Is this normally confident bunch holding through the 25% drawdown from the top in a week or did they abandon their position ? Declare your strategy now if you insist on making fun of Cathy Wood later. And no, I have no opinion on the direction.
1 Year Performance: ARKK down ~46% QQQ up ~11% IMO she's overrated as an investor. Billions were thrown her way from short-term success which she put in a small list of companies & others followed her pushing her positions to insane valuations. When the inflows turned to outflows, there was no reasonable valuation to stop the drop as most were "hype" investments. Time will tell if she can prove to be a good investor. ***No position.
Sure but obviously the same dynamic could reappear and it did to the tune of 25% in a week. I'm not saying it will.
Abundand returns can never last very long, but it is difficult to forecast a top? *was long from Monday, switched to short eod today, stoploss = 10 days (options))-** ‘Arkk position, not sark’
The next drop hasn't even started and when it does her funds will lose another 50%. The amount of risk she puts on just shows you how dangerous thsse funds are when the drop comes. Yes they do great in a fed qe market but take that away and these etfs are helpless.
I'm short ARKW since 145!! Was going to cover a while back but I saw how weak it was and decided to hold, so holding still and will cover 1/2 when the nasdaq breaks to fresh lows.