[Quote of the Day] Be fearful when others are greedy and be greedy when others are fearful
Market Snapshot
ARK Investment Management, Wood's firm, sold 883,684 American depository receipts of JD.com on Monday to mark its biggest reduction in the company since July, according to ARK's trading data compiled by Bloomberg.
The asset manager has been cutting holdings in the Chinese online retailer since mid-September and now has about 2.4 million shares, a 0.18% stake.
Tuesday, JD gained more than 10% to finish at 76.76, sitting near a one month high.
![[Quote of the Day] Be fearful when others are greedy and be greedy when others are fearful](https://sgsnsimg.moomoo.com/16419835850727-77777025-web-8f00b204e9800998.jpg/bigmoo)
Quote of the Day
Be fearful when others are greedy and be greedy when others are fearful.
![[Quote of the Day] Be fearful when others are greedy and be greedy when others are fearful](https://sgsnsimg.moomoo.com/16419834107271-77777025-web-8f00b204e9800998.png/bigmoo)
When others are greedy, prices typically boil over, and one should be cautious lest they overpay for an asset that subsequently leads to anemic returns. When others are fearful, it may present a good value buying opportunity.
![[Quote of the Day] Be fearful when others are greedy and be greedy when others are fearful](https://sgsnsimg.moomoo.com/16419835202899-77777025-web-8f00b204e9800998.png/bigmoo)
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