Lol I hear ya.

The upmove could also easily be attributed to Calpers and TRS upping their Nasdaq position. It wasn't just short covering

And since inception the ndx100 has done just fine regardless of what rates are. High taxes...low taxes...higher rates...lower rates.....they'll figure it out.

I would agree that selective members of QQQ will do well and always will just not the whole index and that's because there will not be broad based institutional volume across the entire index. That's because of the rotation to cyclicals a d real economy stocks save the shorting of previous favorites investments.

TheGroupGuy said:

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I would agree that selective members of QQQ will do well and always will just not the whole index and that's because there will not be broad based institutional volume across the entire index. That's because of the rotation to cyclicals a d real economy stocks save the shorting of previous favorites investments.

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How long have we been waiting on the impending rotation to cyclicals? I wouldn't be shocked if the Nasdaq made its low for the 1H of the year and potentially all of '21.

I was wrong about ARKK going below $100 by the end of April, but it has gotten hurt quite badly with high prospects for more pain. Which apparently a lot of people are betting on.

$ARKK option flow today pic.twitter.com/sBZSXyVZAN

— vigtec (@vigtecofficial) May 6, 2021

I tried to warn y'all bout that Biach

https://www.zerohedge.com/markets/weekend-wood-ark-founder-admits-bill-hwang-seeded-her-etfs-says-she-likes-setup-flagship

Notice in the interview she keeps looking up and left during her pauses.

TheGroupGuy said:

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I tried to warn y'all bout that Biach

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You also said QQQ was dead. What happened there?

We all have eye patterns when speaking when we are recalling information or stating fact or fiction.

seed money from a billionaire? say it ain't so.

FunkyKO said:

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We all have eye patterns when speaking when we are recalling information or stating fact or fiction.

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I don't know if it's true, but I've heard looking up and left tends to indicate creating a story rather than recalling a memory.

QQQ is not exactly a picture of health.

It will be interesting to see if ARKK had a bunch of redemptions Monday. They will need to sell on Tuesday if so into what may be an already down day.

DubFalls said:

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QQQ is not exactly a picture of health.

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Haha so true it's been absolutely hammered along with all the Ark funds since I posted what would inevitably happen 2 months ago. Some people called me stupid. I would say prescient and accurate. Hopefully my detractors are tough because you know if you're going to be stupid you have to be tough

Cathy Woods misery mounts as Ark assets fall below $20B flashes across my tv as I write this.

each person has their own, which is why you ask questions that you know to be true to develop a tell. is it recall, or are they thinking.

The media is the worst....and they're behind. 21,008,629,350

And that just in the publicly traded etf. Does not include privately managed accounts, ucits, mutual fund.

ark doesn't sell anything

FunkyKO said:

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ark doesn't sell anything

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If people sell their ARKK shares it goes to dealers. The dealers can redeem their shares for the value of the shares from Ark. To come up with that cash for the redemption, Ark will have to sell stock in companies that compromise the fund.

no sir. that's not how etf's function.

Ark or etf's for that matter do not see inflow's or outflows.

marketmakers and participants are the ones who create shares or redeem shares. they are the ones who hold the securities that are in the etf portfolio. the portfolio allocation is updated are updated throughout the day....anywhere from 0 to 15 seconds. the marketmakers/participants must adjust their portfolio accordingly.

the etf wrapper itself is not like a traditional mutual fund where the asset manager must liquidate or keep cash on hand to handle daily redemptions.


for example, my make believe ETF has 5 securities.

20% in each.

AAPL
FB
AMZN
GOOGL
MSFT

now I want to add Coinbase to the portfolio. 10%.

apple fb amzn google msft go to 18% each
coinbase goes to 10%

did I the manager in the etf wrapper physically buy or sell shares of those equities? no. the mm/participants did.

If someone wants to buy $1,000,000 of xyz etf. The mm/particpant must buy those securities, and create etf shares. the fund itself holds no securities.

so yes....in the most basic form, an active etf manager simply has a screen with allocations in front of them and if they want to shift allocation around....the mm/participants adjust their holdings at their respective firms.

so yes...if you wanted to create a dubfalls etf.

does your dubfalls etf own any of the securities. no.

you're just sitting at your trading station and punching up allocations...

the mm/participants that you have agreements with hold the securities in your etf.

If someone wants to add a billion to your etf......do you personally see the inflow. no.
if someone wants to liquidate from your etf...do you see outflow. no.


of course the creation/redemption share screen shows this. but you as the manager do not have to buy or sell anything. you are free to manage your allocation.

Brian Earl Spilner said:

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TheGroupGuy said:

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I tried to warn y'all bout that Biach

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Do we really need these types of posts?

Nothing worse on this board than people who beat their chest about their predictions when others are hurting.

Nobody here knows what a stock is gonna do, and you happening to be right on something doesn't give you the right to be a dick about it.

(And I say this as someone who didn't buy into ARKK because of similar concerns, btw.)

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You know a big part of investing is learning from your mistakes. Evaluation of all points of view prior to investing is an essential part of due diligence. If you just don't like what someone has to say you could just say hey I disagree. But when you start calling people stupid and their opinions BS you depart from civil discourse and show your ass. Show your ass and it winds up getting kicked don't blame the one who warned you own your mistake. What r we really need here is more civility. Sorry you lost money today.

Brian Earl Spilner said:

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TheGroupGuy said:

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I tried to warn y'all bout that Biach

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Do we really need these types of posts?

Nothing worse on this board than people who beat their chest about their predictions when others are hurting.

Nobody here knows what a stock is gonna do, and you happening to be right on something doesn't give you the right to be a dick about it.

(And I say this as someone who didn't buy into ARKK because of similar concerns, btw.)

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I think it was good to resurrect this thread.

Go read page 1 and the shared articles.
Now look where we are.
This is a good real time learning experience.

Someone pull the thread where the buy was called.....might have to search back a few years...

Will wait.

4 months a strategy doesn't make.

Good experience unfortunately comes from bad experiences. Learn to listen. Listen to learn.

FunkyKO said:

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4 months a strategy doesn't make.

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I think most people who have developed their own investing strategies would have avoided ARK ETFs. The influx of money the past year is FOMO.

Who are most people?

It really hasn't been a secret for the last 5 years.

It's what happens when one gets their info from CNBS

Here's a poll. When did you first hear about Arkk. Be honest

The influx of money compared the the entire etf passive/ managed money universe is small

It's not like she didn't warn of a doozy of a correction.

bmks270 said:

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Brian Earl Spilner said:

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TheGroupGuy said:

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I tried to warn y'all bout that Biach

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Do we really need these types of posts?

Nothing worse on this board than people who beat their chest about their predictions when others are hurting.

Nobody here knows what a stock is gonna do, and you happening to be right on something doesn't give you the right to be a dick about it.

(And I say this as someone who didn't buy into ARKK because of similar concerns, btw.)

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I think it was good to resurrect this thread.

Go read page 1 and the shared articles.
Now look where we are.
This is a good real time learning experience.

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Yep. Performance chasing usually ends poorly.

It is also happening to Tesla right now, and will hit the Crypto mania as well

Now I'm a dick cancel culture at its finest. Yeah that's why I risk capital for flat. Here's your hero you tell me if the delusion is not strong with Cathy Woods. This is your fund manager
https://www.zerohedge.com/markets/arks-wood-predicts-very-serious-correction-commodities

I'm done here