ARKK, continually trying to stay afloat

[themickey]

Cathie Wood Is Buying Tesla Again
By Al Root Updated March 9, 2023
https://www.barrons.com/articles/cathie-wood-tesla-ark-stock-619fc57?mod=hp_DAY_Theme_1_1

High-profile fund manager Cathie Wood is buying the dip in Tesla stock.

Wood’s ARK Invest has purchased 51,960 shares of Tesla (ticker: TSLA) for its ARK Innovation ETF ARKK and 17,369 shares of Tesla stock for its ARK Next Generation internet ETF ARKW, according to a Wednesday email containing recent share trades.

 

[themickey]

I'm happy to announce Cathie Wood appears to be totally clueless.
How she ever go to being a fund manager is beyond me.
She's a gambler and must be fleecing the gullible (stupid) sheeple parishioners to get money to trade imo.

 

[themickey]

...Cathie Wood is buying the dip....

Lipstick on a dipstick.

 

[themickey]

Wtf would want to invest in anything to do with unhinged Musk?
Maybe Cathie thinks because TSLA has dropped 50%, so that's a buy signal.

 

[newwurldmn]

Cathie Wood is actually very smart. She was the CIO at Allianz and realized that a disruptive tech fund could generate a lot of assets. She is in the business of providing a vehicle for investors to take a view. This is why it’s structured as a fixed fee for retail and not a hedge fund structure where she gets an incentive fee. She’s a marketing genius. Her returns (good or bad) are irrelevant.

For what it’s worth: most of Wall Street is a marketing machine. Only us suckers are trying to earn money the old fashioned way.

I'm happy to announce Cathie Wood appears to be totally clueless.
How she ever go to being a fund manager is beyond me.
She's a gambler and must be fleecing the gullible (stupid) sheeple parishioners to get money to trade imo.

 

[themickey]

Cathie Wood is actually very smart.....

She’s a marketing genius. Her returns (good or bad) are irrelevant.....

The same can be said of Musk.
For both these characters reputation doesn't seem to matter to them but reality finally catches everyone going down the track.

In the OP, mention is made of 'Next Generation Internet etf', mmmmm, compared with QQQ over 5 years, ARKK & ARKW have similar returns of minus 2.65% versus +82.76% for QQQ.

 

[newwurldmn]

The same can be said of Musk.
For both these characters reputation doesn't seem to matter to them but reality finally catches everyone going down the track.

In the OP, mention is made of 'Next Generation Internet etf', mmmmm, compared with QQQ over 5 years, ARKK & ARKW have similar returns of minus 2.65% versus +82.76% for QQQ.
View attachment 308487

ARKK isn’t a comp for QQQ. Arkk is full of spec-ier companies. It is its own animal. Thus her genius. She created a product that didn’t exist and has been paid handsomely for it.

I read recently her funds have generated like 400mm in fees. Whose the sucker in this dynamic?

 

[themickey]

Whose the sucker in this dynamic?

Everybody who decided to climb aboard the Arrk who thought it was some sort of safe haven for their money from a financial storm, especially if climbing aboard at the peak of the mountain.

 

[SunTrader]

Another Cramsky, only she doesn't get as much airtime.

 

[newwurldmn]

Everybody who decided to climb aboard the Arrk who thought it was some sort of safe haven for their money from a financial storm, especially if climbing aboard at the peak of the mointain.

anyone who thought ARKK or any other equity is a safe haven is massively uninformed. They should give their money to a financial advisor.