Cathie Woods is toast. I don't know if she buys on margin or not but margin calls are coming for big positions. Look at any after hours quote. I can't find one that is positive. I can't find one that is modestly negative. If this holds, tomorrows open will be one for the books.
Well, down a chunk at market close, and another half a percent in after-hours trading. But to be fair volume was surprisingly very little today, compared to the two prior. This may be partly due to today being expiration Friday. In any case, today I committed to being a confident bear and shorts calls all over the place, lol. Worse comes to worse, Murphy will give us a bull-market again.
Amazingly its only 10% above the pre-Covid highs. There's a lot of support at $60. Below that comes $33 at the March 2020 lows.
Look again. Back when it traded $60 the average (21) daily volume was less than 1mill. Today it is 18mill. "Like a hot knife thru butter." Only support there is, is AA if Cathy turns to alcohol.
Someone needs to make a movie out of this. "The Disruption stocks that got Disrupted" A Michael Burry Film production.