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ARKK - Ark Innovation ETF


JRM

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An interesting thing is happening. Maybe just a coincidence, maybe coordinated. There are short reports coming out specifically targeting ARK positions. There have been two in the last few days targeting two of their positions. Maybe the hyenas smell something.

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An interesting thing is happening. Maybe just a coincidence, maybe coordinated. There are short reports coming out specifically targeting ARK positions. There have been two in the last few days targeting two of their positions. Maybe the hyenas smell something.

 

At some point shorts are going to make money and market seems to be reversing, but I question the risk management abilities of a fund trying to short a meme stock and publishing it for all to see. I haven’t seen those reports, so maybe short interest is low, but I feel like you are just asking for trouble. 

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  • 2 weeks later...

Cathie Wood’s Ark Has a New Price Target for Tesla: $3,000

 

I feel like ARK have fully embrased the Enron model and are valuing telsa based on dreams shes having. The valuation is based on fully autonomous driving and a world wide auto taxi service which will replace car ownership?

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Cathie Wood’s Ark Has a New Price Target for Tesla: $3,000

 

I feel like ARK have fully embrased the Enron model and are valuing telsa based on dreams shes having. The valuation is based on fully autonomous driving and a world wide auto taxi service which will replace car ownership?

 

Me too. The model published was completely ridiculous. You would get ridiculed if you presented that analysis in a stock pitch somewhere.

 

We are going to laugh at Tesla in 2025 and say what stupid model was that.

 

 

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  • 2 weeks later...

Cathie Wood’s Space ETF Debut Sees $294 Million in Shares Traded

ARKX turnover gives it eighth-best first day in ETF industry
Fund targets firms undertaking space exploration, innovation

[url=https://www.bloomberg.com/news/articles/2021-03-30/cathie-wood-tests-appetite-for-ark-with-launch-of-new-space-etf?srnd=premium]https://www.bloomberg.com/news/articles/2021-03-30/cathie-wood-tests-appetite-for-ark-with-launch-of-new-space-etf?srnd=premium[/url]

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You have to love the components....large cap, old economy stocks and a slapstick 3d printing ETF....but hey! People dont seem to understand, they arent hedge fund managers, they sell a product, and people want it enough to pay for it. So be it.

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What's in it? Glad you asked.  Chinese food delivery, Netflix, John Deere, and wait for it...the Ark 3d printing ETF. 

[url=https://twitter.com/zerohedge/status/1376708075911053312/photo/1]https://twitter.com/zerohedge/status/1376708075911053312/photo/1[/url]

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Has anyone looked into the ownership of ARK in some of these smaller stocks? I mean at some point this is going to blow right? I looked at Palantir where I have a position and its just over 1.2%, but I am sure there must be some smaller stocks where they may be large holders and more importantly, they will be key market movers when they sell/if they sell. Or am I giving Cathie too much credit?

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3 hours ago, ANP301191 said:

Has anyone looked into the ownership of ARK in some of these smaller stocks? I mean at some point this is going to blow right? I looked at Palantir where I have a position and its just over 1.2%, but I am sure there must be some smaller stocks where they may be large holders and more importantly, they will be key market movers when they sell/if they sell. Or am I giving Cathie too much credit?

I would look at ARKG to find a few candidates that describe what you're talking about quite well. Given what just happened with Archego Capital this past week, I wouldnt rule out anything in terms of volatility on a forced sell. 

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https://www.cnbc.com/2021/04/01/cathie-woods-ark-innovation-gets-neutral-rating-at-morningstar-strategies-are-below-industry-standards.html

 

So while I agree, and even added to my shorts in ARKK and ARKG today, I must say, the arrogance of "industry standard" being a standard at all, is hilarious. Its probably a good thing one doesnt follow the sheep in suits who cant beat the index, "manage their risk" only in the context of preserving their own interests/careers/bloated salaries, and generally speaking, cant see beyond a spreadsheet. Perhaps we need to tell Cathy she needs to be more in line with "industry standard", such as, IDK, Melvin or Archegos? Or just Goldman? The financial industry is such a joke. 

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On 4/2/2021 at 1:22 AM, Gregmal said:

https://www.cnbc.com/2021/04/01/cathie-woods-ark-innovation-gets-neutral-rating-at-morningstar-strategies-are-below-industry-standards.html

 

So while I agree, and even added to my shorts in ARKK and ARKG today, I must say, the arrogance of "industry standard" being a standard at all, is hilarious. Its probably a good thing one doesnt follow the sheep in suits who cant beat the index, "manage their risk" only in the context of preserving their own interests/careers/bloated salaries, and generally speaking, cant see beyond a spreadsheet. Perhaps we need to tell Cathy she needs to be more in line with "industry standard", such as, IDK, Melvin or Archegos? Or just Goldman? The financial industry is such a joke. 

Why would you be short ark? I don´t see anything in there particularly bad or even extremely expensive except in a few cases.

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Being short the ARKs hedges you against a lot of different things that I currently think make sense to be hedged against. Short super high multiple, covid pumped tech. Short semi concentrated, illiquid positions. Short things that will get clocked if rates rise. Short things with excessive SBC. Short their "scale" problem. Short retail euphoria. I think with ARKG you've got all of that, plus some. Its an "exciting" idea/concept, but whereas a year or two ago no one(but maybe me) gave two hoots about most of these genetic themed investments, now everyone and their mother have bid them up and the companies are in ATM mode. A few years back when I started the CRISPR thread, you could have bought CRSP, EDIT, NTLA combined for under $5B. The EV was maybe half that. You could've added BEAM for just another $1B. Didnt make sense. So theres a lot of that kind of stuff in there. When I short/hedge I try to look for things that give me as many different ways to win as possible and these check so many different boxes. 

Edited by Gregmal
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