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Thread: Cathie Wood - ARK Invest Fund

  1. #1

    Default Cathie Wood - ARK Invest Fund

    11 Plunging Stocks Are Badly Burning Cathie Wood's ARK Invest

    ARK Invest's marquee ETF, ARK Innovation (ARKK), dropped to 103.98 Monday, its lowest close all year. It's now down more than 16% just in 2021. And much of the pain is due to 11 of its holdings, such as health care plays Editas Medicine (EDIT) and Syros Pharmaceuticals (SYRS) plus tech Materialise (MTLS), which lost more than a third of their value in 2021 so far.

    Talk about a reversal of fortunes. ARK Innovation was the hottest thing going last year. Money poured into the ETFs managed by Wood's company. ARK Innovation jumped 148.7% in 2020. But for now the direction is down, and fast.
    https://www.investors.com/etfs-and-f...ds/?src=A00220
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.


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  3. #2

    Default Re: Michael Burry - The Big Short

    Michael Burry of ‘The Big Short’ reveals a bet against Cathie Wood’s ARK Innovation ETF

    Subscription site: https://www.cnbc.com/2021/08/16/mich...ation-etf.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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  5. #3

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    Default Re: Cathie Wood - ARK Invest Fund

    This would have been a fantastic ETF to buy in February but I'm wondering how this will affect meme stocks, etc. when it goes live. More short squeezes, or more plunges as everyone will have access to "shares" to sell short.

    Tuttle Capital Management, a small fund company with 10 ETFs and $228 million under management, has filed to launch the Short ARKK ETF under the ticker SARK. The fund would seek to track the inverse performance of the $23 billion ARK Innovation ETF (ticker: ARKK) through swaps contracts, according to a filing with the Securities and Exchange Commission.
    https://www.barrons.com/articles/sho...tf-51628035888

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  7. #4

    Default Re: Cathie Wood - ARK Invest Fund

    That's pretty funny. I wonder what Cathie thinks of that?
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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  9. #5

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    Default Re: Cathie Wood - ARK Invest Fund

    Regarding Michael Burry, she tweeted, "I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space."

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  11. #6

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    Default Re: Cathie Wood - ARK Invest Fund

    Breakdown, and support has become resistance. Will window dressing punch it back above $114? ARKK is one to watch when it comes to momentum.

    arkkd.png

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  13. #7

    Default Re: Cathie Wood - ARK Invest Fund

    Cathie Wood disputes Jack Dorsey’s hyperinflation warning, says prices will fall after holidays

    The founder and CEO of Ark Invest took to Twitter to expound upon her contrarian theory about deflation after Dorsey tweeted Friday evening that “Hyperinflation is going to change everything. It’s happening.” Wood estimates that her hypothesis will start to play out sometime after the holidays.
    https://www.cnbc.com/2021/10/25/cath...-holidays.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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  15. #8

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    Default Re: Cathie Wood - ARK Invest Fund

    I'm with Cathie here and actually agree with Rosenberg for once.

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