesla — Wood's largest holding. This has led to a number of articles and interviews regarding her outlook. Namely, her saying that we aren't in a bubble. Are You Kidding Me? "It was great listening to your teachings. As an aspiring on line business trader, there is much that I would love to learn from experts like you. Thanks" Kokas Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of a security drops, demand for the shares increases, thus forming the support line. Meanwhile, Resistance zones arise due to a sell-off when prices increase.   Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.   Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.

 

                                                           

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