Got out of Snap on. Not as much as I’d like to have made on a swing trade, but it was sitting on resistance and it was green so I pulled the chute. [Reply]
Anyone else holding any Ark funds? They performed horribly the past year+. I keep thinking that it has hit a low and will rebound but it keeps finding new lows... [Reply]
Originally Posted by louie aguiar:
Anyone else holding any Ark funds? They performed horribly the past year+. I keep thinking that it has hit a low and will rebound but it keeps finding new lows...
Cathy Wood sucks. She hit on Tesla and everyone thinks she is great. She has traded her fund down to shit.
She's been buying high and selling low.
She's a one hit wonder. Everyone can make money in a surging up market. [Reply]
Originally Posted by louie aguiar:
Anyone else holding any Ark funds? They performed horribly the past year+. I keep thinking that it has hit a low and will rebound but it keeps finding new lows...
Originally Posted by scho63:
Cathy Wood sucks. She hit on Tesla and everyone thinks she is great. She has traded her fund down to shit.
She's been buying high and selling low.
She's a one hit wonder. Everyone can make money in a surging up market.
I've got a little, and I blame this thread for that. :-)
She's getting hammered because the more speculative growth stocks are getting hammered the worst in this market. It doesn't mean that her individual picks are bad, but rather that her investment strategy is being shunned right now.
She made a comment that I kind of liked the other day. If I remember right there was some statement about short-selling her fund, and her response was something like, "It's a bad idea to bet against innovation." I tend to agree with that philosophy, so I'm hanging on even though I've got a bloody nose right now. [Reply]
Originally Posted by louie aguiar:
Anyone else holding any Ark funds? They performed horribly the past year+. I keep thinking that it has hit a low and will rebound but it keeps finding new lows...
I wanted exposure to some stocks like CRISPR, but was not expert enough and didn't want to do the research to figure out what was best so I just put $1k into ARKG. Turns out Cathie was not really much an expert in it either and I am down 40%. It's in my Roth so I'll probably just let it ride and hope it turns around sometime in the next 20 years. [Reply]
Originally Posted by myselff77:
I wanted exposure to some stocks like CRISPR, but was not expert enough and didn't want to do the research to figure out what was best so I just put $1k into ARKG. Turns out Cathie was not really much an expert in it either and I am down 40%. It's in my Roth so I'll probably just let it ride and hope it turns around sometime in the next 20 years.
I have a little bit of EDIT stock for the same reason. I've lost about the same amount, but I'm holding it because if they cure death I think the stock will skyrocket. [Reply]
Originally Posted by scho63:
That's not good for your dreams. :-)
The $40-45 shorts were right
Just like your Blackberry worth $20 and it's now $6
Almost everything has tanked including stocks you've talked about. And your dumbass still had no clue Blackberry was more than a phone company. :-) [Reply]
Originally Posted by MTG#10:
Almost everything has tanked including stocks you've talked about. And your dumbass still had no clue Blackberry was more than a phone company. :-)
I've been to Blackberry in Waterloo with a former CEO since his cousin was one of the co-founders.
I know a hell of a lot more than you but keep on believing [Reply]
