Tag: Cathie Wood

  • Cathie Wood’s ARK Invest Just Took a Big Position in BITO

    Cathie Wood’s ARK Invest Just Took a Big Position in BITO

    For quite some time, we’ve been talking about using the ProShares Bitcoin Strategy ETF (BITO) to benefit from the rise of Bitcoin (BTC). We’ve noted, “BITO mimics the price of Bitcoin as closely as possible without investing in the cryptocurrency itself. As noted by Money, “Like all crypto ETFs, part of the allure of BITO…

  • Short Opportunity: Virgin Galactic Plummeting Back to Earth

    Short Opportunity: Virgin Galactic Plummeting Back to Earth

    So much for Virgin Galactic (SPCE). Weeks after blasting off to a high of $55.50, the sock plummeted to $16.61.  Worse, it could fall even more after breaking below support around $15. Not helping, insiders like Chairman Chamath Pailhapitiya, Richard Branson, and Cathie Wood’s new space-themed ETF have been selling hand over fist.  In fact,…