This is a touchy subject but we at TNI do swing $ARKK. It is important to keep an eye on this ETF because it shows us how the high valuation/ high growth market is doing, and therefore for overall risk sentiment.
We are agnostic about Cathie Woods – I do not buy her hype nor am I looking at calling her a fraud. She is running a business, she has capitalized on the trading craze during COVID and she markets very well. All asset management companies do business this way. If others in the investment management industry are too focused on her – they are jealous of her success.
I mean we do still roll our eyes at this:
And this:
We have not initiated a buy yet on it as we are looking for an entry around the 55 area – to be confirmed.
Then we could get a quick 10% to 20% return in a few days to a few weeks.
We had a position in SARK (The ARKK inverse ETF) from 43.20 and we closed it early at 48. This will happen all the time in the swing portfolio – we take quick losses and most times we sell early.
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