Talk about buying the dip! Cathie Wood $ARK Fintech Innovation ETF(ARKF)$ and $ARK Next Generation Internation ETF(ARKW)$ just scooped up $12 million worth of $CrowdStrike Holdings, Inc.(CRWD)$ stock following the recent tech meltdown. This move comes after CrowdStrike's major software glitch caused widespread disruptions globally. While many investors ran for the hills, Wood saw an opportunity. Is this another example of Wood's famous contrarian strategy, or a risky bet on a company facing serious challenges?
Time For CrowdStrike to Rebound After 25% Decline?
Microsoft has experienced a global outage, causing disruptions to services for LME, banks, and multiple airlines. Crowdstrike has lost 25% in the past 5 days. --------------------- Is it enough for CrowdStrike's plunge? Time for rebound or further decline? Will you short or long CrowdStrike?
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