Cathie Wood's funds have sold almost completely out of AAPL and bought more COIN.
Watching AAPL here for indications of a Nasdaq continuation rally. If rising yields are bad for tech, does that mean another pullback in yields is coming if Nasdaq goes higher?
Cathie Wood's funds have sold almost completely out of AAPL and bought more COIN.
Interesting. AAPL just bounced off the 200-day MA. At least wait for it to break down, no?
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Agree. I would think AAPL would be one of the cornerstones of any tech focused fund.
Insider selling in COIN was heavy in April, and may have dried up, but fees are too damn high at coinbase, and that's where they make all their money. Fees + trading volume. What happens when other competition pops up and allows zero fee crypto transactions?
Also, those price targets a ways off for COIN and will surely be adjusted downward next correction. Bernstein at $250 but the rest are $325-$600.
https://finviz.com/quote.ashx?t=coin
Bill Gates Foundation sold off all shares of AAPL in recent quarter. Half the shares were sold in Q1 so the writing was already on the wall. With his current situation though, the reason for any sells is not certain, and could be simply settling his estate.
Now that's an aggressive fund.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
it really is... switching gears, any thoughts on the new M1 iMac? I think they are going to fly off shelves.
So 1.59 million shares isn't considered investing? What they do is more important than what they say.
https://cathiesark.com/ark-combined-holdings-of-aapl
aapl ark.JPG
Cash is cash. A stock holding is not cash. Only exception is perhaps a money-market ETF.
I wonder if Bill Hwang used ARKK as a "cash" position.
I use bitcoin as a cash position.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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