In an unprecedented move, legendary stock picker Cathie Wood, stated she has began to short her own ETF, Ark Innovation.
“To hedge my tech bets, I have initiated a large short against my own ETF. The risk/reward is quiet attractive here and I will continue to accumulate additional shorts. My price target is negative $4,000.”
To hedge my portfolio, I have began to short $ARKK
— Cathie Wood but young (@CathieWoodyoung) January 27, 2022
Long time bear, Mark Spiegel was seen celebrating this victory by wiping poo and pee over his naked body while screaming into the void about Elon Musk being a fraud.